Under Contract

702 S Pacific Coast Highway

Redondo Beach, CA 90277
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Bed 6

Bed

Bath 0

Bath

SqFt2,936

Sqft

SqFt8,512

Sqft(Lot)

This exceptional fourplex presents a desirable owner-user opportunity in the highly sought-after South Redondo Beach market. The property features a vacant 2-bedroom unit - ideal for an investor looking to live on-site while generating supplemental rental income. Situated just blocks from the Pacific Ocean, the Redondo Beach Pier, and King Harbor, and less than one mile from Riviera Village, the property offers unparalleled access to premier coastal amenities, dining, and retail. Set on a spacious 8,512-square-foot lot, the asset also provides significant upside potential through the addition of ADUs, allowing a buyer to further enhance cash flow and long-term value (Buyer to verify). The property benefits from a highly attractive operating profile, with tenants responsible for electricit y, gas, and cable/internet expenses while the landlord is only responsible for water, helping to minimize operating expenses. Not subject to local rent control and governed solely by AB 1482, the asset allows for favorable annual rent increases. Additional features include ample on-site parking with four garages and two surface spaces, as well as eligibility for residential financing, broadening the buyer pool and offering more competitive loan terms. With a strong 4.18% current cap rate and 16.31 GRM, along with a 4.77% pro-forma cap rate and 14.86 GRM, this investment offers both stable in-place income and meaningful upside potential.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,049,999

AD Id : 76870550

MLS Id : 26683107

Beds : 6

Lot Size : 8,512 Sqft

Living Area Size : 2,936

Year Built : 1943

Garage : 4

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 6

    Bathroom Information

    Total Baths: 4 Full Baths: 0 Half Baths: 0

  • Building Information

    Year Built: 1943 Building Area Total: 2,936

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1954
  • Lot Size Source: Estimated Lot Size Square Feet: 8512

  • Listing Price Information

    Original List Price: 2,049,999 Listing Contract Date: 2026-04-08
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 7508024027

  • Garage and Parking

    Garage Description: Assigned,Garage

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Under Contract Source Neighborhood: 156 - S Redondo Bch S of Torrance Bl Directions: South of Sapphire Street, West of Gertruda Avenue, East of Alvira Street, North of Knob Hill Avenue Zoning: RBRH-1 Source Property Type: Residential Income Area: 156 - S Redondo Bch S of Torrance Bl
  • Building and Construction

    Property Age: 83 Year Built Source: Other Total Square Feet Living: 2936 Levels or Stories: One,Two Building Total Stories: 1
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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
1211 Beryl Street, Redondo Beach, CA, 90277 $8,350,000 25 -- 11,417 11,417 SqFt
309 S Prospect Avenue, Redondo Beach, CA, 90277 $1,339,000 3 2 1,086 1,086 SqFt
909 Garnet, Redondo Beach, CA, 90277 $1,699,999 5 3 1,660 1,660 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

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ByOwner last updated this listing 06/10/2026 @ 20:00

MLS: 26683107 LISTED BY: Gianluca Jacoli, Shield CRE, Inc. 310-593-9869 SOURCE: CRMLS

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