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-… Read More 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. Read Less
Property listed by Thompson Team Real Estate, Inc., Joseph Nuzzolo 310-922-2229
Listing Snapshot
Days Online
68
Last Updated
Property Type
Apartment
Lot Size
0.22 Acres
Year Built
1956
MLS Number
SB25082617
30 Days Snapshot Of 90278
$1.49M
-1%
(avg) sold price
29
-9%
homes sold
65
+8%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1956, Building area total: 3,708, 3 buildings, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Curbs
Expenses
Insurance expense: $12,000, New taxes expense: $31,250, Operating expense: $25,000, Water sewer expense: $1,200
Garage
5 spaces
Income
Gross income: $120,600, Net operating income: $64,350
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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