525 N Francisca Avenue, Redondo Beach, CA 90277

Redondo Beach
Local realty services provided by:ERA Excel Realty
525 N Francisca Avenue,Redondo Beach, CA 90277
$6,100,000
  • 24 Beds
  • 24 Baths
  • 12,192 sq. ft.
  • Multi-family
  • Active
Listed by: gianluca jacoli
Office: shield cre, inc.310-593-9869
MLS#:26674141
Source:CRMLS

Price summary

  • Price:$6,100,000
  • Price per sq. ft.:$500.33

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:89 day(s) ago
  • Updated:July 05, 2026 at 10:59 AM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:24
  • Living area:12,192 sq. ft.

Structure and exterior

  • Year built:1964
  • Building area:12,192 sq. ft.
  • Lot area:0.26 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$6,100,000
  • Price per sq. ft.:$500.33

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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