622 S Pacific Coast Hwy - Apartments FOR SALE


Redondo Beach, CA 90277
$1,750,000 USD
707-225-2402
622 S Pacific Coast Hwy, Redondo Beach, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/24
null | 3.73% Cap Rate

622 S Pacific Coast Hwy
Redondo Beach, CA 90277


HIGHLIGHTS

  • Well-maintained triplex in South Redondo Beach
  • Potential to add up to 3 ADUs (buyer to verify)
  • Strong cash flow upside and long-term value potential
  • Pride-of-ownership asset with excellent curb appeal

OVERVIEW

We are pleased to present 622 South Pacific Coast Highway, a rare triplex investment opportunity located in the heart of South Redondo Beach. This pride-of-ownership asset offers investors the unique combination of stable current income and substantial future upside through the potential addition of up to three Accessory Dwelling Units (ADUs) (Buyer to verify). Pro forma rates reflect anticipated market rents once the proposed ADUs are constructed and operational. Ideally positioned just moments from the vibrant Riviera Village, tenants enjoy convenient access to an abundance of restaurants, boutique shopping, entertainment venues, and some of Southern California’s most desirable beaches. The property’s premier South Redondo location continues to benefit from strong rental demand driven by its coastal lifestyle, excellent schools, and proximity to major employment centers throughout the South Bay. With limited multifamily inventory available in South Redondo Beach and increasing demand for housing in the area, 622 South Pacific Coast Highway presents a compelling opportunity for investors seeking a well-maintained coastal asset with meaningful value-add potential and long-term appreciation prospects. For more information, please reach out.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$723 USD /SF

# OF UNITS

3

PRICE/UNIT

$583,333

CAP RATE

3.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1943

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,061 SF

ZONING

RBRH-1

APN/PARCEL ID

7508-024-011

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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