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This exceptional fourplex presents a desirable owner-user opportunity in the highly sought-after South Redondo Beach market. The property features a vacant 2-bedroom unit - ideal for an investor looking to live on-site while generating supplemental rental income. Situated just blocks from the Pacific Ocean, the Redondo Beach Pier, and King Harbor, and less than one mile from Riviera Village, the property offers unparalleled access to premier coastal amenities, dining, and retail. Set on a spacious 8,512-square-foot lot, the asset also provides significant upside potential through the addition of ADUs, allowing a buyer to further enhance cash flow and long-term value (Buyer to verify). The property benefits from a highly attractive operating profile, with tenants responsible for electricity, gas, and trash expenses while the landlord is only responsible for water, helping to minimize operating expenses. Not subject to local rent control and governed solely by AB 1482, the asset allows for favorable annual rent increases. Additional features include ample on-site parking with four garages and two surface spaces, as well as eligibility for residential financing, broadening the buyer pool and offering more competitive loan terms. With a strong 4.18% current cap rate and 16.31 GRM, along with a 4.77% pro-forma cap rate and 14.86 GRM, this investment offers both stable in-place income and meaningful upside potential.
Property Type(s):
Residential Income
| Last Updated | 4/8/2026 | Year Built | 1943 |
|---|---|---|---|
| Community | 156 - S Redondo Bch S of Torrance Bl | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AREA | 156 - S Redondo Bch S of Torrance Bl |
|---|---|
| GARAGE | Yes |
| LOT | 8512 sq ft |
| LOT DIMENSIONS | 8512 |
| PARKING | Assigned, Garage |
| STORIES | One, Two |
Location
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Listed with Shield CRE, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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