Marcus & Millichap is pleased to present the opportunity to acquire a turnkey fourplex in Redondo Beach, a coastal South Bay submarket with consistent rental demand and convenient access to beaches, retail, dining, and major freeways. The property has been extensively remodeled and offers a strong unit mix consisting of one four-bedroom/three-bathroom unit, two two-bedroom/two-bathroom units, and one two-bedroom/one-bathroom unit. Current rents provide approximately nine percent rental upside, offering investors an opportunity to increase income through future lease turnover. 2118 Carnegie Lane features completely remodeled interiors with vinyl plank flooring, quartz countertops, stainless steel appliances, updated cabinetry, modern fixtures, and stacking laundry units. The property also boasts rooftop decks, garages with EV charging capability, storage, security features, a new roof, repaved driveway, and more. This offering presents an opportunity to acquire a pride-of-ownership asset in a highly desirable coastal rental market.
Prime Hollywood Riviera Location: 6-unit apartment located just two blocks from Torrance Beach, the Pacific Ocean, and within a few blocks of Riviera Village. Recent Capital Improvements: All new electrical panels and wiring (2025), updated plumbing drains (2024), and recent exterior and landscaping improvements. Outstanding Unit Mix: Comprised of (2) 2-bedroom/2-bathroom units, (2) 2-bedroom/1-bathroom units, and (2) 1-bedroom/1-bathroom units, with one of the 2-bedroom units delivered vacant. Desirable Property Amenities: Individual hot water heaters for each unit, six carport parking spaces, and a spacious, landscaped common area front yard. Large 8,747-SF Lot: Expansive parcel offering desirable ADU potential (Buyer to Verify). Strong Value-Add Opportunity: Rents are approximately 40% below market, equating to a 5.26% pro-forma cap rate and 13.67 pro-forma GRM, making this an ideal owner-user or long-term investment opportunity with no local rent control (AB 1482 only).
Exceptional investment opportunity in desirable North Redondo Beach! This well-located fourplex is ideally situated just minutes from the South Bay's renowned beaches, The Strand, Redondo Beach Pier, Hermosa Beach, and Manhattan Beach. Residents enjoy convenient access to a wide variety of shopping, restaurants, coffee shops, parks, and everyday amenities. The property offers excellent commuter access to major freeways and is just a short drive from LAX and many of the region's major employment centers. Located within the highly regarded Redondo Beach Unified School District, this prime location continues to attract strong rental demand from those seeking the best of South Bay coastal living. Whether you're expanding your investment portfolio or seeking a well-positioned income property, this fourplex offers an outstanding opportunity in one of the South Bay's most sought-after rental markets. Buyer to verify all information and satisfy themselves regarding property condition, schools, zoning, permits, and all other matters affecting the property.
Just one block from Pacific Coast Hwy, this charming duplex offers an exceptional investment or owner-occupant opportunity in the highly desirable South Redondo Beach community. The property features two separate buildings, each with two bedrooms and one bathroom providing privacy and flexibility. The front unit boasts of custom updates, while the back unit offers the opportunity to add your own touches. Enjoy the west facing front deck on the front house along with the convenience of a detached two-car garage. Ideally situated close to shopping, dining and the beach, this property combines coastal living with everyday convenience.
We are pleased to present 1710 Esplanade, a rare opportunity to acquire a stabilized beachfront income property featuring seller financing at 3.50% interest-only with 50% down—a financing structure well below today's conventional multifamily rates that offers investors meaningful cash flow savings and enhanced leveraged returns. Comprising eight panoramic ocean-view units across two levels, the property benefits from historically strong rental demand, affluent tenant demographics, and immediate proximity to the South Bay's premier lifestyle and employment hubs. The interiors feature exposed-beam ceilings, custom cabinetry, stone countertops, and stainless steel appliances. Capital improvements include advanced sub-floor soundproofing, dual-pane windows, upgraded security access gates, communal courtyard with a commercial-grade BBQ, and dedicated garages. Positioned just steps from the beach and an easy walk to the dining, shopping, and entertainment of the Riviera Village. 1710 Esplanade offers a rare combination of irreplaceable beachfront real estate, stable income, and below-market seller financing that is seldom available in today's investment market. Flanked by Manhattan Beach and Hermosa Beach to the north and the Palos Verdes Peninsula to the south. The South Bay coastal lifestyle needs little introduction: nearly 300 days of sunshine annually, The Strand connecting three of LA’s most coveted beach communities, and a walkability and outdoor culture that tenants actively seek and rarely leave. The Beach Communities multifamily submarket reflects this demand, commanding average asking rents more than 15% above the Greater Los Angeles metro average, sustained by one of the most supply-constrained development pipelines in the region.
Two blocks from the ocean in prime South Redondo, this remodeled detached duplex offers a rare setup: two separate homes on one lot, each with its own sense of privacy. The front unit is a stand-alone house with a front porch and grassy lawn. Inside, it lives bright and open, with a modern kitchen, three bedrooms and two bathrooms, including a large primary suite. The back unit sits behind a manicured grassy courtyard and has its own entrance from the alley, with two bedrooms, one bathroom, mini-split A/C, dual-pane windows, and a separate laundry room adjacent to the garage. Live in the front house and let the back unit help carry the mortgage. Ideally located moments from the beach, award-winning schools, and the area's best dining and shopping, this move-in ready duplex blends the South Redondo beach lifestyle with real flexibility.
West of Pacific Coast Hwy and just 2 blocks from the beach this property is filled with opportunity. This versatile property offer endless potential, may it be owner-occupied, strictly rental income, or development possibilities. Tax records reflect a 2 bedroom, 1 bathroom house with 1,008 sq feet but the property holds an additional 3 non-conforming units consisting of a studio and 2 units that are 1 bedroom and 1 bathroom. The detached bungalow style units have no adjoining walls and a shared laundry on site. All units have been partially updated.
Welcome to 1302 Amethyst Street, a beautifully reimagined four-unit property tucked on a quiet cul-de-sac in the heart of South Redondo Beach. This is a rare turnkey offering just minutes from the sand, the Redondo Beach Pier, and the best dining the South Bay has to offer. Vons is a block away, top-rated schools are within walking distance, and the 405 and LAX are both an easy drive. The building has been fully renovated and upgraded from top to bottom, delivering a premium, modern living experience across all four residences. Every unit showcases designer interior finishes including luxury vinyl plank flooring, custom soft-close cabinetry, and waterfall-edge quartz countertops. The kitchens are chef-inspired with brand-new energy-efficient stainless steel appliances and designer range hoods, while the bathrooms feature modern tiled tub and shower enclosures, new fixtures, and built-in linen storage. Every unit includes in-unit laundry, smart home features like Nest cameras and keyless entry, custom window coverings, and upgraded electrical, with added built-in storage throughout. The unit mix is ideal: one spacious 4-bed/2-bath townhome-style residence, two 2-bed/2-bath units, and one 1-bed/1-bath unit. The four-bedroom home lives like a private residence, with direct access to a two-car garage plus storage, a private enclosed patio, and a fireplace. Three additional private one-car garages serve the remaining units, and every residence enjoys top-floor placement for added privacy and natural light. Originally built in 1963 and fully reimagined in 2026, this is a true trophy asset with no local rent control and strong near-term income upside. Properties like this, in one of Southern California's most coveted coastal neighborhoods, make some of the best long-term holds available. See the offering memorandum for full details on rents and expenses.
This is a rare opportunity to acquire a six-unit apartment building in the desirable North Redondo Beach rental market. Situated on a 7,500 square foot lot, this 4,957 square foot multi-family property offers a desirable mix of units, strong emplaced income, and significant long term upside. The property features an onsite laundry facility, enclosed garage parking, and a history of strong tenant demand. Located just minutes to the beach, major employment centers, shopping, dining, and award winning schools. Investors will appreciate the combination of current cash flow, rental growth potential, and the stability of an established multi-family asset.
