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622 S Pacific Coast Hwy
Redondo Beach, CA 90277
Multifamily Property For Sale
·
3 Units
Investment Highlights
- Well-maintained triplex in South Redondo Beach
- Strong cash flow upside and long-term value potential
- Potential to add up to 3 ADUs (buyer to verify)
- Pride-of-ownership asset with excellent curb appeal
Executive Summary
We are pleased to present 622 South Pacific Coast Highway, a rare triplex investment opportunity located in the heart of South Redondo Beach. This pride-of-ownership asset offers investors the unique combination of stable current income and substantial future upside through the potential addition of up to three Accessory Dwelling Units (ADUs) (Buyer to verify). Pro forma rates reflect anticipated market rents once the proposed ADUs are constructed and operational. Ideally positioned just moments from the vibrant Riviera Village, tenants enjoy convenient access to an abundance of restaurants, boutique shopping, entertainment venues, and some of Southern California’s most desirable beaches. The property’s premier South Redondo location continues to benefit from strong rental demand driven by its coastal lifestyle, excellent schools, and proximity to major employment centers throughout the South Bay. With limited multifamily inventory available in South Redondo Beach and increasing demand for housing in the area, 622 South Pacific Coast Highway presents a compelling opportunity for investors seeking a well-maintained coastal asset with meaningful value-add potential and long-term appreciation prospects. For more information, please reach out.
Property Facts
| Price Per Unit | $810,991 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 3.73% | Building Size | 2,420 SF |
| Gross Rent Multiplier | 17.77 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1943 |
| Property Type | Multifamily | Parking Ratio | 1.24/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RBRH-1 | ||
| Price Per Unit | $810,991 CAD |
| Sale Type | Investment |
| Cap Rate | 3.73% |
| Gross Rent Multiplier | 17.77 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,420 SF |
| No. Stories | 2 |
| Year Built | 1943 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | RBRH-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $4,616 CAD | 807 |
| 1+1 | 1 | $3,321 CAD | 807 |
Property Taxes
| Parcel Number | 7508-024-011 | Improvements Assessment | $963,118 CAD |
| Land Assessment | $1,655,358 CAD | Total Assessment | $2,618,476 CAD |
Property Taxes
Parcel Number
7508-024-011
Land Assessment
$1,655,358 CAD
Improvements Assessment
$963,118 CAD
Total Assessment
$2,618,476 CAD
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