How many Apartment Building listings are available for sale in Redondo Beach?
Currently, there are 14 Apartment Building listings for sale near Redondo Beach, CA. LoopNet continuously displays updated multi-family building listings, with new properties regularly included.
How much is an Apartment Building for sale in Redondo Beach?
The average price per square foot for Redondo Beach apartment buildings for sale is about $707.
When available, the price of these buildings in Redondo Beach, CA varies greatly based on the number of units, condition of the building, available amenities, general location, etc.
What is the average size of Apartment Buildings available for sale in Redondo Beach?
The average size of apartment buildings for sale in Redondo Beach, CA is approximately 9,691 SF. The largest building available is 59,760 SF and the smallest is 1,145 SF.
What is the average cap rate for Multi-family Properties in Redondo Beach?
Cap rates for apartment buildings in Redondo Beach, CA typically range between 2.05% and 5.56%, with variations influenced by factors including tenant quality, lease terms, and property age. Read
more about cap rates and the factors that influence them such as location, property type and market conditions.
Why are Apartment and Multi-family Buildings considered a good investment in Redondo Beach?
In general, buying an apartment building can be considered a good investment because they provide rental income from multiple sources which can diversify cash flow opportunities and reduce risk by having income streams from multiple sources.
Depending on the location within the city of Redondo Beach, apartment buildings have the potential to appreciate and increase rental income over time. There are also certain tax benefits available when it comes to investing in apartment buildings for sale in Redondo Beach, CA.
