1302 Amethyst St - Apartments FOR SALE


Redondo Beach, CA 90277
$2,870,000 USD
310-844-9362
1302 Amethyst St, Redondo Beach, CA for Sale
$2,870,000 USD
Apartments - FOR SALE
1/17
null | 4.97% Cap Rate

1302 Amethyst St
Redondo Beach, CA 90277


HIGHLIGHTS

  • Fully renovated 4-unit building in the heart of South Redondo Beach
  • Complete gut renovation means zero deferred maintenance and no near-term capex, positioning a new owner to step into stabilized income from day one
  • Luxury vinyl plank flooring, quartz countertops, and stainless-steel appliances throughout
  • In-unit washer/dryer and smart home features in every residence
  • Walking distance to top-rated schools, parks, and highly-praised eateries
  • Easy access to major freeways and just 20 minutes from LAX

OVERVIEW

Matthews™ is pleased to present 1302 Amethyst Street, a fully renovated and upgraded four-unit apartment building located in the heart of Redondo Beach, CA. Situated on a quiet cul-de-sac just minutes from the beach, Redondo Beach Pier, and top-rated South Bay dining, this property has been fully reimagined to offer a premium, modern living experience with strong tenant appeal. The property features a desirable unit mix consisting of (1) 4-bed/2-bath townhome-style unit, (2) 2-bed/2-bath units, and (1) 1-bed/1-bath unit. The four-bedroom residence features direct access to a two-car garage with additional storage room, a private enclosed patio, and a fireplace. Three additional private one-car garages serve the remaining units. Every residence is top-floor or features top-floor placement within the building, offering added privacy and natural light throughout. A true, turnkey asset, this offering presents an excellent opportunity for maintenance-free ownership. With no local rent control and two of four units currently available for lease-up at premium market rents, this asset offers a rare combination of near-term income upside and long-term appreciation potential in one of the South Bay's most coveted coastal communities. Designer Interior Upgrades *Modern Coastal Aesthetic: Each residence features durable luxury vinyl plank flooring, custom soft-close cabinetry, and a full interior refacing with contemporary "orange peel" texturing. *Gourmet Kitchens: Chef-inspired spaces equipped with brand-new energy-efficient stainless-steel appliances, a designer range hood, and waterfall-edge quartz countertops. *Luxury Bathrooms: Fully updated with modern tiled tub and shower enclosures, new toilets, designer plumbing fixtures, and built-in linen storage. *In-Unit Laundry: Washer/dryer included in every unit. *Smart Home Features: Nest camera and keyless entry provide added convenience and security for residents. *Premium Details: All-new interior and closet doors upgraded electrical systems, custom window coverings, and additional built-in storage throughout.

FOR SALE DETAILS

PRICE

$2,870,000 USD

PRICE/SF

$686 USD /SF

# OF UNITS

4

PRICE/UNIT

$717,500

CAP RATE

4.97%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

RBRMD

APN/PARCEL ID

7502-015-029

ASK ABOUT THIS PROPERTY

Nabil AwadaMatthews Real Estate Investment ServicesMore Info
310-844-9362

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Nabil AwadaMatthews Real Estate Investment ServicesMore Info
310-844-9362

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.