1304 Amethyst Street, Redondo Beach, CA 90277
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
1304 Amethyst Street,Redondo Beach, CA 90277
$2,249,000
- 9 Beds
- - Baths
- 4,260 sq. ft.
- Multi-family
- Active
Listed by: gianluca jacoli
Office: shield cre, inc.
MLS#:CL26742045
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$2,249,000
- Price per sq. ft.:$527.93
About this home
This well-located fourplex offers a premier investment opportunity in the highly sought-after South Redondo Beach market, situated approximately one mile from the Redondo Beach Pier, King Harbor, and the Pacific Ocean. The property provides tenants with convenient access to an abundance of coastal dining, retail, and lifestyle amenities. The asset features an attractive unit mix of (1) 4-bed/1.75-bath front unit, (2) 2-bed/1.75-bath units and (1) 1-bed/1-bath unit. From an investment standpoint, the property offers a compelling financial profile with a 4.34% current cap rate and 15.70 GRM, along with significant upside to a 6.02% pro-forma cap rate and 12.35 GRM. Not subject to local rent control (AB 1482 only), the asset allows for consistent and favorable rent growth. The all-electric configuration eliminates gas expenses and supports an efficient operating structure with minimal expenses. Additional features include five garage spaces providing ample garage parking for tenants. The property also boasts strong curb appeal with a recently painted exterior and new landscaping. The asset also qualifies for residential financing, expanding buyer's financing options and offering access to more attractive loan terms....
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Home facts
- Year built:1963
- Listing ID #:CL26742045
- Added:48 day(s) ago
- Updated:June 05, 2026 at 02:24 PM
Rooms and interior
- Bedrooms:9
- Living area:4,260 sq. ft.
Structure and exterior
- Year built:1963
- Building area:4,260 sq. ft.
- Lot area:0.13 Acres
Finances and disclosures
- Price:$2,249,000
- Price per sq. ft.:$527.93
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