Incredible opportunity to own a rare ocean view generational asset on the Esplanade in Redondo Beach. First time on the market in over 40 years, this huge 7 unit (plus 1 non-conforming) apartment building offers over 7,000 square feet of rentable square footage on a nearly 10,000 square foot lot with 7 garage parking spaces. Enormous unique 2 story owner's unit loft style apartment with jaw-dropping ocean views, beamed ceilings, skylights, direct access elevator, large open concept kitchen, balcony, office, den, fireplace, wet bar, and 2 bathrooms. 6 other separately metered spacious apartments including one 2 bed/1 bath unit with ocean views, two 2 bed/2 bath units, and three 1 bed/1 bath units plus one non-conforming studio above the garages in the rear of property (check for ADU potential). Well priced on income for ocean front multifamily at 19X GRM on actual rents with a 30% upside to 14.8X GRM on market rents. Extremely well maintained property with very little deferred maintenance. Newer windows, clean units, and individual water heaters.
Unit A is a remodeled 3 bed, 1 bath front unit. Newer kitchen with a quartz countertops, new cabinets, and a new gas range. There is new vinyl flooring throughout the unit. A new wall heater was installed a few years ago. The bathroom has been updated and the unit received new PEX supply and ASB waste lines. This unit has exclusive use of the 2-car garage presently used for storage. Unit B is a remodeled 3 bed, 2 bath rear unit. Newer quartz kitchen countertops, gas range, and 2 gas wall heaters. Both bathrooms have been freshened up and improved. There is vinyl flooring throughout and several of the older aluminum windows have been replaced with dual pane vinyl windows. This unit has exclusive use of the single garage that is presently used as a “man cave”. Parking is available in the driveway immediately in front of the garage.
Two detached homes being sold as Land Value. 50 x 150 lot is zoned R-2 (two unit condo site please confirm with the Redondo Beach Planning Dept). Continue to collect rent while you are obtaining development entitlements. Monthly rent shown is actual. Great redevelopment location, close to shopping, restaurants, schools, area beaches and frwy access. Property is being sold AS-IS.
Graham Street is a rare find! Built in 1970’s and held by multi-generational Owners. It sits on a 15,000 sf double lot. And located in one of Redondo Beach’s best residential neighborhoods, north of Artesia and is sought after by tenants that want a quiet, secure, amenity central location. A drive by glance shows stunning Architectural features that include multilevel design garden style complex, with balconies, generous windows, and amenities. Units situated around a serine courtyard that gives many of the occupants garden views and still allows for privacy. Continuous building maintenance and upgrades have been performed with the highest standards. Overtime 10 of the units have been rehabbed w upgrades including remodeled kitchens, tiled baths, flooring, cabinetry, windows and fixtures. Building is approx. 12,000 sf. With living spaces averaging 1,050sf / two beds and 775sf /one beds. with a mix of (6) 2-bed/1-bath units and (1) 2-bed/2-bath units and (5) 1-bed 1-bath. Current rents are staggered and there is an estimated 24% upside in income. Market Cap at Proforma Income is 4.3% Building upgrades: Interlocking paver dive way and garage area, copper plumbing, full laundry, central gas water heater. Building storage space and workshop. 14 parking spaces consisting of tuck under and separate building all have storage. This opportunity offers an investor looking for excellent potential appreciation, long term stabilized tenant base, tax shelter and pride of ownership.
Great triplex income property investment opportunity. Current empty unit allows primary residence financing. The property features a detached front home with a duplex in the rear. The front house is separated from the duplex by 3 garages. Each unit features private laundry, private garage, outdoor space and driveway parking. The detached front house features 2 bedrooms, 1 bathroom, front yard, front porch, small backyard area and separate laundry room. The downstairs unit of the duplex features 3 bedrooms, 1 bathroom, side and rear patio areas with potential for adding a second bathroom in the laundry room. The upstairs unit features 2 bedrooms, 1 bathroom, front porch, large rear deck and in unit washer/dryer hook-ups. There is potential for adding an ADU above the garages. Great neighborhood with award winning schools, near a park and 2 miles from the beach.
2220 Huntington Ave in Redondo Beach, CA, presents an exceptional investment opportunity for potential buyers. This four-unit property boasts an impressive 4,917 square feet of living space, ensuring ample room in each unit. The first unit consists of three bedrooms and two bathrooms. The other three remaining units have a two bedroom and two bathroom floor plan. This property is a true gem in the South Bay area, known for its desirable coastal living and vibrant community. Its prime location in Redondo Beach ensures easy access to local amenities, schools, parks, and the beach, making it an attractive option for tenants and a high-demand rental market. Investors will find this property to be a sound addition to their portfolio, with its blend of modern upgrades, prime location, and ample living space. Don't miss out on this rare opportunity to own a premier multi-unit property in one of the most sought-after areas of the South Bay. Please do not disturb the tenants. For more information and showings, contact the agent.
