2213 Nelson Ave - Apartments FOR SALE


Redondo Beach, CA 90278- North Redondo Beach
$2,295,000 USD
310-480-2130
2213 Nelson Ave, Redondo Beach, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/15
null | 3.11% Cap Rate

2213 Nelson Ave
Redondo Beach, CA 90278
North Redondo Beach


HIGHLIGHTS

  • Desirable unit mix of (2) 3 Bedroom / 2 Baths and (2) 2 Bed / 2 Bath units.
  • Projected rental upside of 40% +/- for a new owner! Only subject to AB1482 rent restrictions.
  • Extensive capital improvements have already been completed like a new roof, electric overhaul, and new plumbing supply and drain lines.
  • Walk Score of 89! Redondo Beach has award winning schools, coastal beauty and unmatched tenant amenities!
  • Potential for an ADU play at the rear of the property via garage conversion (Buyer to verify).

OVERVIEW

The Cohen Group proudly presents this impeccably maintained four-unit apartment building, ideally located in one of Redondo Beach’s most sought-after neighborhoods. Set on a generous 7,483 sq ft lot, the property offers 4,711 sq ft of rentable space across a highly desirable unit mix: two spacious 3-bed/2-bath units and two well-appointed 2-bed/2-bath units—all with garage parking. Parking & ADU Potential Each unit enjoys dedicated garage parking, with six total garage spaces including three detached garages—offering exciting potential for ADU conversion (buyer to verify). Property highlights include: ~40% Rental Upside in a high-demand coastal market, not subject to LA City rent control; governed only by AB 1482—allowing for attractive annual rent increases, strong fundamentals and location-driven appreciation potential. This is more than a property—it’s a rare chance to own a stabilized, upgraded asset in the heart of the South Bay!

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$487 USD /SF

# OF UNITS

4

PRICE/UNIT

$573,750

CAP RATE

3.11%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,484 SF

ZONING

RBR-2

APN/PARCEL ID

4155-024-021

ASK ABOUT THIS PROPERTY

Joshua CohenThe Cohen GroupMore Info
310-480-2130

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Joshua CohenThe Cohen GroupMore Info
310-480-2130

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