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4118 Redondo Beach Blvd 4118 Redondo Beach Blvd

3 Unit Apartment Building $1,299,000 ($433,000/Unit) 4.55% Cap Rate Torrance, CA 90504

Investment Highlights

  • 3 - 2bed/1bath units
  • Private patios for downstairs units
  • El Camino College adjacent
  • washer/dryer hookups in units
  • 3 car garage, existing structure for ADU
  • Conveniently located near freeways and beaches of South Bay

Executive Summary

4118 Redondo Beach Blvd is a well-maintained triplex located in the northwest Torrance neighborhood of La Fresa, where only 45% of residents are homeowners. Built in 1953, the 2,432 square foot building sits on a 5,373 square foot lot and is comprised of (3) 2 bed/1 bath units. Each unit is equipped with washer/dryer hookups and has a dedicated one-car garage, both highly sought after amenities by today’s renter. Additionally, both ground floor units have their own private outdoor patio.
Conveniently located just three miles from the Pacific Ocean and less than a mile from the 405 freeway, tenants enjoy the convenience to both work and play. The property is in close proximity to numerous restaurants, shops, and entertainment, including the South Bay Galleria, which is set for a $900 million revitalization of the 29.85-acre site in North Redondo Beach.
Also nearby is the Del Amo Fashion Center, a 2.6 million square modern, upscale indoor/outdoor entertainment center and shopping mall. The shopping mecca is anchored by Nordstrom, Macy’s, Crate and Barrel, and JC Penney and includes high-end boutique stores like Hugo Boss, Kate Spade, Coach, and Tumi. The redevelopment focused on bringing in culinary and entertainment attractions. Popular restaurants include Din Tai Fung, Lucille’s Smokehouse BBQ and Lemonade. Dave and Busters opened a state-of-the-art facility that doubles the size of some of their other locations.

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $1,299,000
Price Per Unit $433,000
Sale Type Investment
Cap Rate 4.55%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 15.16
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Garden
Building Class C
Lot Size 0.12 AC
Building Size 2,532 SF
No. Stories 2
Year Built 1953
Parking Ratio 1.18/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 3 $2,323 -

zoning

Zoning Code R3
R3
  • Listing ID: 31074021

  • Date on Market: 2/28/2024

  • Last Updated:

  • Address: 4118 Redondo Beach Blvd, Torrance, CA 90504

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