108 N Broadway, Redondo Beach, CA 90277

About this property

This six-unit apartment building, located in the highly desirable South Redondo Beach (west of PCH and near the coast), presents a compelling investment opportunity. The property is deemed historic (designated landmark). Offered at an attractive $382,500 per unit, the property boasts a solid 5.02% current cap rate and a 13.96 GRM. With three units to be delivered vacant, new ownership has an immediate opportunity for owner-occupancy or to renovate and achieve market rents, driving the pro-forma cap rate to an impressive 6.03%. The diverse unit mix, coupled with a substantial 7,608-SF lot and the absence of local rent control (defaulting to AB 1482), further enhance the value-add potential of this generational asset in a prime coastal location.

Listing description from the August 2025 sale, as reported to CRMLS.

Sale history

$2,015,000

Sold August 2025 · listed $2,295,000, on market May 2025 · MLS #25539699 · Source: CRMLS

Listing Agent: Gianluca Jacoli · Listing Office: Shield CRE, Inc. · Contact: 310-593-9869 · Bought with: Benjamin Lester · Kape Property Management, Inc.

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