156 Paseo de la Concha - Multi-Family FOR SALE


Redondo Beach, CA 90277- Torrance Beach
$7,600,000 USD
213-943-1897
156 Paseo de la Concha, Redondo Beach, CA for Sale
$7,600,000 USD
Multi-Family - FOR SALE
1/16
null | 2.96% Cap Rate

156 Paseo de la Concha
Redondo Beach, CA 90277
Torrance Beach


HIGHLIGHTS

  • Just steps from the beach, Esplanade, and The Strand / Marvin Braude Bike Trail
  • Redondo Beach draws year-round demand with waterfront dining at the Pier and King Harbor’s marina lifestyle—boating, paddleboarding, kayaking, & more
  • Select units offer ocean views and private outdoor space—decks and yard areas—enhancing livability and tenant retention this close to the sand
  • Situated on two parcels totaling 17,518 SF, the property offers a low-density footprint—supporting privacy/open space and future development potential
  • Not subject to LA City rent control. Regulated by AB 1482 only
  • The on-site leasing office and garages may offer ADU/storage conversion upside through repurposing existing space—Buyer to verify

OVERVIEW

The SR Group of Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale 154–156 Paseo De La Concha, a well-maintained 13-unit* apartment community in South Redondo Beach (Torrance municipal jurisdiction), located just steps from the sand—approximately one residential block from the ocean. Positioned in one of the South Bay’s most sought-after coastal neighborhoods, the property offers a true beach lifestyle with immediate access to The Strand / Marvin Braude Bike Trail, a nationally recognized oceanfront route running along the Los Angeles coastline. Nearby amenities include the Redondo Beach Pier and King Harbor, which anchor the area’s dining, marina culture, and outdoor recreation. Select residences benefit from ocean-view orientation, with private decks and backyard/yard areas that enhance livability and support long-term tenant retention—rare features for an apartment community this close to the beach. Situated on a 17,518 SF lot spanning two parcels, the property totals 11,362 gross SF across two two-story buildings and features a highly desirable unit profile comprised of (12) 2BR/1BA units and (1) studio. Additional amenities include on-site laundry and ample parking—26 spaces (13 garages + 13 open-space tandem). The large two-parcel land position and low-density footprint present a practical opportunity to add multiple ADUs and provide long-term development optionality—Buyer to verify. Redondo Beach benefits from a deep, stable tenant base supported by nearby South Bay employment hubs, with convenient proximity to LAX and major corporate and aerospace employers throughout Redondo Beach, Manhattan Beach, and El Segundo. The asset provides approximately 31% rental upside, positioning an investor to grow cash flow over time through continued professional management and selective interior enhancements. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS. * The Property is currently operating as 13 units. Buyer acknowledges unit count reflected in public records and/or permits may differ. Buyer to independently verify legal unit count, permits, and approvals. Seller and Broker make no representations as to legal unit count or legality of any unit/configuration.

FOR SALE DETAILS

PRICE

$7,600,000 USD

PRICE/SF

$669 USD /SF

# OF UNITS

13

PRICE/UNIT

$584,615

CAP RATE

2.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

13-Units—Just Steps from the Sand

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,518 SF

ZONING

TORR-MD

APN/PARCEL ID

7511-019-012,7511-019-013

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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