Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    118 S Lucia Ave Redondo Beach, CA 90277

    Sponsored
    For Sale
    $2,795,000

    Quadruplex - Redondo Beach, CA

    Type:Quadruplex
    Property size:
    5,124 SF
    Lot size:
    6,164.00 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 24 at 10:06 pm

    Property Features for 118 S Lucia Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    Bathrooms
    9
    APN
    7506001024
    Parking
    5
    Parking features
    Assigned
    Exterior features
    Community Features Included: Curbs, Gutters, Sidewalks, Street Lights, Rectangular Lot
    Size
    5,124 SF
    Lot size
    6,164.00 Acres

    Building Details

    Year built
    1971
    Floors in Building
    2
    Number of units
    4
    Architectural style
    Other

    We can help!

    Listing Contact
    Bill Ruane
    Bill Ruane

    Estate Properties (310) 378-9494

    Listing agent Bill Ruane (310) 378-9494 License #00972400

    Listing date Feb 23, 2026

    MLS# SB26040192 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Redondo Beach Quadruplex with Decks

    This large four-unit building features spacious townhouse-style units, each with its own private rooftop deck. The property is located near highly-rated schools, the beach, and a variety of shopping and dining options. The units consist of one 3-bedroom, 2.5-bathroom front unit and three 2-bedroom, 1.5-bathroom units. Ample parking is available with three 2-car garages. The garages and the lower level of the 3-bedroom front unit present a potential Accessory Dwelling Unit (ADU) opportunity, subject to city approval, which could further increase income. The property is located in Redondo Beach, which is subject to state rent control (AB1482). The lot size is approximately 0.14 acres. The property size is 5124 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Redondo Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.377341
    Latitude
    33.84139

    Nearby Similar for Sale

    • New
      $3,250,000
      3,067 SF

      Redondo Beach Coastal Quadruplex Opportunity

      Single-level 4-plex near the ocean, remodeled and fully furnished.
      1719 Camino De La Costa, Redondo Beach, CA 90277
      View Details
    • New
      $3,399,000
      5,130 SF

      Redondo Beach Multifamily Investment

      Rare opportunity in desirable South Redondo Beach location.
      523 Avenue G, Redondo Beach, CA 90277
      View Details
    • $1,599,000
      2,388 SF

      Charming Redondo Beach Duplex

      Duplex near Redondo Union High School and the beach.
      312 N Prospect Ave, Redondo Beach, CA 90277
      View Details
    • $2,599,000
      4,645 SF

      Redondo Beach Quadruplex Investment Opportunity

      Four-unit complex in North Redondo Beach, fully tenant occupied.
      2217 Voorhees Ave, Redondo Beach, CA 90278
      View Details
    • $7,950,000
      7,584 SF

      Redondo Beach Apartment Building Opportunity

      Eleven-unit apartment building near the ocean in Redondo Beach, CA.
      1505 S Catalina Ave, Redondo Beach, CA 90277
      View Details
    • $2,399,900
      2,261 SF

      Redondo Beach Retail/Office Space

      Retail and office space in prime Redondo Beach location.
      512 N Pacific Coast Hwy, Redondo Beach, CA 90277
      View Details
    • $2,500,000
      4,132 SF

      North Redondo Beach Multifamily Investment

      Five-unit property in North Redondo Beach, ideal for investors.
      2227 Mathews Ave, Redondo Beach, CA 90278
      View Details
    • $2,695,000
      2,500 SF

      Iconic Riviera Village Landmark Building

      Rare opportunity in Redondo Beach's Riviera Village.
      165 Palos Verdes Blvd, Redondo Beach, CA 90277
      View Details
    • $2,350,000
      4,917 SF

      Redondo Beach Four-Unit Income Property

      Four-unit income property in a prime coastal location.
      2220 Huntington Ln, Redondo Beach, CA 90278
      View Details
    • $299,998

      Redondo Beach Restaurant with Liquor

      Established Redondo Beach restaurant with type 47 liquor license for sale.
      Redondo Beach, CA 90277
      View Details
    • $1,549,000

      Remodeled Townhome with Private Backyard

      Stylish, remodeled townhome in North Redondo Beach with a spacious backyard.
      2517 Harriman Ln, Redondo Beach, CA 90278
      View Details
    • $1,399,000

      Coastal Living Townhome Near Beach

      Cape Cod-inspired townhome blocks from the beach with updated features.
      515 S Broadway, Redondo Beach, CA 90277
      View Details

    FAQs

    What type of property is this?
    Quadplex - Spacious four-unit building with rooftop decks near beach.
    Where is this quadplex located?
    The property is located at 118 S Lucia Ave Redondo Beach, CA.
    What is the asking price?
    The asking price for this property is $2,795,000.
    What are key features of this property?
    This property features: - Four spacious townhouse-style units.; - Private rooftop decks for each unit.; - Ample parking with three 2-car garages.
    (310) 877-2374
    Request Owner's contact information
    118 S Lucia Ave Redondo Beach, CA 90277
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    118 S Lucia Ave
    Redondo Beach, CA 90277
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    118 S Lucia Ave Redondo Beach, CA 90277
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bill Ruane
    Bill Ruane
    Real Estate License ID: 00972400
    (310) 877-2374 (310) 378-9494 (310) 322-1425
    Learn more
    Google sign-in failed. Please try again or use another login method.