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2420 Grant Ave 5 Unit Apartment Building $3,675,000 ($735,000/Unit) 4.59% Cap Rate Redondo Beach, CA 90278
EXECUTIVE SUMMARY
2420 Grant Avenue presents a rare opportunity to acquire a turnkey 5-unit multifamily asset in one of the South Bay’s most desirable rental markets. Fully renovated inside and out, the property features a clean unit mix with long-term, stable tenants—offering immediate cash flow with significant upside in rental income over time.
Each unit has been thoughtfully updated with modern finishes, including new kitchens, updated bathrooms, flooring, and fixtures. The exterior has also been improved, offering strong curb appeal and low-maintenance operation.
Highlights:
5 fully renovated units in excellent condition
Long-term, stable tenants with consistent rent collection
Prime Redondo Beach location just minutes from beaches, schools, and major employers
Low-maintenance asset with minimal deferred maintenance
Excellent 1031 exchange or long-term hold opportunity
With strong in-place income and very limited multifamily supply in Redondo Beach, this is a rare chance to own a high-quality asset in a supply-constrained, high-demand rental market.
Each unit has been thoughtfully updated with modern finishes, including new kitchens, updated bathrooms, flooring, and fixtures. The exterior has also been improved, offering strong curb appeal and low-maintenance operation.
Highlights:
5 fully renovated units in excellent condition
Long-term, stable tenants with consistent rent collection
Prime Redondo Beach location just minutes from beaches, schools, and major employers
Low-maintenance asset with minimal deferred maintenance
Excellent 1031 exchange or long-term hold opportunity
With strong in-place income and very limited multifamily supply in Redondo Beach, this is a rare chance to own a high-quality asset in a supply-constrained, high-demand rental market.
PROPERTY FACTS
| Price | $3,675,000 | Apartment Style | Low-Rise |
| Price Per Unit | $735,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.59% | Building Size | 4,250 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1952/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Zoning | RBR-3 - Limited Density Multiple Residence | ||
| Price | $3,675,000 |
| Price Per Unit | $735,000 |
| Sale Type | Investment |
| Cap Rate | 4.59% |
| Sale Condition | 1031 Exchange |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,250 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1952/2021 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | RBR-3 - Limited Density Multiple Residence |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Oven
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 750 - 825 |
| 3+2 | 1 | - | 1,000 |
1 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 4157-018-002 | Improvements Assessment | $699,249 |
| Land Assessment | $1,082,432 | Total Assessment | $1,781,681 |
PROPERTY TAXES
Parcel Number
4157-018-002
Land Assessment
$1,082,432
Improvements Assessment
$699,249
Total Assessment
$1,781,681
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Jensen Realty
2420 Grant Ave
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