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.
Details
MLS #
SB25228698
Listing Type
For Sale
Style
Condominium
Sub-Type
Resale
Status
Active
Year
1951
Days On Site
335
Listing Provided By
Thompson Team Real Estate, Inc. | Joseph Nuzzolo
Features
SQ Feet
7,584
Garage
10
Story(s)
2
Units
11
Building(s)
4
Acreage
0.35
Exterior
Lot Features
Zero To One Unit Acre
Parking
Parking Features
Garage Faces Rear
Garage Yes / No
Yes
Utilities
Sewer
Public Sewer
Location
Community Features
Curbs
Area Information
State
CA
County
Los Angeles
City
Redondo Beach
Zip Code
90277
Area
157 S Redondo Bch W of PCH
Sourced by Back At You
MLS#: SB25228698 Listed By: Joseph Nuzzolo - Thompson Team Real Estate, Inc. - 3104932177-
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MLS#: SB25228698 Listed By: Joseph Nuzzolo - Thompson Team Real Estate, Inc. - 3104932177-
