319 N Gertruda Avenue, Redondo Beach, CA 90277 (MLS # 26854135)

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PRICE $1,650,000 dsIDX morgage calculator
BEDS 4
BATHS 5
HOME SIZE 2,669 sqft
LOT SIZE 5,724 sqft
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319 N. Gertruda Avenue presents a compelling opportunity to acquire a charming multifamily asset in the heart of South Redondo Beach. Ideally situated within a few blocks of the Redondo Beach Pier, King Harbor, and the Pacific Ocean, the property offers tenants an exceptional coastal lifestyle with convenient access to the beach, Riviera Village, Pacific Coast Highway, local cafs, restaurants, and everyday amenities. Positioned on a sizable 5,724-SF lot, the property is comprised of (4) 1-bedroom/1-bathroom units and a detached studio/1-bathroom unit that will be delivered vacant. The character-rich residences feature hardwood floors, crown molding, and classic architectural details that contribute to the property's timeless appeal.From an investment perspective, the asset offers strong in-place income with meaningful rental upside, featuring a 5.24% current cap rate and 13.78 GRM with the potential to achieve a 6.09% pro-forma cap rate and 12.22 GRM. The property is enrolled in the Mills Act program, providing significant property tax savings that enhance cash flow and long-term returns, and is not subject to local rent control, defaulting instead to AB 1482. Priced at only $330,000 per unit, the offering presents exceptional intrinsic value along with potential opportunity to add ADU(s), subject to buyer verification of zoning, feasibility, and permitting requirements.

DAYS ON MARKET 1 LAST UPDATED 6/30/2026
YEAR BUILT 1912 COMMUNITY 155 - S Redondo Bch N of Torrance Bl
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AREA 155 - S Redondo Bch N of Torrance Bl
LOT 5724 sq ft
LOT DIMENSIONS 40x143
PARKING Assigned
STORIES One, Two
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Listing provided by : Gianluca Jacoli CalDRE: N, Shield CRE, Inc.

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