Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

7

Building size

6,000 sqft

Lot size

9,358 sqft

Year built

1957

Stories

2

Garage spaces

8

Heating

Wall Furnace

Cooling

None

Pool

None

View

Ocean,Neighborhood

Status

Active

Days on market

34

MLS #

247173520

About this property

Rare offering at 103 Paseo De La Playa — a trophy 7-unit midcentury modern apartment building in one of Redondo Beach's most coveted locations, just one block from the sand and Miramar Park. This meticulously maintained property blends timeless architectural character with pride-of-ownership upkeep throughout, offering a turnkey investment or owner-user opportunity in a location that simply cannot be replicated. Steps from the beach with ocean views, and just a short stroll to the shops, restaurants, and vibrant energy of Riviera Village, this address delivers the quintessential South Bay lifestyle. The building features an attractive mix of units including spacious front-facing 2 bedroom, 2 bath residences — perfect for an owner-occupant or extended family — along with the convenience of an on-site garage and shared laundry facility, both strong value-add amenities for tenants and ownership alike. Recent capital improvements include all-new main and subpanel electrical, giving new ownership peace of mind and one less item on the capital improvement list. Well managed and consistently cared for, this is a rare chance to own a piece of Redondo Beach's coastline in a midcentury gem that has stood the test of time — offering both immediate income and outstanding long-term upside in an irreplaceable beachside location. Onsite laundry and one of the 2 bedrooms has laundry inside unit. All downstairs units have a separate or shared patio.

Location

103 Paseo De La Playa

Redondo Beach, Los Angeles, CA, 90277