906 Torrance Boulevard

Redondo Beach, CA 90277

– beds
– baths
– sqft
~1/2 acre lot
1962 build
– on site

More homes

This 26 Unit Property presents an opportunity to add value to a very desirable asset in a Premium location. The 906 Redondo Apts. is located in one of Southern California's most sought-after areas, Redondo Beach. It's about a mile from Redondo Pier/Fisherman's Wharf, and the Pacific Ocean. This is a mecca for weekend tourists with over 50 options for dining, shopping, and water activities. The charming Flatiron style building built in the 60's, sits on a robust commercial corner, but offers the tenants parking access off a quiet cul-de-sac. The unit mix is ideal with (2) 3 BR's; (7) 2BR's and (17) 1BR's. There are 24 covered parking spaces plus (3) garages. The front entrance features a lush garden with a tropical theme and a stairwell to the secure gate. That entry leads to an open courtyard with a heated pool, and lounge area for tenants. The property has been professionally managed for years and offers immediate and attainable upside of 27%. The city of Redondo Beach is subject only to state rent control (AB1482) and rents can be raised annually by 5% plus CPI.

Listed By CRMLS_CA / Keith Moret / Lyon Stahl Investment Real Estate, Inc.

Last checked: Checking… • Last updated Jan 18, 2025 •

MLS# 24437465 —

The Building

Year Built:

1962
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

19944.00
Total Number Of Units:

26
# of Buildings:

1
Architectural Style:

Mid Century Modern
Stories Total:

1
Faces:

North

Interior

Features:

Ceiling Fan(s)
Levels:

Two

Location

Directions:

West of Prospect Ave., South of Garnet St., North of Pearl St.
Latitude:

33.83837900
Longitude:

-118.37704700

The Property

Property Type:

Residential Income
Zoning:

RBC-2
Lot Size Area:

20390.0000
Lot Size Acres:

0.4681
Lot Size SqFt:

20390.00
Security Features:

Resident Manager, Gated Community

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7506022056

Heating & Cooling

Heating:

1
Heating:

Natural Gas
Cooling:

No
Cooling:

None

Appliances

Appliances:

Dishwasher, Disposal
Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Assigned, Garage
Parking Spaces:

27.00
Garage Spaces:

3.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/23/24 Dec 23, 2024	Sold	CRMLS_CA	$7,350,000	-10.9%
9/13/24 Sep 13, 2024	Pending	CRMLS_CA	$8,250,000
9/10/24 Sep 10, 2024	Listed / Active	CRMLS_CA	$8,250,000

Multifamily Sold on 12/23/2024

$7,350,000

Listing provided by broker:

Keith Moret

Lyon Stahl Investment Real Estate, Inc.

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Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 10:24 on Feb 08.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

906 Torrance Boulevard

Redondo Beach, CA 90277