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4118 Redondo Beach Blvd
Torrance, CA 90504
4118 Redondo Beach Blvd · Multifamily Property For Sale · 3 Units

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.

Property Facts

Price Per Unit $588,014 CAD
Sale Type Investment
Cap Rate 4.55%
Sale Condition 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
Zoning R3

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 3 $3,154 CAD -

Property Taxes

Property Taxes

Parcel Number
4085-002-003
Land Assessment
$242,603 CAD
Improvements Assessment
$230,065 CAD
Total Assessment
$472,668 CAD
  • Listing ID: 31074021

  • Date on Market: 2024-02-28

  • Last Updated:

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

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