Rare income property that doesn't feel like one. Each of the three residences lives more like its own single-family home, offering generous layouts, private living spaces, and character rarely found in today's rental market. Ideal for investors, owner-occupants, or those seeking cash flow and future upside, this versatile property offers exceptional flexibility. The front residence is a charming single-story 2-bedroom, 1-bath cottage with original hardwood floors, vintage built-ins, the original fold-away ironing board, and off-street parking for two vehicles. Beneath Units A and B is a 1,000-square-foot basement with community laundry, tenant storage, and a separate room with a half bath and shower head already installed. With the shower pan and tile work left unfinished, it offers an easy opportunity to complete a full bath and potential for an ADU or fourth income-producing unit, buyer to verify. Built in 1994, the middle residence lives like a 3-bedroom, 2-bath with two bedrooms plus an office. Vaulted ceilings with exposed wood beams, an open living, dining, and kitchen area for entertaining, built-in library shelving, private patio, slight ocean peek, and two covered carport spaces complete the home. Privately tucked away at the rear, the largest residence is a spacious two-story 3-bedroom, 3-bath that lives like a 4-bedroom. The flexible floor plan offers a main-level primary suite, additional bedroom and bath, spacious living and dining areas, rear deck, private yard, attached 3-car garage, and an upstairs loft with another bedroom, bath, open living area, and peek-a-boo ocean views. The attached garage also features a full-width rear workspace, originally used as the owner's office, that houses the washer and dryer and is accessible from the garage and backyard through French doors. Each residence is separately metered for gas, water, and electricity, has forced-air heat, and is protected by a residential fire sprinkler system extending throughout the residences, garages, carports, and basement. Generating approximately $12,000 per month in gross rental income, the property offers immediate cash flow with additional upside through future rent growth and the potential basement conversion, buyer to verify. Parking for up to seven vehicles adds to its rental appeal. Located just six short blocks from the Redondo Beach Pier, King Harbor, the beach, residents enjoy ocean breezes, waterfront dining, shops, parks, bike paths, and the South Bay lifestyle.
Two detached homes on one lot! We are pleased to present a rare two-on-a-lot opportunity in one of the South Bay's most desirable residential pockets. Two detached structures, each with its own private courtyard and garage, offer a level of separation and privacy that a home buyer dreams of at a rare price point. The vacant front home - a beautifully remodeled 3-bedroom, 2-bath - is move-in ready for an owner/user or can be delivered at market rent from day one. The rear 2-bedroom, 1-bath unit provides immediate income to offset your mortgage costs for a young family. The lot also accommodates an ADU, creating a clear path to a third income stream and meaningful upside on long-term asset value. Another huge perk, this home is located directly across the street from the very large and quiet El Nido Park. With a playground for young kids, tons of grass, and a baseball field. Your home comes with the biggest yard a kid can dream of. The park also offers endless parking for your guests for hosting bbq's and parties. Whether you're looking to live in one unit and offset your mortgage, house two generations under one roof, or add a stabilized asset to your portfolio - this property delivers on all fronts.
We are pleased to present 622 South Pacific Coast Highway, a rare triplex investment opportunity located in the heart of South Redondo Beach. This pride-of-ownership asset offers investors the unique combination of stable current income and substantial future upside through the potential addition of up to three Accessory Dwelling Units (ADUs) (Buyer to verify). Ideally positioned just moments from the vibrant Riviera Village, tenants enjoy convenient access to an abundance of restaurants, boutique shopping, entertainment venues, and some of Southern California's most desirable beaches. The property's premier South Redondo location continues to benefit from strong rental demand driven by its coastal lifestyle, excellent schools, and proximity to major employment centers throughout the South Bay. With limited multifamily inventory available in South Redondo Beach and increasing demand for housing in the area, 622 South Pacific Coast Highway presents a compelling opportunity for investors seeking a well-maintained coastal asset with meaningful value-add potential and long-term appreciation prospects.
THIS IS A DUPLEX - Located in the highly sought-after El Nido neighborhood of Redondo Beach/Torrance border, this exceptional duplex presents a rare and compelling investment opportunity. Both units are beautifully maintained, thoughtfully updated, and have generous living space—making them ideal for both owner-users and investors alike. The front residence features 3 bedrooms + an Office (formerly the 4th bedroom) and 2 bathrooms, complemented by a large living room, open kitchen with granite countertops, stainless steel appliances, and abundant cabinetry. Updated bathrooms, tile, and carpet flooring enhance both comfort and functionality. The rear unit offers 3 bedrooms, 2 bathrooms, a large Storage/Laundry room, and a Private Yard. Upgraded kitchen and refreshed baths. Each unit enjoys ample communal living areas, newer windows, oversized closets, and an outdoor patio with BBQ space—perfect for relaxing or entertaining. The single-level layout adds convenience and ease of access, while three separate one-car garages + 3 additional open spaces parking spots provide extra parking and storage. Units have no shared walls (only a connected roofline), Artificial Turf, and a painted exterior; this property delivers both privacy and curb appeal. Whether you choose to live in one unit and generate rental income from the other, or lease both, this turnkey property is ready for you. Long-Term Tenants
Corner lot investment opportunity in the desirable North Redondo Beach area! This professionally managed property consists of six fully occupied 2-bedroom 1 bath units, all of which have been upgraded in the past. Each unit has a single parking spot inside shared garages, with the ability to park another car tandem in the driveway. Furthermore, behind each garage parking spot is a laundry hook up for each unit! The property has also been recently upgraded with a new electric main panel and subpanels, a newer roof, and a deck replacement. The property is within a highly rated school district and offers easy access to the 405 freeway and major aerospace industries. Tenants enjoy living in close proximity to an array of beaches, piers, parks, and shopping & dining options.
