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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$3,950,000

Est. payment - /mo

8 Beds

8 Baths

4,248 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,248 sqft

Price per Sqft $929

MLS Listing ID 25539701

Bedrooms 8

HOA Y/N No

Year Built 1924

Lot Size 0.260 Acres

Property Description

This eight-unit apartment building offers an exceptional investment opportunity in a prime South Redondo Beach location, just a short 800 feet from the Pacific Ocean. Situated on a large 11,309-SF lot, the property features three fully remodeled units and six garages. Investors will appreciate the potential for an Accessory Dwelling Unit (ADU) to further enhance income. Residents can enjoy a common area courtyard and the convenience of being just blocks from Veterans Parks, the Redondo Beach Pier, and King Harbor. With a pro-forma cap rate of 4.84% and the benefit of no local rent control (defaulting to AB 1482), this generational asset presents significant value-add potential in a highly sought-after coastal market.

Location

State CA

County Los Angeles

Area 157 - S Redondo Bch W Of Pch

Zoning RBR-3A

Interior

Fireplace No

Exterior

Parking Features Garage

Garage Spaces 6.0

Garage Description 6.0

Total Parking Spaces 6

Building

Story 1

Entry Level One,Two

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 7508010021

Special Listing Condition Standard

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Listed by Gianluca Jacoli Shield CRE, Inc.

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518 S Catalina AVE Redondo Beach, CA 90277