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.
Days on market: 8
Listing updated: May 24, 2025 - 12:46:05
Listed by: Gianluca Jacoli DRE #01938297 310-593-9869, Shield CRE, Inc. - CLAW
Source: CLAW, MLS#: CLW-X82383 Originating MLS: CRMLS
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