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1110 Barbara
Redondo Beach, CA 90277
Multifamily Property For Sale
·
7 Units
Investment Highlights
- 1110 Barbara Street is a seven-unit apartment building in the heart of Redondo Beach, one of the South Bay's most desirable coastal submarkets.
- Four of the seven units recently and tastefully upgraded with modern finishes and high-quality improvements.
- Stabilized with 16% upside through continued renovations, capitalizing on strong rental demand and premium market rents.
- Strong unit mix anchored by a 3-bed/2-bath two-story home (approx. 1,400 SF) plus (4) 2-bed/2-bath & (2) 1-bed/1-bath units.
- Tenants pay their own utilities with a RUBS program in place that reimburses ownership and lowers the expense ratio.
- Prime South Bay location just minutes from world-class beaches, parks, top-rated schools, and the Redondo Beach Pier.
Executive Summary
Matthews™ is pleased to present 1110 Barbara Street, a seven-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), (4) two-bedroom/two-bath (each over 1,000 SF), and (2) one-bed/one-bath units. Four of the seven 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 an investor 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 16% 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.
This offering presents an excellent opportunity for an investor 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 16% 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.
Property Facts
| Price Per Unit | $607,143 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.83% | Lot Size | 0.26 AC |
| Gross Rent Multiplier | 14.46 | Building Size | 6,792 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1965/2024 |
| Zoning | RMD, Redondo Beach - Residential | ||
| Price Per Unit | $607,143 |
| Sale Type | Investment |
| Cap Rate | 4.83% |
| Gross Rent Multiplier | 14.46 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 6,792 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2024 |
| Zoning | RMD, Redondo Beach - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 650 |
| 2+2 | 4 | - | 950 |
| 3+2 | 1 | - | 1,600 |
Property Taxes
| Parcel Number | 7507-023-022 | Improvements Assessment | $1,533,290 |
| Land Assessment | $2,406,018 | Total Assessment | $3,939,308 |
Property Taxes
Parcel Number
7507-023-022
Land Assessment
$2,406,018
Improvements Assessment
$1,533,290
Total Assessment
$3,939,308
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