1314 Agate ST new Save Request In-Person Tour Request Virtual Tour
Redondo Beach,CA 90277
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25187495
HOA Y/N No
Year Built 1963
Lot Size 5,540 Sqft
Lot Dimensions Public Records
Property Sub-Type Quadruplex
Property Description
Ask About Potential Assumable Financing Available at 3.95%**
1314 Agate St is a well-positioned 4-unit apartment building in the highly desirable South Redondo Beach neighborhood. Offering a strong unit mix of spacious units, the property provides functional layouts and classic coastal appeal, with significant value-add potential as rents are brought to market levels. This opportunity allows investors to capitalize on South Redondo's historically strong rental demand and consistent appreciation trends, while benefiting from a well-maintained asset.
The property offers ample parking with (5) garage spaces and additional driveway parking, a highly sought-after feature in this beachside community. With a 4.30% CAP rate, 15.61 GRM, and a price of $537,500 per unit, the asset delivers strong in-place income with 21% rental upside. A projected 5.61% market CAP and 12.88 market GRM further highlight the property's long-term value once rents are adjusted to market.
Well-located in South Redondo, the property is just minutes from the Redondo Beach Pier, Riviera Village, and the Strand—offering tenants access to beaches, boutique shopping, dining, and year-round outdoor recreation. The location also provides excellent commuter access, just 7 miles south of LAX and 20 miles from Downtown LA, with top-rated schools in the Redondo Beach Unified School District. With its coastal proximity, strong appreciation potential, and value-add upside, this is an exceptional investment opportunity in one of LA's most in-demand coastal rental markets.
Location
State CA
County Los Angeles
Area 155 - S Redondo Bch N Of Torrance Bl
Zoning RBRMD
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Garage
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Biking,Dog Park
Total Parking Spaces 5
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7502014037
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard