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1302 Amethyst St 4 Unit Apartment Building $2,870,000 ($717,500/Unit) 4.97% Cap Rate Redondo Beach, CA 90277
Investment Highlights
- Fully renovated 4-unit building in the heart of South Redondo Beach
- Luxury vinyl plank flooring, quartz countertops, and stainless-steel appliances throughout
- Walking distance to top-rated schools, parks, and highly-praised eateries
- Complete gut renovation means zero deferred maintenance and no near-term capex, positioning a new owner to step into stabilized income from day one
- In-unit washer/dryer and smart home features in every residence
- Easy access to major freeways and just 20 minutes from LAX
Executive Summary
Matthews™ is pleased to present 1302 Amethyst Street, a fully renovated and upgraded four-unit apartment building located in the heart of Redondo Beach, CA. Situated on a quiet cul-de-sac just minutes from the beach, Redondo Beach Pier, and top-rated South Bay dining, this property has been fully reimagined to offer a premium, modern living experience with strong tenant appeal.
The property features a desirable unit mix consisting of (1) 4-bed/2-bath townhome-style unit, (2) 2-bed/2-bath units, and (1) 1-bed/1-bath unit. The four-bedroom residence features direct access to a two-car garage with additional storage room, a private enclosed patio, and a fireplace. Three additional private one-car garages serve the remaining units. Every residence is top-floor or features top-floor placement within the building, offering added privacy and natural light throughout.
A true, turnkey asset, this offering presents an excellent opportunity for maintenance-free ownership. With no local rent control and two of four units currently available for lease-up at premium market rents, this asset offers a rare combination of near-term income upside and long-term appreciation potential in one of the South Bay's most coveted coastal communities.
Designer Interior Upgrades
*Modern Coastal Aesthetic: Each residence features durable luxury vinyl plank flooring, custom soft-close cabinetry, and a full interior refacing with contemporary "orange peel" texturing.
*Gourmet Kitchens: Chef-inspired spaces equipped with brand-new energy-efficient stainless-steel appliances, a designer range hood, and waterfall-edge quartz countertops.
*Luxury Bathrooms: Fully updated with modern tiled tub and shower enclosures, new toilets, designer plumbing fixtures, and built-in linen storage.
*In-Unit Laundry: Washer/dryer included in every unit.
*Smart Home Features: Nest camera and keyless entry provide added convenience and security for residents.
*Premium Details: All-new interior and closet doors upgraded electrical systems, custom window coverings, and additional built-in storage throughout.
The property features a desirable unit mix consisting of (1) 4-bed/2-bath townhome-style unit, (2) 2-bed/2-bath units, and (1) 1-bed/1-bath unit. The four-bedroom residence features direct access to a two-car garage with additional storage room, a private enclosed patio, and a fireplace. Three additional private one-car garages serve the remaining units. Every residence is top-floor or features top-floor placement within the building, offering added privacy and natural light throughout.
A true, turnkey asset, this offering presents an excellent opportunity for maintenance-free ownership. With no local rent control and two of four units currently available for lease-up at premium market rents, this asset offers a rare combination of near-term income upside and long-term appreciation potential in one of the South Bay's most coveted coastal communities.
Designer Interior Upgrades
*Modern Coastal Aesthetic: Each residence features durable luxury vinyl plank flooring, custom soft-close cabinetry, and a full interior refacing with contemporary "orange peel" texturing.
*Gourmet Kitchens: Chef-inspired spaces equipped with brand-new energy-efficient stainless-steel appliances, a designer range hood, and waterfall-edge quartz countertops.
*Luxury Bathrooms: Fully updated with modern tiled tub and shower enclosures, new toilets, designer plumbing fixtures, and built-in linen storage.
*In-Unit Laundry: Washer/dryer included in every unit.
*Smart Home Features: Nest camera and keyless entry provide added convenience and security for residents.
*Premium Details: All-new interior and closet doors upgraded electrical systems, custom window coverings, and additional built-in storage throughout.
Property Facts
| Price | $2,870,000 | Apartment Style | Low-Rise |
| Price Per Unit | $717,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.97% | Building Size | 4,186 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1963/2026 |
| Property Subtype | Apartment | Parking Ratio | 1.43/1,000 SF |
| Zoning | RBRMD - Medium Density Multi-Family Residential Zone | ||
| Price | $2,870,000 |
| Price Per Unit | $717,500 |
| Sale Type | Investment |
| Cap Rate | 4.97% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 4,186 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2026 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | RBRMD - Medium Density Multi-Family Residential Zone |
Amenities
Site Amenities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | - | - |
| 2+2 | 2 | - | - |
| 1+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 7502-015-029 | Improvements Assessment | $404,000 |
| Land Assessment | $1,600,000 | Total Assessment | $2,004,000 |
Property Taxes
Parcel Number
7502-015-029
Land Assessment
$1,600,000
Improvements Assessment
$404,000
Total Assessment
$2,004,000
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1302 Amethyst St