Courtesy: Pellego, Inc.
Don't miss out on this incredible mixed-use investment opportunity in the heart of South Redondo Beach! This property features a front retail unit with excellent visibility on the major thoroughfare of Pacific Coast Highway, plus four spacious 2-bedroom, 1-bath apartment units in the back. Each apartment comes with its own laundry hook-ups and a 1-car garage with an electric door opener. Enjoy the added convenience of new EV car chargers in all garages and recently replaced roofs for peace of mind. The 2-bedroom house with a private patio is the perfect bonus for extra income or owner-occupancy. Located just 5 blocks from the Pacific Ocean and less than a mile from the vibrant Riviera Village and Redondo Beach Pier, this property offers both a prime location and huge potential. With NO LA City rent control, this is the perfect opportunity to maximize your investment in one of California's most desirable coastal communities!
This 3 unit property is on a full 50X150 lot(BTV) and in a area of North Redondo Beach. It offers a wonderfull investment opportunity with its desirable location and versatile layout. The 3-unit property features a front house with 2 bedrooms and 1 bathroom, providing a single-family home feel with its own private driveway. The middle unit has 1 bedroom and 1 bathroom, while the back unit boasts 3 bedrooms and 2 bathrooms, featuring upgrades and a separate driveway. These two distinct driveways enhance privacy between units, making the front house feel like an independent home. The property's proximity to award-winning Redondo Beach schools, shopping centers (including the South Bay Galleria), grocery stores, dining options, freeways, parks (such as Perry Park), and recreational areas adds to its appeal. Whether you're looking for a stable rental income or long-term appreciation, the versatile layout and ideal location offer excellent potential for various rental strategies. With its prime location, this property is perfect for investors seeking both convenience and long-term growth in one of the most desirable beach cities. Don’t miss this opportunity to secure a piece of Redondo Beach real estate! Buyer and buyer's agent to verify all information.
Courtesy: Vista Sotheby’s International Realty
Courtesy: Shield CRE, Inc.
Massive $$$ Invested: Brand new roof, new windows, new balcony and roof deck floors, exterior paint, exterior fixtures, 3 of 4 units renovated. All 4 units have rooftop decks.
Great investment opportunity in the South Bay! Located in North Redondo, 10 mintues from the beach, walking distance to award winning schools, shopping and the beach life. Live in the main house and rent out the detached four, two bedroom one bath units.
Courtesy: The Real Estate Consultants Westside Inc.
$50,000 price reduction! Tree in front yard has been removed for improved curb appeal. Pride of ownership triplex with oversized units in an excellent location of North Redondo Beach! Located only down the street from South Bay Galleria, this property is being offered with an 18% upside in rents to a market GRM of 18.57 and a market cap rate of 3.7%. The two garages provide ample parking or an ADU opportunity for a savvy investor. Additionally, the R-3 zoning provides the option for additional development opportunities. This low maintenance building was freshly painted this year, plus had some plumbing upgrades and a new water heater installed. The central location combined with the potential upsides make this an exceptional generational asset!
Courtesy: Palm Realty Boutique
First time on the market in over 28 years! This is an excellent opportunity for a yield-focused investor to acquire a well-located, upgraded 4-unit asset in North Redondo Beach. Large corner lot. The property boasts a spacious 3 Bed / 3 Bath owners’ unit, (1) 2 Bed / 3 Bath unit, (1) 2 Bed / 1 Bath unit, and (1) 1 Bed / 1 Bath unit. Constructed in 1971, the property consists of 4,680 SF of living space, situated on a 7,511 SF lot. All units are separately metered for electricity and gas. Ample parking with six garages. Significant rental upside on the three month-month tenant occupied units. Rent roll / pro-forma in supplement. Expenses are not actual (estimated). Do not disturb tenants.
