18216 Kingsdale Ave - Apartments FOR SALE


Redondo Beach, CA 90278
$4,625,000 USD
310-956-2291
18216 Kingsdale Ave, Redondo Beach, CA for Sale
$4,625,000 USD
Apartments - FOR SALE
1/18
null | 4.3% Cap Rate

18216 Kingsdale Ave
Redondo Beach, CA 90278


HIGHLIGHTS

  • Rare Larger Asset in Redondo Beach | A sizable apartment opportunity Redondo Beach P.O. (City of Torrance) walking distance to the South Bay Galleria.
  • Brand New Roof and Supply Conduits | The property features a new roof installed in 2025, along with newly installed electrical supply conduits.
  • Attractive Day 1 Basis | The property is being offered at $256K/Unit and $492/ft, extremely attractive for any value-add or long-term investor.
  • Immediate Rental Upside and 1 Vacant Unit | With one unit vacant and occupied units well below market rate, this is a terrific value-add opportunity.
  • Attractive Tenant Amenities | The property features 18 garages and on-site laundry facilities.

OVERVIEW

John Katnik of BRC Advisors, as the exclusive listing advisor, is pleased to present 18216 Kingsdale Ave, an 18-unit apartment opportunity in the highly desirable coastal community of North Redondo Beach (City of Torrance). This rare offering provides immediate rental upside and long-term appreciation potential in one of the South Bay’s most consistently strong rental markets. The property features 18 total units, consisting of 6 studio/one-bath, 9 one-bed/one-bath units, and 3 two-bed/one-bath units. Residents benefit from 18 garages, on-site laundry, and close proximity to major retail, dining, and employment hubs. Extensive capital improvements have recently been completed, including a brand-new roof, new electrical supply conduits, and the replacement of all main electrical supply wires leading to the existing breaker panels. With one unit currently vacant and in-place rents significantly below market across the remaining units, there is substantial potential to increase income through strategic renovations and repositioning. Priced at an attractive $256K per unit and $492 per square foot, the property provides an excellent entry basis for both value-add and long-term investors. Opportunities of this size and location in Redondo Beach are very rare. This asset offers investors the chance to acquire a well-located building with clear upside in one of Southern California’s most supply constrained coastal markets.

FOR SALE DETAILS

PRICE

$4,625,000 USD

PRICE/SF

$492 USD /SF

# OF UNITS

18

PRICE/UNIT

$256,944

CAP RATE

4.3%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add 18 Unit in North Redondo Beach!~

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,289 SF

ZONING

TORR-MD

APN/PARCEL ID

4083-007-016

ASK ABOUT THIS PROPERTY

John KatnikBRC Advisors - BH, Inc.More Info
310-956-2291

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John KatnikBRC Advisors - BH, Inc.More Info
310-956-2291

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