702 S Pacific Coast Hwy, Redondo Beach, CA 90277
702 S Pacific Coast Hwy, Redondo Beach, CA 90277
702 S Pacific Coast Hwy, Redondo Beach, CA 90277
19
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$2,049,999
Est. payment /mo
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6 Beds
4 Baths
2,936 SqFt
Active

702 S Pacific Coast Hwy Redondo Beach, CA 90277

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Todd Kingsley

Todd Kingsley

+1(310) 710-8633

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,936 sqft

Price per Sqft $698

MLS Listing ID 26683107

Bedrooms 6

Year Built 1943

Annual Tax Amount $25,625

Lot Size 8,512 Sqft

Acres 0.1966

Property Sub-Type Multi-Family

Property Description

This exceptional fourplex presents a desirable owner-user opportunity in the highly sought-after South Redondo Beach market. The property features a vacant 2-bedroom unit - ideal for an investor looking to live on-site while generating supplemental rental income. Situated just blocks from the Pacific Ocean, the Redondo Beach Pier, and King Harbor, and less than one mile from Riviera Village, the property offers unparalleled access to premier coastal amenities, dining, and retail. Set on a spacious 8,512-square-foot lot, the asset also provides significant upside potential through the addition of ADUs, allowing a buyer to further enhance cash flow and long-term value (Buyer to verify). The property benefits from a highly attractive operating profile, with tenants responsible for electricity, gas, and cable/internet expenses while the landlord is only responsible for water, helping to minimize operating expenses. Not subject to local rent control and governed solely by AB 1482, the asset allows for favorable annual rent increases. Additional features include ample on-site parking with four garages and two surface spaces, as well as eligibility for residential financing, broadening the buyer pool and offering more competitive loan terms. With a strong 4.18% current cap rate and 16.31 GRM, along with a 4.77% pro-forma cap rate and 14.86 GRM, this investment offers both stable in-place income and meaningful upside potential.

Location

State CA

County Los Angeles

Area S. Redondo Beach South Of Torrance Blvd

Zoning RBRH-1

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Garage, Assigned

Garage Spaces 6.0

Building

Story 2

Level or Stories One, 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 ©2026 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.

NEARBY SCHOOL & BUSINESS

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Todd Kingsley

Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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