CA > Redondo Beach
Redondo Beach, CA 90277,108 N Broadway
Redondo Beach, CA 90277,108 N Broadway
Redondo Beach, CA 90277,108 N Broadway
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$2,295,000
Est. payment /mo
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4 Beds
5 Baths
4,352 SqFt
Active Under Contract

108 N Broadway Redondo Beach, CA 90277

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Jennifer D. Holmes

Jennifer D. Holmes

+1(214) 600-2972

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,352 sqft

Price per Sqft $527

MLS Listing ID 25539699

Bedrooms 4

Year Built 1906

Annual Tax Amount $28,688

Lot Size 7,608 Sqft

Acres 0.1747

Property Sub-Type Multi-Family

Property Description

This six-unit apartment building, located in the highly desirable South Redondo Beach (west of PCH and near the coast), presents a compelling investment opportunity. The property is deemed historic (designated landmark). Offered at an attractive $382,500 per unit, the property boasts a solid 5.02% current cap rate and a 13.96 GRM. With three units to be delivered vacant, new ownership has an immediate opportunity for owner-occupancy or to renovate and achieve market rents, driving the pro-forma cap rate to an impressive 6.03%. The diverse unit mix, coupled with a substantial 7,608-SF lot and the absence of local rent control (defaulting to AB 1482), further enhance the value-add potential of this generational asset in a prime coastal location.

Location

State CA

County Los Angeles

Area S. Redondo Beach South Of Pch

Zoning RBR-3A

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Assigned, Garage, Uncovered

Garage Spaces 6.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Shield CRE, Inc.

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Jennifer D. Holmes

Global Real Estate Advisor

+1(214) 600-2972

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108 N Broadway

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