1102 Barbara St 4 Unit Apartment Building $2,950,000 ($737,500/Unit) 5.08% Cap Rate Redondo Beach, CA 90277

Matthews™ is pleased to present 1102 Barbara Street, a four-unit apartment building located in the heart of Redondo Beach, CA. The property features a desirable unit mix consisting of (1) three-bed/two-bath two-story home (approx. 1,400 SF) and (3) two-bedroom/two-bath units (each over 1,000 SF). Three of the four units have been recently and tastefully upgraded, showcasing modern finishes and high-quality improvements. Tenants pay their own utilities, and the units are currently enrolled in a RUBS (Ratio Utility Billing System) program that reimburses the owner for water, sewer, trash, and other shared utility expenses. One (1) two-bed/two-bath unit to be delivered vacant.
This offering presents an excellent opportunity for either an investor or owner-user to capitalize on strong rental demand and premium market rents in one of the South Bay’s most coveted coastal communities with no local rent control and 12% rental upside potential on current rents. Residents enjoy the best of coastal living in a highly sought-after South Bay neighborhood, just minutes from world-class beaches, parks, restaurants.
1102 Barbara Street is available as an individual purchase or part of a larger portfolio that includes 1100 Barbara Street, 1109 Barbara Street, and 1110 Barbara Street.