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

Bedrooms

18

Building size

17,360 sqft

Lot size

16,882 sqft

Year built

1968

Stories

2

Garage spaces

27

Heating

Electric

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

1

MLS #

249262090

About this property

We are pleased to present the CitiZen Beach Collection on Manhattan, an 18-unit townhome community at 2106 Manhattan Beach Boulevard in north Redondo Beach. Every residence is a two-story, two-bed / one-and-a-half-bath townhome that has been fully redesigned, offering a rare chance to own a turnkey coastal asset in one of the South Bay's most desirable submarkets. Set just minutes from the beach, the community is a short drive to the Manhattan Beach and Hermosa Beach piers and close to top-rated dining, shopping, and major South Bay employers. Pacific Coast Highway, LAX, and local entertainment are all nearby, yet the neighborhood keeps its peaceful, residential feel. The renovated interiors feature in-unit washers and dryers, Calacatta quartz countertops and vanities, stainless steel appliance packages, wood-style flooring, designer fixtures, custom cabinetry, island kitchens, and spacious private patios made for coastal living. Every unit includes at least one assigned space in a secure, gated underground garage, with 27 spaces in all. Some units have two spaces. Controlled access gives residents the security and convenience that support premium rents and strong retention. Backed by steady demand for quality coastal housing and a historically tight Redondo Beach rental market, this 100% occupied offering carries approximately 8% rental upside to top-of-market rates. A new owner steps into stable, in-place income and can capture additional upside at turnover while holding a renovated, irreplaceable South Bay asset. An ideal fit for long-term investors seeking both stability and mark-to-market upside.

Location

2106 Manhattan Beach Boulevard

Redondo Beach, Los Angeles, CA, 90278