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Shannon Guiragossian

shannongrealestate@gmail.com +1(760) 537-9002

$ 1,650,000

Est. payment | -/mo

4 Beds

5 Baths

2,669 SqFt

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$ 1,650,000

Est. payment | -/mo

Save

4 Beds

5 Baths

2,669 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,669 sqft

Price per Sqft $618

MLS Listing ID 26854135

Bedrooms 4

Year Built 1912

Annual Tax Amount $9,050

Lot Size 5,724 Sqft

Acres 0.1322

Property Sub-Type Multi-Family

Property Description

319 N. Gertruda Avenue presents a compelling opportunity to acquire a charming multifamily asset in the heart of South Redondo Beach. Ideally situated within a few blocks of the Redondo Beach Pier, King Harbor, and the Pacific Ocean, the property offers tenants an exceptional coastal lifestyle with convenient access to the beach, Riviera Village, Pacific Coast Highway, local cafs, restaurants, and everyday amenities. Positioned on a sizable 5,724-SF lot, the property is comprised of (4) 1-bedroom/1-bathroom units and a detached studio/1-bathroom unit that will be delivered vacant. The character-rich residences feature hardwood floors, crown molding, and classic architectural details that contribute to the property's timeless appeal.From an investment perspective, the asset offers strong in-place income with meaningful rental upside, featuring a 5.24% current cap rate and 13.78 GRM with the potential to achieve a 6.09% pro-forma cap rate and 12.22 GRM. The property is enrolled in the Mills Act program, providing significant property tax savings that enhance cash flow and long-term returns, and is not subject to local rent control, defaulting instead to AB 1482. Priced at only $330,000 per unit, the offering presents exceptional intrinsic value along with potential opportunity to add ADU(s), subject to buyer verification of zoning, feasibility, and permitting requirements.

Location

State CA

County Los Angeles

Area S. Redondo Beach North Of Torrance Blvd

Zoning RBR-3

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Assigned, Uncovered

Building

Story 2

Level or Stories One, Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Shield CRE, Inc.

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 537-9002

shannongrealestate@gmail.com

36923 Cook St Suite B101, Palm Desert, CA, 92211, USA

319 N Gertruda Ave Redondo Beach, CA 90277

Shannon Guiragossian

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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319 N Gertruda Ave