2420 Grant Ave - Apartments FOR SALE


Redondo Beach, CA 90278- North Redondo Beach
$3,675,000 USD
424-417-7210
2420 Grant Ave, Redondo Beach, CA for Sale
$3,675,000 USD
Apartments - FOR SALE
1/78
null | 4.59% Cap Rate

2420 Grant Ave
Redondo Beach, CA 90278
North Redondo Beach


HIGHLIGHTS

  • 2420 Grant Avenue offers a five-unit, beautifully remodeled multifamily property in the heart of Redondo Beach.
  • Excellent 1031 exchange or long-term hold opportunity featuring long-term, stable tenants with consistent rent collection.
  • With the perfect blend of modern luxury and coastal charm, this is a low-maintenance asset with minimal deferred maintenance.
  • Desirable Redondo Beach location just minutes from pristine sandy beaches, schools, major employers, and nearby amenities.

OVERVIEW

2420 Grant Avenue presents a rare opportunity to acquire a turnkey five-unit multifamily asset in one of the South Bay’s most desirable rental markets. Fully renovated inside and out, the property features a clean unit mix with long-term, stable tenants offering immediate cash flow with significant upside in rental income over time. Each unit has been thoughtfully updated with modern finishes, including new kitchens, updated bathrooms, flooring, and fixtures. The exterior has also been improved, offering strong curb appeal and low-maintenance operation. Located in a highly desirable coastal community, this property is just moments from stunning beaches, top-rated schools, and a vibrant local scene, making it a prime choice for renters seeking the best of Southern California living. Redondo Beach is a vibrant coastal city in the South Bay region of Los Angeles County, California. Known for its iconic pier, scenic coastline, and active lifestyle, Redondo Beach offers a blend of seaside charm and urban convenience. The city is divided into two main areas: North Redondo Beach, which is more suburban and inland, and South Redondo Beach, known for its proximity to the beach and laid-back atmosphere. Both areas feature excellent schools, parks, and a strong sense of community. With its strong in-place income and the scarcity of multifamily properties in Redondo Beach, this is a rare opportunity to own a premium asset in a high-demand, supply-constrained rental market. The property is further distinguished by its beach-inspired exterior, high-end finishes, and affluent location, making 2420 Grant Avenue an exceptional turnkey investment in one of Los Angeles County's most desirable areas.

FOR SALE DETAILS

PRICE

$3,675,000 USD

PRICE/SF

$865 USD /SF

# OF UNITS

5

PRICE/UNIT

$735,000

CAP RATE

4.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

RBR-3

APN/PARCEL ID

4157-018-002

ASK ABOUT THIS PROPERTY

Devin JensenJensen RealtyMore Info
424-417-7210

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Devin JensenJensen RealtyMore Info
424-417-7210

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