1109 Barbara St 4 Unit Apartment Building $2,950,000 ($737,500/Unit) 4.92% Cap Rate Redondo Beach, CA 90277

Matthews™ is pleased to present 1109 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.
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 14% 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.
1109 Barbara Street is available as an individual purchase or part of a larger portfolio that includes 1100 Barbara Street, 1102 Barbara Street, and 1110 Barbara Street.