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213 S Francisca Ave
Redondo Beach, CA 90277 Redondo Beach

$1,625,000 USD

Multifamily For Sale  •  5,049 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 5,049 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1924
  • Cap Rate 4.89 %
  • Zoning RBR-3
0 Transit Score
92 Walk Score

Highlights

One unit delivered vacant, offering an ideal owner-user opportunity. | Premier South Redondo Beach Location: Situated just 4 blocks from the Sand.
Unit Mix of (1) 2-bed/1.75-bath House with front yard, (1) 2-bed/1-bath, (1) non-conforming 1-bed/1-bath & (1) studio/1-bath with back yard.
Large lot which includes storage, parking, and common areas for enjoying the outdoors. | No LA rent control, defaults to AB 1482.
4.89% current cap rate & 14.53 GRM. | Pro-forma cap rate of 6.29%.
Just a few blocks from the Redondo Beach Pier, Torrance Beach, and King Harbor. | Qualifies for residential financing!
Considered a generational asset with strong value-add potential.

Financial Summary (Actual)

Net Operating Income: $79,535 USD (2024)
Cap Rate: 4.89 %
Total Expenses: $28,985 USD

Amenities

  • Air Conditioning
  • Fireplace
  • Storage Space
  • Security System
  • Kitchen
  • Range
  • Walk-In Closets
  • Double Pane Windows
  • Freezer
  • Island Kitchen
  • Smoke Free

Public Transportation

AirportDriveWalkDistance
Los Angeles International 18 min - 8.4 mi
Long Beach (Daugherty Field) 25 min - 16.2 mi
Bob Hope 51 min - 35.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Surface
Included in Rent: Yes
Gianluca Jacoli 510-708-2662 Shield Commercial Real Estate
Gianluca Jacoli 510-708-2662 Shield Commercial Real Estate