108 N Broadway, Redondo Beach, CA 90277 (MLS # 25539699)

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PRICE $2,295,000 dsIDX morgage calculator
BEDS 4
BATHS 5
HOME SIZE 4,352 sqft
LOT SIZE 7,610 sqft

This six-unit apartment building, located in the highly desirable South Redondo Beach (west of PCH and near the coast), presents a compelling investment opportunity. Offered at an attractive $382,500 per unit, the property boasts a solid 5.02% current cap rate and a 13.96 GRM. With three units to be delivered vacant, new ownership has an immediate opportunity for owner-occupancy or to renovate and achieve market rents, driving the pro-forma cap rate to an impressive 6.03%. The diverse unit mix, coupled with a substantial 7,608-SF lot and the absence of local rent control (defaulting to AB 1482), further enhance the value-add potential of this generational asset in a prime coastal location.

DAYS ON MARKET 1 LAST UPDATED 5/16/2025
YEAR BUILT 1906 COMMUNITY S Redondo Bch W of PCH
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA S Redondo Bch W of PCH
GARAGE Assigned, Garage, Uncovered, Yes
LOT 7608 sq ft
PARKING Assigned,Garage,Uncovered
STORIES 2
ZONING RBR-3A
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Listed with Shield CRE, Inc.

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