525 N Francisca Avenue, Redondo Beach, CA 90277

Redondo Beach
Local realty services provided by:ERA Donahoe Realty
525 N Francisca Avenue,Redondo Beach, CA 90277
$5,375,000
  • 24 Beds
  • 24 Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: gianluca jacoli
Office: shield cre, inc.310-593-9869
MLS#:26674141
Source:CRMLS

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Price summary

  • Price:$5,375,000

About this home

Located in South Redondo Beach, west of PCH, this exceptional coastal investment offers a rare opportunity to purchase a 12-unit apartment just blocks from the Redondo Beach Pier, King Harbor, and the Pacific Ocean. The property consists of (12) 2-bedroom/1.75-bathroom units with spacious layouts, including four renovated units delivered vacant, allowing an investor to immediately capture market rents and drive income growth. The asset features strong in-place financials with a 4.35% current cap rate and 14.71 GRM, along with a projected 5.30% pro-forma cap rate and 12.79 GRM. This 11,364-SF asset is situated on a large 11,364-SF lot, which presents an attractive opportunity to add ADUs and further enhance returns. Additional highlights include 12 garages and an on-site laundry facility which is able to generate additional income. Furthermore, the property is not subject to Los Angeles rent control and instead falls under AB 1482. With its prime coastal location, desirable unit mix...

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Home facts

  • Year built:1964
  • Listing ID #:26674141
  • Added:152 day(s) ago
  • Updated:September 06, 2026 at 06:40 AM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:24

Structure and exterior

  • Year built:1964
  • Levels:2 Story

Finances and disclosures

  • Price:$5,375,000

Features and amenities

  • Appliances:Washer
  • Laundry features:Washer

Parking

  • Total parking spaces:12
  • Parking description:Garage
  • Garage:Yes
  • Garage spaces:12
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