523 Avenue G 5 Unit Apartment Building $2,995,000 ($599,000/Unit) 3.77% Cap Rate Redondo Beach, CA 90277

Redondo Beach Gem! Welcome to 523 Avenue G, a rare generational asset situated in one of South Redondo Beach’s most sought-after neighborhoods. Offered for sale for the first time in more than 50 years, this pride-of-ownership property combines stable current income with significant potential for future rental growth. Originally built in 1958, the property has been exceptionally maintained and thoughtfully updated over the years, preserving its timeless character while enhancing long-term functionality. Recent capital improvements include a new roof, upgraded electrical panels, and completed termite treatment with clearance, providing peace of mind and minimizing near-term ownership expenses. Residents enjoy desirable amenities including in-unit washer and dryer hookups, covered garage parking for each unit, and an additional uncovered parking space per unit—an increasingly valuable feature in this highly supply-constrained coastal market. Ideally located with a Walk Score of 82, the property is just minutes from the shops and restaurants of the Hollywood Riviera, as well as some of Southern California’s finest beaches. The area is also served by highly regarded schools, including St. Lawrence Academy, Tulita Elementary School, and Riviera Hall Lutheran School. This offering presents an exceptional opportunity for investors seeking dependable cash flow, long-term appreciation, and value-add potential through strategic rental repositioning. Properties of this caliber and location rarely become available, making 523 Avenue G a truly unique investment in one of the South Bay’s premier beachside communities. 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)