4-Unit Apartment Building with
1102 Opal Street, Redondo Beach, CA 90277
For Sale
Contact for pricing
The unit mix pairs a three-bedroom townhouse with three two-bedroom apartments, each with two bathrooms.
Property Size4,610 SF
Lot Size0.17 Acres
Price / SF$497.83
Days on Market22
Property Features for 1102 Opal Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Financials
Cap Rate
Gross Rent Multiplier
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Tenant in Place
Listing Agency:
Shield Commercial Real Estate
Listed By:
Jonathan Nikfarjam · License CA #01856803
(310) 593-9868
Source:
Crexi
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 2:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shield Commercial Real Estate
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Investment Insights
Based on property information with market context.
This four-unit apartment property contains 4,610 square feet on a 7,300-SF lot. Its mix includes one three-bedroom, two-bathroom townhouse and three two-bedroom, two-bathroom apartments. Outdoor features include a private deck and yard at the townhouse, a patio and private yard at one apartment, and decks at the other two apartments. One two-bedroom unit has been renovated and is scheduled to be delivered vacant. The property also has six garage spaces, a newer roof, full copper plumbing, and a Ratio Utility Billing System for tenant utility reimbursements.
Located on a residential cul-de-sac in South Redondo Beach, the property is approximately 1 mile from the Redondo Beach Pier, King Harbor, and the Pacific Ocean. It sits east of PCH and near area retail, dining, and entertainment. Financial figures provided include a 4.73% current cap rate and 14.51 current GRM, with pro forma figures of 5.98% and 12.22, respectively.
Located on a residential cul-de-sac in South Redondo Beach, the property is approximately 1 mile from the Redondo Beach Pier, King Harbor, and the Pacific Ocean. It sits east of PCH and near area retail, dining, and entertainment. Financial figures provided include a 4.73% current cap rate and 14.51 current GRM, with pro forma figures of 5.98% and 12.22, respectively.
Key Highlights
- Four units: one 3‑bedroom/2‑bathroom townhouse and three 2‑bedroom/2‑bathroom apartments
- 4,610 square feet on a 7,300‑SF lot
- Six garage spaces; newer roof and full copper plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,507
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,610,140
$1.6M
Cap Rate 7%
$1,150,100
$1.2M
Cap Rate 9%
$894,522
$894.5K
Market Conditions
NOI Build-Up for 4,610 SF
Gross rent
$124.5K $27.00/SF
− Vacancy
−$9.5K −$2.05/SF
EGI
$115.0K $24.95/SF
− OpEx
−$34.5K −$7.48/SF
NOI
$80.5K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,610,140
Cap Rate 7%
$1,150,100
Cap Rate 9%
$894,522
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,507 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$1.06M
$927.2K – $1.24M
NOI $74,179 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,772 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,456
Businesses Nearby
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Business Placement
Demographics for 90277, CA
37,856
Population
18,229
Households
2.1
Avg Household Size
45
Median Age
70%
College-Educated
98%
High-School Grad
3.6 sq mi
ZIP Area
10,516
Density / Sq Mi
$131,985
Median Household Income
$87,191
Median Earnings
$2,621
Median Rent
$1,403,800
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Los Angeles County, CA
Properties on Market for Quadplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix pairs a three-bedroom townhouse with three two-bedroom apartments, each with two bathrooms.
Where is this quadplex located?
The property is located at 1102 Opal Street Redondo Beach, CA.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Four units: one 3‑bedroom/2‑bathroom townhouse and three 2‑bedroom/2‑bathroom apartments; 4,610 square feet on a 7,300‑SF lot; Six garage spaces; newer roof and full copper plumbing
