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2226 Voorhees Ave 5 Unit Apartment Building $2,850,000 ($570,000/Unit) 4.66% Cap Rate Redondo Beach, CA 90278
INVESTMENT HIGHLIGHTS
- 5 units: (1) 3-bed 2-bath, (1) 2-bed 2-bath, & (3) 2-bed 1-bath
- Fully remodeled units maximizing cash flow and minimizing maintenance costs
- In-place 4.66% Cap Rate & In-place 14.98 GRM
- Conveniently located to major freeways, the beach, Schools, shopping, & dining
EXECUTIVE SUMMARY
Presenting 2226 Voorhees Ave, Redondo Beach! A fully remodeled 5-unit property offering investors a turnkey asset in a prime South Bay location. Situated near award-winning schools, just minutes from the beach, major freeways, and an array of shopping and dining, this property combines lifestyle appeal with strong rental demand. The unit mix consists of one 3-bedroom, 2-bathroom, one 2-bedroom, 2-bathroom, and three 2-bedroom, 1-bathroom apartments, all fully remodeled with modern finishes to minimize maintenance and maximize tenant attraction. With its coastal proximity, stable rental market, and turnkey condition, 2226 Voorhees Ave is a rare opportunity to acquire a high-performing multifamily property in one of the most sought-after communities in the South Bay.
PROPERTY FACTS
| Price | $2,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $570,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.66% | Building Size | 6,602 SF |
| Gross Rent Multiplier | 14.98 | No. Stories | 2 |
| No. Units | 5 | Year Built/Renovated | 1966/2025 |
| Property Type | Multifamily | Parking Ratio | 1.8/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RBR-2 | ||
| Price | $2,850,000 |
| Price Per Unit | $570,000 |
| Sale Type | Investment |
| Cap Rate | 4.66% |
| Gross Rent Multiplier | 14.98 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 6,602 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1966/2025 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | RBR-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,600 | - |
| 2+2 | 1 | $3,100 | - |
| 2+1 | 1 | $3,300 | - |
| 2+1 | 1 | $2,900 | - |
| 2+1 | 1 | $2,950 | - |
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Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 4155-017-003 | Improvements Assessment | $355,000 |
| Land Assessment | $1,420,000 | Total Assessment | $1,775,000 |
PROPERTY TAXES
Parcel Number
4155-017-003
Land Assessment
$1,420,000
Improvements Assessment
$355,000
Total Assessment
$1,775,000
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2226 Voorhees Ave
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