Now Fully Leased! Enormous brand new ground up construction 5 unit property (3+2 ADUs) with over 7200 rentable square feet on a 7500 square foot corner lot, located in the desirable North Redondo Beach. The property consists of five 3-bedroom units with modern high-end finishes, brand new stainless steal kitchen appliances, central AC, and new washer/dryers in every unit. Three units offer 3 bedrooms and 3 bathrooms, while two units feature 3 bedrooms and 2 bathrooms. The larger units include private balconies and two-car garages on the ground level along with a secondary primary suite, while the second level features open-concept living spaces and additional bedrooms. Two units also include a spacious loft overlooking the living area plus a third floor balcony. Super low expense building - all electric with separate meters for each unit and separate water meters for each unit, no gas. Property also includes solar panels for electricity generation and electric car charger conduits in the garages. Located just a short e-bike ride to the beach with easy access to the 405 freeway, this property offers strong rental appeal in a prime South Bay location. Projected 5% cap rate and 13.7 GRM, making this an attractive opportunity for investors seeking a newly built asset with low maintenance and modern layouts in a high-demand rental market.
Multi-familyProperty Type
2026Year Built
7,564 sq ftLot Size
$560Price/Sq.Ft.
6 garage spacesParking
Listed by Anthony Walker•DRE #01908153• Buckingham Investments, Inc
Listed by Matthew Mahowald•DRE #02001732• Buckingham Investments, Inc
Contact: 310-561-4776
Bought with Elena Moric•DRE #01494643• The Realestate Group
7610 SQ FT LOT Land Value 51 X 150 R-3 Zone. 3 Townhouse BUILDING SITE. Townhouses could be 2,000 each & would have a Ruhland address (corner of Inglewood Ave). Existing 3 Bedroom single family home is in TEAR DOWN condition. Highly rated Redondo Beach Schools and wonderful South Bay location. Lots of surrounding new construction in the area . Existing wire fence is at 54 feet. SUBMIT YOUR OFFER!!!! * * * * All Cash. West of Inglewood & South of Artesia.
Year
Property tax
Land + Additions
Assessment*
2025
$13,322 (+3.8%)
$1,061,208 + $21,224
$1,082,432
2024
$12,840 (+594.3%)
$1,040,400 + $20,808
$1,061,208
2023
$1,849 (+3.5%)
$1,020,000 + $20,400
$1,040,400
2022
$1,788 (+3.4%)
$59,113 + $12,222
$71,335
2021
$1,729 (+1.4%)
$57,954 + $11,983
$69,937
2020
$1,705 (+2.7%)
$56,818 + $11,749
$68,567
2019
$1,661 (+6.5%)
$56,236 + $11,629
$67,865
2018
$1,560 (+1.5%)
$55,134 + $11,401
$66,535
2017
$1,537 (+2.4%)
$52,994 + $10,959
$63,953
2016
$1,501 (+1.2%)
$52,994 + $10,959
$63,953
2015
$1,483 (+0.9%)
$51,955 + $10,745
$62,700
2014
$1,470 (+8.9%)
$50,173 + $10,377
$60,550
2012
$1,350 (+4.2%)
$49,947 + $10,331
$60,278
2011
$1,296 (+0.7%)
$48,968 + $10,129
$59,097
2010
$1,288 (+2.7%)
$48,008 + $9,931
$57,939
2009
$1,254 (+2.9%)
$47,650 + $9,857
$57,507
2008
$1,219
$47,764 + $9,881
$57,645
Public record
Public record
Permits
Beds
2
Baths
1
Stories
—
Lot width
—
Lot depth
—
Lot size
7,564 Sq. Ft.
Year renovated
1935
Sq. Ft.
1,138
Year built
1929
Style
Single Family Residential
County
Los Angeles County
APN
4153031024
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 7, 2026.
