Active
$2,499,000
5 Units
6 Beds
5 Baths
3,708 Area(sq.ft.)
Lot: 9,617 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,450 | $ 2,450 | $ 2,450 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,400 | $ 1,400 | $ 1,400 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,250 | $ 2,250 | $ 2,250 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,650 | $ 1,650 | $ 1,650 |
| Unit 5 | 1 | 1 | 1 | No | $ 2,300 | $ 2,300 | $ 2,300 |
| 5 | 6 | 5 | $ 10,050 | $ 10,050 | $ 10,050 |
| MLS #: | SB25082617MR |
| Days On Market: | 221 |
| Listing Date: | April 28, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 674 |
| Price per unit: | $ 499,800 |
| Year Built: | 1956 |
Property Details
Thompson Team Real Estate is proud to offer this rare opportunity to own a meticulously maintained 5-unit apartment complex located in the heart of Redondo Beach one of Los Angeles' most sought-after beach communities. This trophy asset consists of three separate buildings and offers a desirable unit mix of spacious 1- 2-bedroom, 1-bath unit and 4 1 bedroom, 1 bath units each with excellent natural light and functional layouts. Each unit is paired with its own single-car garage space (5 total), providing valuable off-street parking. The property is professionally managed, fully occupied, and enjoys exceptionally low tenant turnover, making it a stable and reliable investment. Situated in an area known for its award-winning schools, walkability, and close proximity to the beach, shopping, dining, and major employment centers, this property offers strong long-term fundamentals. With some rental upside and low annual operating expenses, this is a prime value-add opportunity for investors seeking growth in a premier coastal location. Don t miss the chance to own a rare, turn-key asset in a high-demand rental market.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 56,250 |
| Net Operating Income: | $ 64,350 |
Structure
| Community Features: | Curbs |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | RBR-3 |
| Land Lease Type: | Fee |
Interior
| Laundry: | Other |
Exterior
| Pool: | No |
Detailed Map
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Income
