124 Palos Verdes Boulevard, Redondo Beach, CA 90277
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
124 Palos Verdes Boulevard,Redondo Beach, CA 90277
$7,100,000
- 8 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: william mulkey
Office: tr wealth management inc.
MLS#:SB26088593
Source:San Diego MLS via CRMLS
Price summary
- Price:$7,100,000
About this home
ANOTHER $200K PRICE REDUCTION! 4.5% CAP. TR WEALTH is pleased to present a rare opportunity to acquire a 10-unit trophy multifamily asset located in South Redondo Beach / Hollywood Riviera submarket. The addresses are 124-128 Palos Verdes Blvd totaling 9,914 sf with similar floor plans and ocean views. The property is two separate APN (Parcels) with 5 units each forming a central courtyard. Perched in a premier coastal setting, this asset has ocean views, offering a generational investment that attracts tenant demand. There are 10 Garages and 10 tandem spaces. A desirable unit mix of 9 large 2-bedrooms, 1 bathroom & 1 2-bedroom, 2 baths units offering 975 rentable area and spacious & functional layouts makes tenants want to reside here. With $800,000 in capital improvements, including fully remodeled interiors, upgraded plumbing and electrical systems, new subpanels, modern appliances, and extensive interior and exterior enhancements delivers a turnkey investment with minimal deferred maintenance. The property has 8 of 10 units remodeled as new and has future upside with renovations for 2 units and stabilization of the rents to market value. The price is supported by a conservative expense ratio and efficient management. A RUBS program is in place & tenants pay gas for hot water heater in units. The asset is not subject to local rent control, providing investors with flexibility to capture future rent growth in a strong and stable rental market. AB1482 State Rent Control only. Located just minutes from Riviera Village, tenants benefit from immediate access to premier dining...
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Home facts
- Listing ID #:SB26088593
- Added:94 day(s) ago
- Updated:August 02, 2026 at 02:00 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
Heating and cooling
- Heating:Floor Furnace
Structure and exterior
- Roof:Composition
- Construction Materials:Stucco
- Levels:Split Level
Finances and disclosures
- Price:$7,100,000
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