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$ 2,499,000
Est. payment | /mo
9,618 Sqft Lot
$ 2,499,000
Est. payment | /mo
9,618 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25082617
HOA Y/N No
Year Built 1956
Lot Size 9,618 Sqft
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Los Angeles
Area 153 - N Redondo Bch/El Nido
Zoning RBR-3
Interior
Fireplace No
Laundry See Remarks
Exterior
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4157003025
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Joseph Nuzzolo • Thompson Team Real Estate, Inc. • 310-922-2229