Investment opportunity, well maintain four unit apartment building located in between the prime Redondo Beach and Manhattan Beach. Totalbuilding size is approximately 5,186 Sq.Ft. on a 7,500 lot size. The front unit has 3 Bed+Den+2 Bath+ back yard and other three units have 2 Bed+1 Bath and its own back yard. Separately metered for gas and electricity. There are three 2 car garages and one 1 car garage. Please do not disturbthe tenants and Interior showing is accepted offer only. Seller is motivated.
Prime North Redondo Beach. Total of 9 bedrooms and 8 full baths. Located on a quiet street near hermosa and Manhattan Beach.
This well-located fourplex offers a premier investment opportunity in the highly sought-after South Redondo Beach market, situated approximately one mile from the Redondo Beach Pier, King Harbor, and the Pacific Ocean. The property provides tenants with convenient access to an abundance of coastal dining, retail, and lifestyle amenities. The asset features an attractive unit mix of (1) 4-bed/1.75-bath front unit, (2) 2-bed/1.75-bath units and (1) 1-bed/1-bath unit. From an investment standpoint, the property offers a compelling financial profile with a 4.34% current cap rate and 15.70 GRM, along with significant upside to a 6.02% pro-forma cap rate and 12.35 GRM. Not subject to local rent control (AB 1482 only), the asset allows for consistent and favorable rent growth. The all-electric configuration eliminates gas expenses and supports an efficient operating structure with minimal expenses. Additional features include five garage spaces providing ample garage parking for tenants. The property also boasts strong curb appeal with a recently painted exterior and new landscaping. The asset also qualifies for residential financing, expanding buyer's financing options and offering access to more attractive loan terms.
ANOTHER $200K PRICE REDUCTION! 4.5% CAP. TR WEALTH is pleased to present a rare opportunity to acquire a 10-unit trophy multifamily asset located in South Redondo Beach / Hollywood Riviera submarket. The addresses are 124-128 Palos Verdes Blvd totaling 9,914 sf with similar floor plans and ocean views. The property is two separate APN (Parcels) with 5 units each forming a central courtyard. Perched in a premier coastal setting, this asset has ocean views, offering a generational investment that attracts tenant demand. There are 10 Garages and 10 tandem spaces. A desirable unit mix of 9 large 2-bedrooms, 1 bathroom & 1 2-bedroom, 2 baths units offering 975 rentable area and spacious & functional layouts makes tenants want to reside here. With $800,000 in capital improvements, including fully remodeled interiors, upgraded plumbing and electrical systems, new subpanels, modern appliances, and extensive interior and exterior enhancements delivers a turnkey investment with minimal deferred maintenance. The property has 8 of 10 units remodeled as new and has future upside with renovations for 2 units and stabilization of the rents to market value. The price is supported by a conservative expense ratio and efficient management. A RUBS program is in place & tenants pay gas for hot water heater in units. The asset is not subject to local rent control, providing investors with flexibility to capture future rent growth in a strong and stable rental market. AB1482 State Rent Control only. Located just minutes from Riviera Village, tenants benefit from immediate access to premier dining, retail, and coastal amenities, as well as proximity to the Redondo Beach coastline, parks, and recreation. The property also offers convenient connectivity to Pacific Coast Highway and major South Bay employment centers, including Torrance, El Segundo, and the greater aerospace and technology corridor. Positioned within a high-income coastal community characterized by limited multifamily supply and strong historical appreciation, this offering presents a unique opportunity to acquire an irreplaceable asset with both stable in-place cash flow and long-term upside. Additional value-add potential exists through the possible conversion of two garage spaces into accessory dwelling units (ADUs). This is an ideal acquisition for investors seeking a high-quality, low-maintenance coastal asset in one of Southern California’s most supply-constrained and desirable rental markets.
