This prime investment opportunity features a beautifully renovated 4-unit residential asset in the highly desirable North Redondo Beach location. The property consists of a triplex plus a newly constructed detached 3-bedroom/2-bath ADU. The asset contains an outstanding unit mix of a 3-bedroom/2-bath house with private yard, a 3-bedroom/2-bath ADU, a 2-bedroom/1-bath unit, and a 1-bedroom/1-bath unit. All units have been thoughtfully upgraded with modern kitchens and bathrooms, and each unit contains new Whirlpool washers and dryers. The property has undergone capital improvements including new roofs, new windows and copper plumbing upgrades. Situated on a large 7,500-SF lot with 5 parking spaces, the property also boasts excellent curb appeal with fresh exterior paint, stucco repairs, and new lighting completed in 2024. Ideally located near Hermosa Beach Pier, Pier Avenue, King Harbor, and the Redondo Beach Pier, the asset offers tenants convenient access to premier coastal dining, shopping, and recreation. This residential property presents a compelling owner-user opportunity while also delivering strong in-place financials, including a 4.88% current cap rate and 13.80 GRM. Additionally, the property is not subject to Los Angeles rent control and instead falls under AB 1482. With eligibility for attractive 1-4 unit residential financing, this turnkey asset represents a rare opportunity to acquire a stabilized asset in a highly sought-after location.

Listing courtesy of Gianluca Jacoli of Shield CRE, Inc.

Based on information from the The MLS as of 2026-02-27 09:58 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.