Jan 27, 2026 • Final
Pv standard submission
Electrical
Solar
Aug 20, 2024 • Active
Building residential
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
Uncovered Spaces: 2
# of Garage Spaces: 6
Direct Garage Access
Has Parking
# of Parking Spaces: 8
Interior
Laundry Information
Has Laundry
Inside
Interior Features
Entry Level: 1
Entry Location: 1
Levels: Three Or More
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: Lot Shape-Rectangular
Property Information
Total # of Units: 5
Common Walls: 2+ common walls, No one above
Parcel Number: 4153031024
Attached Property
Total # of Stories: 3
Year Built Source: Builder
Property ADU: No
# of Property ADU: 1
Financial
Lease / Rental Details
Operating Expense: $86,300
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Unit Type 1 Information
Unit Key Numeric: 417993329
Listing Key Numeric: 417993313
Actual Rent: $4,200
Total # of Baths: 2
# of Baths Full: 2
Total # of Beds: 3
Furnished: Unfurnished
Total Rent: $4,200
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 417993330
Listing Key Numeric: 417993313
Actual Rent: $3,500
Total # of Baths: 2
# of Baths Full: 2
Furnished: Unfurnished
Total # of Beds: 3
Total Rent: $3,500
Total # of Units: 1
Unit Type 3 Information
Listing Key Numeric: 417993313
Unit Key Numeric: 417993331
Actual Rent: $5,500
Total # of Baths: 3
# of Baths Full: 2
# of Baths Half: 1
Attached Garage: Yes
Total # of Beds: 3
# of Garage Spaces: 2
Furnished: Unfurnished
Total Rent: $5,500
Total # of Units: 1
Unit Type 4 Information
Listing Key Numeric: 417993313
Unit Key Numeric: 417993332
Actual Rent: $5,500
Total # of Baths: 3
# of Baths Full: 3
Attached Garage: Yes
Total # of Beds: 3
# of Garage Spaces: 2
Furnished: Unfurnished
Total Rent: $5,500
Total # of Units: 1
Unit Type 5 Information
Unit Key Numeric: 417993333
Listing Key Numeric: 417993313
Actual Rent: $5,700
Total # of Baths: 3
# of Baths Full: 3
Attached Garage: Yes
Total # of Beds: 3
# of Garage Spaces: 2
Furnished: Unfurnished
Total Rent: $5,700
Total # of Units: 1
Expenses
Total: $86,300
Pest Control: $1,200
Maintenance: $5,000
Licenses: $500
Insurance: $7,500
Electric: $1,800
New Taxes: $52,500
Gardener: $1,800
Multi-Unit Information
Net Operating Income: $210,520
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 7,235
Gross Scheduled Income: $306,000
Gross Multiplier: 13.7
Gross Income: $306,000
# Of Separate Water Meters: 5
# Of Separate Electric Meters: 5
# Of Buildings: 2
Neighborhood Information
Community Features: Suburban
Location Information
Latitude: 33.87595700
Longitude: -118.36155700
Directions: Just North of Artesia Blvd and Inglewood Ave
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 1,138
Stories: —
Lot Size: 7,564 square feet
Style: Single Family Residential
Year Built: 1929
Year Renovated: 1935
County: Los Angeles County
APN: 4153031024
Home facts updated by county records on Oct 7, 2026
Other
Listing Information
IDX Contact Info: 310-561-4776
Days Active in MLS: 56
Continuous Days Active in MLS: 56
Listing Agent Information
List Agent First Name: Anthony
List Agent Last Name: Walker
Co-List Agent First Name: Matthew
Co-List Agent Last Name: Mahowald
Listing Office Information
List Office Name: Buckingham Investments, Inc
Co-List Office Name: Buckingham Investments, Inc
Selling Agent Information
Buyer Agent First Name: Elena
Buyer Agent Last Name: Moric
Selling Office Information
Buyer Office Name: The Realestate Group
Around this home
Schools
Madison Elementary School
Public K-5 • Assigned • 0.4mi
9/10
Adams Middle School
Public 6-8 • Assigned • 0.7mi
8/10
Provided by GreatSchools
Historical weather
Redondo Beach, CA • 90278
Average low and high temperatures (°F)
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Sun exposure
58/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.