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. One of the 2-bedroom/1.75-bath units will be delivered vacant, creating an ideal opportunity for an owner-user to occupy the unit or for an investor to immediately lease the unit at market rate. From an investment standpoint, the property offers a compelling financial profile with a 4.70% current cap rate and 14.83 GRM, along with significant upside to a 6.02% pro-forma cap rate and 12.35 GRM. The vacant 2-bedroom unit provides an immediate opportunity to capture market rent and accelerate the property's path toward its pro-forma returns. 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 parking for tenants. The property also boasts strong curb appeal with a recently painted exterior and new landscaping. Furthermore, the asset qualifies for residential financing, expanding buyers' financing options and providing access to potentially more attractive loan terms....
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Home facts
- Year built:1963
- Listing ID #:CL26742045
- Added:155 day(s) ago
- Updated:September 19, 2026 at 02:41 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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