1314 Agate Street, Redondo Beach, CA 90277 (MLS # PW25187495)
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Ask About Potential Assumable Financing Available at 3.95%** 1314 Agate St is a well-positioned 4-unit apartment building in the highly desirable South Redondo Beach neighborhood. Offering a strong unit mix of spacious units, the property provides functional layouts and classic coastal appeal, with significant value-add potential as rents are brought to market levels. This opportunity allows investors to capitalize on South Redondo's historically strong rental demand and consistent appreciation trends, while benefiting from a well-maintained asset. The property offers ample parking with (5) garage spaces and additional driveway parking, a highly sought-after feature in this beachside community. With a 4.30% CAP rate, 15.61 GRM, and a price of $537,500 per unit, the asset delivers strong in-place income with 21% rental upside. A projected 5.61% market CAP and 12.88 market GRM further highlight the property's long-term value once rents are adjusted to market. Well-located in South Redondo, the property is just minutes from the Redondo Beach Pier, Riviera Village, and the Strand"”offering tenants access to beaches, boutique shopping, dining, and year-round outdoor recreation. The location also provides excellent commuter access, just 7 miles south of LAX and 20 miles from Downtown LA, with top-rated schools in the Redondo Beach Unified School District. With its coastal proximity, strong appreciation potential, and value-add upside, this is an exceptional investment opportunity in one of LA's most in-demand coastal rental markets.
| DAYS ON MARKET | 11 | LAST UPDATED | 8/20/2025 |
|---|---|---|---|
| YEAR BUILT | 1963 | COMMUNITY | 155 - S Redondo Bch N of Torrance Bl |
| GARAGE SPACES | 5.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | 155 - S Redondo Bch N of Torrance Bl |
|---|---|
| GARAGE | Yes |
| LOT | 5541 sq ft |
| LOT DIMENSIONS | 5537 |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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