$1,625,000
Calculate Payment
Calculate Payment
213 Francisca Avenue Redondo Beach, CA 90277
Cluster
Residence
6
Beds
5
Baths
...
Bed/Bath
2,234
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Welcome to an unparalleled opportunity in South Redondo Beach, where coastal living meets smart investment! Just four blocks from the sandy shores, this exceptional stand-alone house with three additional units in the back is the ultimate owner-user or passive income property, blending the charm of ...beachside life with robust financial potential. The front unit is spacious 2-bedroom, 1.75-bathroom house featuring a private front yard - your perfect coastal retreat -while the other units, including a 2-bedroom/1-bathroom, a non-conforming 1-bedroom/1-bathroom (with potential for a future ADU buildout), and a studio/1-bathroom with a private backyard, generate strong rental income. The non-conforming 1-bedroom unit is being delivered vacant. Boasting a 4.89% current cap rate and 14.53 GRM, with a pro-forma cap rate of 6.29% for future growth, this cash-flowing gem operates under the favorable AB 1482 rent control, avoiding restrictive LA regulations for flexibility and long-term stability. Nestled on a large lot, the property offers ample outdoor space for parking, storage, and common areas, ideal for relaxing, hosting BBQs, or exploring enhancements to boost value. Located in a premier South Redondo Beach neighborhood, you're just a short stroll from the iconic Redondo Beach Pier, vibrant King Harbor, and serene Torrance Beach, where morning coastal walks and sunset dinners become your everyday reality. Qualifying for residential financing, this property is accessible for owner-users eager to plant roots in one of Southern California's most coveted coastal communities. Whether you're an owner-user dreaming of a beachside lifestyle or a passive investor seeking steady returns, this generational asset delivers unmatched value-add potential. The expansive lot and versatile unit mix provide opportunities for future growth, such as enhancing outdoor spaces or capitalizing on the non-conforming unit's ADU potential, ensuring this property remains a wealth-building cornerstone for years to come. Imagine sipping coffee in your private front yard, hearing the distant waves, while your investment works for you with immediate returns and long-term appreciation. South Redondo Beach's laid-back vibe, coupled with its proximity to dining, entertainment, and outdoor adventures, makes this location a true coastal paradise. Don't miss your chance to own a piece of this sought-after community, where lifestyle and income converge seamlessly. Act now - this rare blend of prime location, strong income, and future potential won't last long in South Redondo Beach's competitive market!
Continue reading
MLS#
25580203
Property Type
Cluster
Bedrooms
6
Bathrooms
Year Built
1924
Square Feet
2,234
sq. ft
Lot Size
0.14
Receive an email as soon as the price changes
Receive an email
as soon as the price changes
Get Price Alerts
Don't miss your chance. Receive an email as soon as the price changes.
Get email alerts when
a home price changes
Sign up
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
How much home can I afford?
Kickstart your home search journey with our online Pre-Approval.
Nearby Homes For Sale
Just Listed
And
Homes Available
In
See How Much You Could Save
Thinking about buying or selling? Talk to one of our Mortgage Professionals today to see how much you could save on your next home. Call us at 833-981-2030.