319 N Gertruda AVE, Redondo Beach, CA 90277
319 N Gertruda AVE, Redondo Beach, CA 90277
319 N Gertruda AVE, Redondo Beach, CA 90277
12
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$1,650,000
Est. payment /mo
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4 Beds
5 Baths
2,669 SqFt
New

319 N Gertruda AVE Redondo Beach, CA 90277

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Darren Wade

Darren Wade

+1(559) 312-7467

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,669 sqft

Price per Sqft $618

MLS Listing ID 26854135

Bedrooms 4

HOA Y/N No

Year Built 1912

Lot Size 5,723 Sqft

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 155 - S Redondo Bch N Of Torrance Bl

Zoning RBR-3

Interior

Fireplace No

Exterior

Parking Features Assigned, Uncovered

Building

Story 2

Entry Level One,Two

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 7503027010

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Gianluca Jacoli Shield CRE, Inc. #01938297

NEARBY SCHOOL & BUSINESS

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Darren Wade

Darren Wade

Broker Associate | License ID: 01910957

+1(559) 312-7467

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319 N Gertruda AVE