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124 Palos Verdes Boulevard

Redondo Beach, CA 90277
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Bed 0

Bed

Bath 0

Bath

SqFt9,914

Sqft

SqFt7,954

Sqft(Lot)

TR WEALTH MANAGEMENT, INC. is pleased to present a rare opportunity to acquire a 10-unit trophy multifamily asset located in the South Redondo Beach / Hollywood Riviera submarket. The addresses are 124-128 Palos Verdes Blvd totaling 9,914 sf with similar floor plans and ocean views. The property is two separate APN (Parcels) with 5 units each forming a central courtyard. Perched in a premier coastal setting, this asset has ocean and sunset views, offering a generational investment that attracts tenant demand. There are 10 Garages and 10 tandem spaces. A desirable unit mix of 9 large 2-bedrooms, 1 bathroom & 1 2-bedroom, 2 baths units offering 975 rentable area and spacious & functional layouts makes tenants want to reside here. With $800,000 in capital improvements, including fully rem odeled interiors, upgraded plumbing and electrical systems, new subpanels, modern appliances, and extensive interior and exterior enhancements delivers a turnkey investment with minimal deferred maintenance. The property has 8 of 10 units remodeled as new and has future upside with renovations for 2 units and stabilization of the rents to market value. The price is supported by a conservative expense ratio and efficient management. A RUBS program is in place & tenants pay gas for hot water heater in units. The asset is not subject to local rent control, providing investors with flexibility to capture future rent growth in a strong and stable rental market. AB1482 State Rent Control only. Located just minutes from Riviera Village, tenants benefit from immediate access to premier dining, retail, and coastal amenities, as well as proximity to the Redondo Beach coastline, parks, and recreation. The property also offers convenient connectivity to Pacific Coast Highway and major South Bay employment centers, including Torrance, El Segundo, and the greater aerospace and technology corridor. Positioned within a high-income coastal community characterized by limited multifamily supply and strong historical appreciation, this offering presents a unique opportunity to acquire an irreplaceable asset with both stable in-place cash flow and long-term upside. Additional value-add potential exists through the possible conversion of two garage spaces into accessory dwelling units (ADUs). This is an ideal acquisition for investors seeking a high-quality, low-maintenance coastal asset in one of Southern California’s most supply-constrained and desirable rental markets.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $7,300,000

AD Id : 77817836

MLS Id : SB26088593

Lot Size : 7,954 Sq. Ft

Living Area Size : 9,914 Sq. Ft

Year Built : 1958

Garage : 10

County : Los Angeles

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Feature Features

  • Interior Features

    Ceiling Fan(s), Crown Molding, Open Floorplan, Pantry, Recessed Lighting, Unfurnished
    Roof: Composition, Shingle
    Appliances: Dishwasher, Electric Cooktop, Electric Oven, Free-Standing Range, Gas Oven, Gas Water Heater, Range Hood, Vented Exhaust Fan
    Laundry Features: Stacked
    Window Features: Double Pane Windows, ENERGY STAR Qualified Windows
  • Heating & Cooling

    Has Heating: Yes Heating: Floor Furnace, Wall Furnace Cooling: None

  • Building Information

    Year Built: 1958
    Building Area Total: 9914
    Construction Materials: Drywall, Stucco
    Pool Features: None
    Private Pool: No
    View: Catalina, City Lights, Coastline, Water
  • Exterior Features

    Exterior Features: Lighting, Rain Gutters

  • Lot Information

    Main Square Feet: 7954 Lot Size Acres: 0.1826 Lot Size Source: Public Records Lot Size Square Feet: 7,954 Lot Description: 0-1 Unit/Acre

  • Listing Price Information

    Listing Price: $7300000
    Original Price: $7500000
    Cash, Cash to New Loan, Conventional

  • Tax Information

    Parcel Number: 7514001005 Tax Lot: 7 Tax Block: H

  • Parking Information

    Parking Total: 20 Garage, Tandem

    Garage Information

    Has Garage: Yes Garage Space: 10

  • Utility Information

    Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
  • Location Information

    Direction: Pacific coast hwy south to PV Blvd (Service Street) Elevated turn onto 124-128 PV Blvd WaterSource: Public Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
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Nearby Home Value

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1012 Emerald Street, Redondo Beach, CA, 90277 $1,225,000 1 1 616 2,809 Sq. Ft
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909 Garnet, Redondo Beach, CA, 90277 $1,649,999 5 3 1,660 5,008 Sq. Ft
1021 Camino Real, Redondo Beach, CA, 90277 $1,795,000 4 2 1,622 4,988 Sq. Ft
1029 Avenue A, Redondo Beach, CA, 90277 $2,249,000 3 2 1,411 6,610 Sq. Ft
1026 Avenue A, Redondo Beach, CA, 90277 $2,098,888 3 3 1,800 6,318 Sq. Ft
601 El Redondo, Redondo Beach, CA, 90277 $942,000 1 1 634 2,327 Sq. Ft
804 N Maria, Redondo Beach, CA, 90277 $4,750,000 4 6 5,168 6,876 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/18/2026 @ 04:32

MLS: SB26088593 LISTED BY: William Mulkey, TR Wealth Management Inc. 310-316-1014 SOURCE: CRMLS

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