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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.
Property Type(s):
Residential Income
| Last Updated | 8/20/2025 | Year Built | 1963 |
|---|---|---|---|
| Community | 155 - S Redondo Bch N of Torrance Bl | Garage Spaces | 5.0 |
| County | Los Angeles |
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 |
Location
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Listed with Lyon Stahl Investment Real Est
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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