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Back 108 North Broadway
Off Market

108 North Broadway

Redondo Beach CA 90277

4
5
6
4352 sq. ft.
7608 sq. ft.
Other
Last sold for $2,015,000
Gianluca JacoliGianluca Jacoli, last sold this property on 28 August 2025 after 103 days on market.

Overview

This six-unit apartment building, located in the highly desirable South Redondo Beach (west of PCH and near the coast), presents a compelling investment opportunity. The property is deemed historic (designated landmark). Offered at an attractive $382,500 per unit, the property boasts a solid 5.02% current cap rate and a 13.96 GRM. With three units to be delivered vacant, new ownership has an immediate opportunity for owner-occupancy or to renovate and achieve market rents, driving the pro-forma cap rate to an impressive 6.03%. The diverse unit mix, coupled with a substantial 7,608-SF lot and the absence of local rent control (defaulting to AB 1482), further enhance the value-add potential of this generational asset in a prime coastal location.

Features

4 bedrooms
5 bathrooms
6 carspaces
1 garage space
4352 sq. ft. floor area
7608 sq. ft. lot size
Other

Estimated Value

We need at least 3 similar 4 bedroom other properties sold in Redondo Beach over the last 12 months.

Property history for 108 North Broadway

2025
Sold
$2,015,000
28 Aug 2025 by Gianluca Jacoli, of Shield CRE, Inc.

Happy sellers in Redondo Beach

87%
87% of sellers in Redondo Beach reported that their sale price either exceeded or met their price expectations.

Redondo Beach stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Redondo Beach over the last 12 months.

Local market activity for 4 bedroom other properties in Redondo Beach

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