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319 N Gertruda Ave
Redondo Beach, CA 90277 Redondo Beach

$1,650,000 USD

Apartments For Sale  •  2,996 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,669 SF
  • Lot Size 0.13 AC
  • Building Class C
  • Year Built 1912
  • Cap Rate 5.24 %
  • Zoning R3, Los Angeles
40 Transit Score
70 Walk Score

Highlights

Prime South Redondo Beach Location: Desirable coastal asset located within a few blocks of Redondo Beach Pier, King Harbor, and the Pacific Ocean.
Significant Property Tax Advantage: Property is enrolled in the Mills Act program, providing reduced annual property taxes.
5.24% current cap rate and 13.78 GRM with upside to a 6.09% pro-forma cap rate and 12.22 GRM.
Exceptional Intrinsic Value: Priced at only $330,000 per unit. | Large Coastal Parcel: Situated on a 5,724-SF lot.
Charming Units: Character-rich interiors feature hardwood floors, crown molding and classic architectural details.
ADU Potential: Possible opportunity to add ADU(s); buyer to verify zoning, feasibility, and permitting with local authorities.

Financial Summary (Actual)

Net Operating Income: $86,409 USD (2025)
Cap Rate: 5.24 %
Total Expenses: $30,457 USD

Public Transportation

AirportDriveWalkDistance
Los Angeles International 16 min - 7.9 mi
Long Beach (Daugherty Field) 24 min - 15.7 mi
Bob Hope 50 min - 34.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 5
Type: Surface
Included in Rent: Yes
Gianluca Jacoli 510-708-2662 Shield Commercial Real Estate
Gianluca Jacoli 510-708-2662 Shield Commercial Real Estate