213 S Francisca Avenue, Redondo Beach, CA 90277

Welcome to an unparalleled opportunity in South Redondo Beach, where coastal living meets smart investment! Just four blocks from the sandy shores, this exceptional stand-alone house with three additional units in the back is the ultimate owner-user or passive income property, blending the charm of beachside life with robust financial potential. The front unit is spacious 2-bedroom, 1.75-bathroom house featuring a private front yard - your perfect coastal retreat -while the other units, including a 2-bedroom/1-bathroom, a non-conforming 1-bedroom/1-bathroom (with potential for a future ADU buildout), and a studio/1-bathroom with a private backyard, generate strong rental income. The non-conforming 1-bedroom unit is being delivered vacant. Boasting a 4.89% current cap rate and 14.53 GRM, with a pro-forma cap rate of 6.29% for future growth, this cash-flowing gem operates under the favorable AB 1482 rent control, avoiding restrictive LA regulations for flexibility and long-term … read more …