Courtesy: Re/Max Estate Properties
This beautifully refreshed four-unit property is an attractive option for both cash-flow investors and owner users. Front owners Unit A: 3 bedrooms, 2.5 bathrooms, two-story with double garage. Rear Building: (1) - 2 bedroom/2 bath, (1) - 2 bedroom/1.75 bath, (1) - 1 bedroom/1 bath, with three single garages. **Upgrades have been completed for an admitted California insurance carrier policy! New electrical sub-panels in all units, new water heater safety upgrades, freshly paint, new vinyl fencing, new garage doors and motors, new artificial turf, new rebuilt balcony walkway and roofing upgrades. Significant rental upside potential due to month-to-month leases and desirable location. Conveniently located minutes from King Harbor, restaurants, entertainment, shopping, seafood markets, whale watching, etc. One block from Redondo Village Center with a Von’s market, hospitality and retail. This property is an excellent opportunity for an investor or for an owner seeking a residence with additional rental units to offset costs. Its proximity to local attractions and amenities enhances its appeal and potential for future value appreciation.
Welcome to 2600 Mathews Avenue, a remodeled 7-unit property in the heart of Redondo Beach. This stunning renovated building offers a mix of modern and stylish living spaces, featuring one 3-bedroom/1-bath unit, two 2-bedroom/1-bath units, one 2-bedroom +den/1-bath unit and three 1-bedroom/1-bath units. Each unit boasts contemporary kitchens equipped with white "slow-close" shaker cabinets, sleek quartz countertops, designer tiled backsplashes, and stainless-steel appliances. The bathrooms are equally impressive, featuring new modern-themed vanities, designer tiled shower enclosures, lighted mirrors, and other high-end finishes. New hardwood luxury vinyl flooring spans throughout each unit, enhancing the clean and sophisticated feel. Additionally, all units have been updated with new windows, doors, and exterior lighting, ensuring energy efficiency and security. Each unit has interior laundry. Residents will appreciate the ample onsite shared garage parking with brand-new electric doors, as well as the outdoor patio area beautifully framed by lush planter boxes. Each unit is individually metered for gas and electricity, providing convenience and autonomy. Don't miss the chance to own this exquisite turnkey property in one of Redondo Beach's most desirable neighborhoods. WWW.2600MATHEWS.COM
Discover this well-maintained 8-unit property located in North Redondo. Situated on a spacious 7,504 SF lot, this property offers a total of 5,090 SF of living space, with a mix of (2) 2-bed/1-bath units and (6) 1-bed/1-bath units. Priced at an attractive $343,750 per unit, the property boasts a strong income with a 4.45% CAP rate and a 14.56 GRM on current rents. It also has very strong upside potential with 25% rental upside and a market cap of 5.94%. Altogether, this is an excellent investment opportunity in a desirable, beach city location, perfect for those looking to capitalize on the steady rental market in this sought-after area w/ long term appreciation potential.
Courtesy: Vista Sotheby’s International Realty
Discover 18508 and 18510 Mansel, a duplex nestled in a highly walkable and bikeable neighborhood, with excellent transportation options nearby making it a desirable place to call home. Each unit boasts its original charm, offering a unique opportunity for customization to your personal taste. They both feature 2 spacious bedrooms and 1 bathroom, providing comfortable living spaces. Enjoy the convenience of a shared 2-car garage and ample driveway parking as well as a shared backyard area, perfect for outdoor activities or relaxation. Ideally situated in a vibrant community, this property is within easy reach of local shops, restaurants, and parks, including El Nido Park & RC Track, a 4.8 acre park that has softball and basketball facilities plus a playground and a meeting room. This duplex presents a fantastic investment opportunity with potential for rental income or multi-generational living. Don't miss out on this rare find in an unbeatable location.
Discover 2214 Grant Ave, an exceptional four-unit income property in the heart of Redondo Beach. Unit #1 is a unique, front-facing townhouse with 4 bedrooms, 2.5 baths, a balcony, and a private yard. Complementing this are two 2-bedroom, 1.5-bath units, each with private yard space, and a charming 1-bedroom, 1-bath unit with an outdoor deck. Each unit comes with private laundry and access to one of four separate garages. Ideally situated near vibrant restaurants, shops and within the esteemed Redondo Beach Unified School District. This property is ideal for both owner-users and investors seeking reliable cash flow.
Great potential for this 9-unit property located at 1311 Amethyst St. This prime income producing property is located just East of the Redondo Beach Harbor. Walking distance to shops & restaurants. All electric with separate meters, common on-site laundry & 9 car parking. Possible ADU opportunity. Buyer to cooperate with Seller's 1031.
Redondo Beach is located in California. Redondo Beach, California has a population of 70,998. Redondo Beach is more family-centric than the surrounding county with 40.67% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Redondo Beach, California is $123,874. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Redondo Beach is 39.8 years.
The average high temperature in July is 75.6 degrees, with an average low temperature in January of 48.5 degrees. The average rainfall is approximately 13.7 inches per year, with 0 inches of snow per year.
