108 N Broadway, Redondo Beach, CA 90277

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
#1#2#3
108 N Broadway,Redondo Beach, CA 90277
$2,295,000
  • 4 Beds
  • 5 Baths
  • 4,352 sq. ft.
  • Multi-family
  • Active
Listed by:gianluca jacoli
Office:shield cre, inc.
MLS#:25539699
Source:CRMLS

Price summary

  • Price:$2,295,000
  • Price per sq. ft.:$527.34

About this home

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.

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Home facts

  • Year built:1906
  • Listing Id #:25539699
  • Added:89 day(s) ago
  • Updated:August 13, 2025 at 01:21 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:5
  • Living area:4,352 sq. ft.

Structure and exterior

  • Year built:1906
  • Building area:4,352 sq. ft.
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$2,295,000
  • Price per sq. ft.:$527.34
Based on information from California Regional Multiple Listing Service, Inc. as of August 14, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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