319 N Gertruda Avenue, Redondo Beach, CA 90277
Local realty services provided by:ERA North Orange County Real Estate
319 N Gertruda Avenue,Redondo Beach, CA 90277
$1,770,000
- 4 Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: gianluca jacoli
Office: shield cre, inc.310-593-9869
MLS#:26854135
Source:CRMLS
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Price summary
- Price:$1,770,000
About this home
319 N. Gertruda Avenue presents a compelling opportunity to acquire a charming multifamily asset in the heart of South Redondo Beach. Ideally situated within a few blocks of the Redondo Beach Pier, King Harbor, and the Pacific Ocean, the property offers tenants an exceptional coastal lifestyle with convenient access to the beach, Riviera Village, Pacific Coast Highway, local cafs, restaurants, and everyday amenities. Positioned on a sizable 5,724-SF lot, the property is comprised of (4) 1-bedroom/1-bathroom units and a detached studio/1-bathroom unit that will be delivered vacant. The character-rich residences feature hardwood floors, crown molding, and classic architectural details that contribute to the property's timeless appeal.From an investment perspective, the asset offers strong in-place income with meaningful rental upside, featuring a 5.24% current cap rate and 13.78 GRM with the potential to achieve a 6.09% pro-forma cap rate and 12.22 GRM. The property is enrolled in the Mills Act program, providing significant property tax savings that enhance cash flow and long-term returns, and is not subject to local rent control, defaulting instead to AB 1482. Priced at only $330,000 per unit, the offering presents exceptional intrinsic value along with potential opportunity to add ADU(s), subject to buyer verification of zoning, feasibility, and permitting requirements....
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Home facts
- Year built:1912
- Listing ID #:26854135
- Added:46 day(s) ago
- Updated:August 16, 2026 at 07:26 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:5
Structure and exterior
- Year built:1912
- Levels:1 Story
Finances and disclosures
- Price:$1,770,000
Parking
- Parking description:Assigned, Uncovered
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