1716 Camino De La Costa, Redondo Beach, CA 90277

Active

$4,840,000

8 Units

2 Beds

1 Baths

6,778 Area(sq.ft.)

Lot: 6,764 Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
Unit 1	8	2	1	No	$ 17,995	$ 17,995	$ 24,000
	8	16	8		$ 143,960	$ 143,960	$ 192,000

MLS #:	OC25063474MR
Days On Market:	32
Listing Date:	March 24, 2025
County:	Los Angeles
Property Type:	Residential Income
Price per ft²:	$ 714
Price per unit:	$ 605,000
Year Built:	1958

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

LOCATION! LOCATION! LOCATION! Perfectly situated one block east of the beaches and waters of the majestic Pacific Ocean and one block west of the galleries, boutiques, restaurants and other attractions of Redondo Beach s bustling Riviera Village shopping district, 1716 Camino De La Costa offers investors tremendous economic upside in an unparalleled location. Featuring eight (8) 2-bedroom, 1-bath units and boasting an aggregate of approximately 6,778 square feet of living space on a lot of approximately 6,764 square feet, as well as eight (8) semi-subterranean on-site parking garages, the property s historically low vacancy rates are a testament to both its own desirability as well as the strength of the South Redondo Beach rental market in general. At 100% occupancy at the time of listing with all tenants on month-to-month leases at below market rental rates, this property will provide an investor with the opportunity to realize both the immediate income and stability offered by a fully leased asset, as well as the flexibility and potential economic benefits presented by its short-term tenancies.