523 Avenue G 15 Unit Apartment Building Offered at $3,399,000 at a 3.07% Cap Rate Redondo Beach, CA 90277

Location! Location! Location! Welcome to 523 Avenue G, a rare generational offering located in one of the most desirable enclaves of South Redondo Beach. Available for the first time in over 50 years, this pride-of-ownership property provides strong in-place income with meaningful rental upside potential. Built in 1958, the property has been meticulously maintained and thoughtfully improved, preserving its classic charm while ensuring modern reliability. Recent upgrades include a new roof, upgraded electrical panels and completed termite treatment with clearance, allowing a new owner to step into a property with major expenses already addressed. Additional tenant amenities include washer & dryer hookups, covered garage parking for each unit plus an additional uncovered parking space per unit - a competitive advantage in this supply-constrained beach submarket. With a Walk Score of 82, this property is conveniently located just minutes away from the Hollywood Riviera shops & restaurants as well as one of the nicest beaches in Southern California. Award winning Schools such as St Lawrence, Tulita Elementary and Riviera Hall also round out this amazing location. This offering is well-suited for investors seeking stable cash flow, long-term appreciation potential and operational upside through rental repositioning. 523 Avenue G is a rare and valuable amenity in a fabulous beachside community.
Side Notes - (Repairs, remodels & Upgrades) - New roof (June 2022), Termite Tenting (August 2021), Full Building Painted (May2022), All New Electrical (Jan 2026), Stair & Deck SB 721 Inspection & Repairs (June 2025), Unit A Remodel (Jan 2019), Unit B Remodel (Jan of 2023). Unit D Remodel (Feb 2025), Unit E Remodel (Oct 2025)