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702 S Pacific Coast Hwy
Redondo Beach, CA 90277 Redondo Beach

$2,049,999 USD

Multifamily For Sale  •  2,936 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 2,936 SF
  • Lot Size 0.2 AC
  • Year Built 1943
  • Cap Rate 4.18 %
  • Zoning RBRH-1
30 Transit Score
60 Walk Score

Highlights

Outstanding Owner-User Opportunity: Fourplex with a 2- bedroom unit delivered vacant, ideal for an owner-user.
Premier South Redondo Location: Just blocks from Pacific Ocean, the Redondo Beach Pier, and King Harbor, and less than 1 mile from Riviera Village.
Expansive Lot with ADU Potential: Property is situated on a large 8,512-SF lot which presents strong opportunity to add ADUs.
Landlord Only Responsible for Water Expense: Tenants pay electricity, gas & trash expenses.
No Local Rent Control (AB 1482 Only): Not subject to local rent control, allowing for attractive annual rent increases.
Ample Parking: Four garages plus 2 additional surface spaces.

Financial Summary (Actual)

Net Operating Income: $85,768 USD (2025)
Cap Rate: 4.18 %
Total Expenses: $36,161 USD

Amenities

  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Los Angeles International 18 min - 9.0 mi
Long Beach (Daugherty Field) 24 min - 15.6 mi
Bob Hope 50 min - 35.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: Surface
Included in Rent: Yes
Gianluca Jacoli 510-708-2662 Shield Commercial Real Estate
Gianluca Jacoli 510-708-2662 Shield Commercial Real Estate