1314 Agate Street, Redondo Beach, CA 90277 - MLS#PW25187495

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Arash Rokni

arash@roknigroup.com +1(619) 762-0777

$2,150,000

Est. payment - /mo

9 Beds

7 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25187495

Bedrooms 9

Lot Dimensions 5537

Property Sub-Type Res Income 2-4 Units

Property Description

Ask About Potential Assumable Financing Available at 3.95%** 1314 Agate St is a well-positioned 4-unit apartment building in the highly desirable South Redondo Beach neighborhood. Offering a strong unit mix of spacious units, the property provides functional layouts and classic coastal appeal, with significant value-add potential as rents are brought to market levels. This opportunity allows investors to capitalize on South Redondos historically strong rental demand and consistent appreciation trends, while benefiting from a well-maintained asset. The property offers ample parking with (5) garage spaces and additional driveway parking, a highly sought-after feature in this beachside community. With a 4.30% CAP rate, 15.61 GRM, and a price of $537,500 per unit, the asset delivers strong in-place income with 21% rental upside. A projected 5.61% market CAP and 12.88 market GRM further highlight the propertys long-term value once rents are adjusted to market. Well-located in South Redondo, the property is just minutes from the Redondo Beach Pier, Riviera Village, and the Strandoffering tenants access to beaches, boutique shopping, dining, and year-round outdoor recreation. The location also provides excellent commuter access, just 7 miles south of LAX and 20 miles from Downtown LA, with top-rated schools in the Redondo Beach Unified School District. With its coastal proximity, strong appreciation potential, and value-add upside, this is an exceptional investment opportunity in one of LAs most in-demand coastal rental markets.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Near the corner of Agate Street and Harkness Ln

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7502014037

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Listed by Woody Stahl Lyon Stahl Investment Real Est

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Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities

1314 Agate Street Redondo Beach, CA 90277

Arash Rokni

Key Details

Location

Interior

Exterior

Building

Others

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