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$3,950,000
Est. payment /mo
4,248 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,248 sqft
Price per Sqft $929
MLS Listing ID CL25539701
HOA Y/N No
Year Built 1924
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Other
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
Zoning RBR-
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 7508010021
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Listed by Gianluca Jacoli • Shield CRE, Inc.
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