Redondo Beach, CA 90277
$3,495,000
Mark Quesada
Broker / Owner
DRE #02101365
Prime Hollywood Riviera Location: 6-unit apartment located just two blocks from Torrance Beach, the Pacific Ocean, and within a few blocks of Riviera Village. Recent Capital Improvements: All new electrical panels and wiring (2025), updated plumbing drains (2024), and recent exterior and landscaping improvements. Outstanding Unit Mix: Comprised of (2) 2-bedroom/2-bathroom units, (2) 2-bedroom/1-bathroom units, and (2) 1-bedroom/1-bathroom units, with one of the 2-bedroom units delivered vacant. Desirable Property Amenities: Individual hot water heaters for each unit, six carport parking spaces, and a spacious, landscaped common area front yard. Large 8,747-SF Lot: Expansive parcel offering desirable ADU potential (Buyer to Verify). Strong Value-Add Opportunity: Rents are approximately 40% below market, equating to a 5.26% pro-forma cap rate and 13.67 pro-forma GRM, making this an ideal owner-user or long-term investment opportunity with no local rent control (AB 1482 only).
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$25,794/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
Pick a day and time — Mark will confirm your private tour.
Construction
Lot & parking
Listed by Jonathan Nikfarjam, Shield CRE, Inc.
MLS# 26868125 · Active
$1,675,000
Median sale price
43 days
Avg days on market
99.8% of list
Sells for
Closed sales in 90277 over the last 6 months, all home types.
Actual closed sales from the MLS — not estimates.
History reflects records reported to the MLS and may be incomplete.
