Under Contract

525 N Francisca Avenue

Redondo Beach, CA 90277
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Bed 24

Bed

Bath 0

Bath

SqFt12,192

Sqft

SqFt11,364

Sqft(Lot)

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 wh ich 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $6,100,000

AD Id : 76807585

MLS Id : 26674141

Beds : 24

Lot Size : 11,364 Sqft

Living Area Size : 12,192

Year Built : 1964

Garage : 12

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 24

    Bathroom Information

    Total Baths: 24 Full Baths: 0 Half Baths: 0
  • Interior Features

    Property Appliances: Washer

  • Building Information

    Year Built: 1964 Building Area Total: 12,192
  • Laundry Features

    Laundry Room

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2609 Lot Size Dimensions: 70x151
  • Lot Size Source: Estimated Lot Size Square Feet: 11364

  • Listing Price Information

    Original List Price: 6,100,000 Listing Contract Date: 2026-04-06
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 7503011032

  • Garage and Parking

    Garage Description: Garage

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Under Contract Source Neighborhood: 157 - S Redondo Bch W of PCH Postal Code Plus 4: 2124 Directions: West of PCH, South of Herondo Street, East of Elena Avenue, North of Beryl Street Zoning: RBR-3A Source Property Type: Residential Income Area: 157 - S Redondo Bch W of PCH
  • Building and Construction

    Property Age: 62 Year Built Source: Other Total Square Feet Living: 12192 Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
416 N Prospect Ave, Redondo Beach, CA, 90277 $1,499,000 4 2 1,760 1,760 SqFt
1304 Amethyst Street, Redondo Beach, CA, 90277 $2,249,000 9 -- 4,260 4,260 SqFt
309 S Prospect Avenue, Redondo Beach, CA, 90277 $1,339,000 3 2 1,086 1,086 SqFt
1110 Barbara Street, Redondo Beach, CA, 90277 $4,250,000 13 -- 6,792 6,792 SqFt
907 Diamond Street, Redondo Beach, CA, 90277 $1,600,000 4 1 1,594 1,594 SqFt
601 El Redondo, Redondo Beach, CA, 90277 $999,999 1 1 634 634 SqFt
804 N Maria, Redondo Beach, CA, 90277 $4,998,000 5 6 5,168 5,168 SqFt
1007 Avenue C, Redondo Beach, CA, 90277 $1,998,000 3 2 1,782 1,782 SqFt
619 Beryl Street, Redondo Beach, CA, 90277 $1,799,000 4 3 2,146 2,146 SqFt
610 Carnelian, Redondo Beach, CA, 90277 $2,299,000 7 3 2,546 2,546 SqFt

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ByOwner last updated this listing 06/12/2026 @ 18:25

MLS: 26674141 LISTED BY: Gianluca Jacoli, Shield CRE, Inc. 310-593-9869 SOURCE: CRMLS

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