2220 Huntington Avenue, Redondo Beach, CA offers an exceptional opportunity to acquire a well-positioned four-unit income property in the heart of the South Bay. Encompassing approximately 4,917 square feet of living space, this asset features generously sized units designed to attract long-term, high-quality tenants. The property includes one spacious three-bedroom, two-bathroom unit, along with three additional two-bedroom, two-bathroom units, providing an ideal and highly desirable unit mix for today’s rental market. Each residence offers comfortable layouts with ample living space, enhancing both tenant appeal and retention. Located in Redondo Beach, the property benefits from a prime coastal setting with convenient access to beaches, parks, schools, shopping, dining, and major commuter routes. This sought-after location consistently drives strong rental demand, making the property a reliable and attractive investment. With its combination of size, unit mix, location, and income potential, 2220 Huntington Avenue represents a solid addition to any investment portfolio and a rare opportunity to own a premier multi-unit property in one of the South Bay’s most desirable communities. Please do not disturb tenants.
***Price Reduced $155,000***This 7-unit apartment community offers investors desirable amenities and an exceptional location within Redondo Beach in the South Bay. The property features a diverse unit mix of three, two & onebedroom units with functional layouts that consistently attract long-term tenants. Residents benefit from onsite laundry and individual garages. The residences in the rear further distinguish themselves with select townhouse units and large private patios, offering a more spacious, modern living experience. This combination of location, design, and amenities ensures strong renter demand and positions the property for substantial rent and income growth as units are modernized and brought to market levels. • 6 of 7 units have been renovated to different states that include: new plumbing, electrical panels, kitchens, bathrooms, flooring, and hardware. • Demand Tailwinds: The severe monthly cost differential between renting ($3,550 avg.) and owning ($11,248 avg.) in Redondo Beach underscores ongoing renter demand, especially among workforce households priced out of homeownership. • Proven Rent Growth: Historical rent growth in Redondo Beach has been both strong and resilient, with continued increases forecast through the end of the decade. • With affordability challenges driving sustained renter demand, and historical trends pointing toward ongoing rent appreciation, Park Promenade provides investors a compelling opportunity for both near-term value creation and long-term growth. • 100% occupied. well-managed, & maintained • Individual garages & select private patios • Excellent unit mix of 3, 2 & 1 bedroom units • New electrical panels
Hard to come by property with opportunity for owner occupants to live in the larger unit while collecting income from the second unit, or perfect for multi-generational family living. Chance to own with historically proven long-term appreciation potential of coastal Southern California property. Close to award winning schools, dining, shopping, entertainment, and, of course, the beach! Downstairs unit is 2bd/2bath, 1128SF, updated beautifully, including a new kitchen and bathrooms. Upstairs unit is 3bd/2bath, approx 1828SF; principle en suite bedroom with 1.75bath, with beautifully redone large shower. Each unit is paired with private garage parking: a 2-car garage for the larger upstairs unit and a 1-car garage for the smaller downstairs unit. Both units have private laundry with updated washer/dryer, as well as large PV stone fireplaces as the centerpiece of each respective living room. Downstairs unit has a large deck with access to a private backyard. There is a large basement housing newer water heaters, downstairs forced air heating unit and is also great for storage. Upstairs unit has large ocean-view balcony spanning the length of the property. The building was re-roofed in 2024 and, in 2025 was freshly painted and new gutters installed. Both units are currently rented on short term leases, giving the new owner the option of continuing to rent out or move into one of the units.
This exceptional 11-unit apartment building is being offered for the first time in over 30 years and is located just one minute from the ocean in one of Southern California’s most prestigious and highly sought-after beach communities. The property features a balanced unit mix of 5 two-bedroom/one-bath units, 5 one-bedroom/one-bath units, and 1 studio unit, with all units occupied except the studio, ensuring strong and stable tenancy. Investors will appreciate 10 attached garage spaces with alley access, individually metered utilities for each unit, and the absence of city rent control, providing both efficiency and flexibility in operations. With a pro forma cap rate of approximately 3% and an unbeatable location that ensures consistent long-term demand, this asset presents a once-in-a-lifetime opportunity to acquire a generational trophy property in one of Southern California’s best-performing coastal markets.
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.
