$5,375,000

525 N Francisca Avenue, Redondo Beach CA, 90277

Price per sqft$440.86

Built in1964

Property size12,192 sqft

Property typeResidential

Bought with Gianluca Jacoli with Shield CRE, Inc. and Listed by Gianluca Jacoli CA DRE# 01938297 with Shield CRE, Inc. 310-593-9861

Overview

Sold

Closed

Listed Apr 6, 2026

Updated Aug 4

Located in South Redondo Beach, west of PCH, this exceptional coastal investment offers a rare opportunity to purchase a 12-unit apartment just blocks from the Redondo Beach Pier, King Harbor, and the Pacific Ocean. The property consists of (12) 2-bedroom/1.75-bathroom units with spacious layouts, including four renovated units delivered vacant, allowing an investor to immediately capture market rents and drive income growth. The asset features strong in-place financials with a 4.35% current cap rate and 14.71 GRM, along with a projected 5.30% pro-forma cap rate and 12.79 GRM. This 11,364-SF asset is situated on a large 11,364-SF lot, which presents an attractive opportunity to add ADUs and further enhance returns. Additional highlights include 12 garages and an on-site laundry facility which is able to generate additional income. Furthermore, the property is not subject to Los Angeles rent control and instead falls under AB 1482. With its prime coastal location, desirable unit mix with spacious layouts, rent current income and upside potential, and long-term appreciation, this offering represents a true generational asset in one of the South Bay's most desirable rental markets.

Additional information

MLS^® ID: 26674141

Interior Features

Bedrooms: 24
Bathrooms: 24
Basement: No

Exterior Features

Lot Size: 0.26 Acres

Other Property Details

Garage: Yes
55+/Senior Community: No

Bought with Gianluca Jacoli with Shield CRE, Inc. and Listed by Gianluca Jacoli CA DRE# 01938297 with Shield CRE, Inc. 310-593-9861

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/4/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/4/2026 at 8:39 AM UTC Last Checked: 8:39 AM UTC