Property details
Propery Type:
Apartments
Address:
622 S Pacific Coast Hwy Redondo Beach, CA 90277
Offering Price:
$1,750,000
Units:
3
Cap Rate:
3.73%
Listed By
Jonathan Weir
Senior Managing Director Investments
(424) 405-3900
Contact Us
Investment Highlights

Marcus & Millichap, as the exclusive listing agent, is pleased to present 622 South Pacific Coast Highway, a rare triplex investment opportunity located in the heart of South Redondo Beach. This pride-of-ownership asset offers investors the unique combination of stable current income and substantial future upside through the potential addition of up to three Accessory Dwelling Units (ADUs) (Buyer to verify). Pro forma rates reflect anticipated market rents once the proposed ADUs are constructed and operational. Ideally positioned just moments from the vibrant Riviera Village, tenants enjoy convenient access to an abundance of restaurants, boutique shopping, entertainment venues, and some of Southern California’s most desirable beaches. The property’s premier South Redondo location continues to benefit from strong rental demand driven by its coastal lifestyle, excellent schools, and proximity to major employment centers throughout the South Bay. With limited multifamily inventory available in South Redondo Beach and increasing demand for housing in the area, 622 South Pacific Coast Highway presents a compelling opportunity for investors seeking a well-maintained coastal asset with meaningful value-add potential and long-term appreciation prospects. For more information, please reach out.

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Listed By
Jonathan Weir
Senior Managing Director Investments
(424) 405-3900
Contact Us

622 S Pacific Coast Hwy

Redondo Beach, CA
90277
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