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$ 4,625,000
Est. payment /mo
New
18216 Kingsdale AVE Redondo Beach, CA 90278
15 Beds
18 Baths
9,398 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,398 sqft
Price per Sqft $492
MLS Listing ID 25624773
Bedrooms 15
HOA Y/N No
Year Built 1964
Property Description
We are pleased to present 18216 Kingsdale Ave, an 18-unit apartment opportunity in the highly desirable coastal community of Redondo Beach P.O. (City of Torrance). This rare offering provides immediate rental upside and long-term appreciation potential in one of the South Bay's most consistently strong rental markets. The property features 18 total units, consisting of 6 studio/one-bath, 9 one-bed/one-bath units, and 3 two-bed/one-bath units. Residents benefit from 18 garages, on-site laundry, and close proximity to major retail, dining, and employment hubs. Extensive capital improvements have recently been completed, including a brand-new roof, new electrical supply conduits, and the replacement of all main electrical supply wires leading to the existing breaker panels. With one unit currently vacant and in-place rents significantly below market across the remaining units, there is substantial potential to increase income through strategic renovations and repositioning. Priced at an attractive $256K per unit and $492 per square foot, the property provides an excellent entry basis for both value-add and long-term investors. Opportunities of this size and location in Redondo Beach are very rare. This asset offers investors the chance to acquire a well-located building with clear upside in one of Southern California's most supply constrained coastal markets.
Location
State CA
County Los Angeles
Area 132 - N Torrance - West
Zoning TORR-MD
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 18.0
Garage Description 18.0
Pool None
Total Parking Spaces 18
Private Pool No
Building
Faces West
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4083007016
Special Listing Condition Standard
Listed by John Katnik BRC Advisors- BH