2420 Grant Ave - Apartments FOR SALE


Redondo Beach, CA 90278- North Redondo Beach
$3,775,000 USD
310-809-2891
2420 Grant Ave, Redondo Beach, CA for Sale
$3,775,000 USD
Apartments - FOR SALE
1/78
null | 4.47% Cap Rate

2420 Grant Ave
Redondo Beach, CA 90278
North Redondo Beach


OVERVIEW

2420 Grant Avenue presents a rare opportunity to acquire a turnkey 5-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. Highlights: 5 fully renovated units in excellent condition Long-term, stable tenants with consistent rent collection Prime Redondo Beach location just minutes from beaches, schools, and major employers Low-maintenance asset with minimal deferred maintenance Excellent 1031 exchange or long-term hold opportunity With strong in-place income and very limited multifamily supply in Redondo Beach, this is a rare chance to own a high-quality asset in a supply-constrained, high-demand rental market.

FOR SALE DETAILS

PRICE

$3,775,000 USD

PRICE/SF

$888 USD /SF

# OF UNITS

5

PRICE/UNIT

$755,000

CAP RATE

4.47%

% 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 Jensen2420 Grant AveMore Info
310-809-2891

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Devin Jensen2420 Grant AveMore Info
310-809-2891

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