All-Electric Fourplex with Five
1304 Amethyst Street Redondo Beach, CA 90277
1304 Amethyst Street, Redondo Beach, CA, 90277
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For Sale
Contact for pricing
Four-unit rental with an all-electric configuration, a 4-bedroom front unit, and five garage spaces.
Property Size4,260 SF
Price / SF$536.38
Days on Market97
Property Features for 1304 Amethyst Street
General Information
- Standard status
- Active
- Size
- 4,260 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing agency
Shield Commercial Real Estate
Listed by
Luca Jacoli · License #CA 01938297
Source
Crexi
Added: Apr 17 Updated: Jul 21 at 2:11PM Checked: Jul 21 at 2:11PM
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
Investment Insights
Based on property information with market context.
This fourplex offers a rental unit mix consisting of one 4-bed/1.75-bath front unit, two 2-bed/1.75-bath units, and one 1-bed/1-bath unit. The property is configured as all-electric, eliminating gas expenses, and includes five garage spaces for tenant parking. Exterior improvements include a recently painted exterior and new landscaping.
Positioned approximately one mile from the Redondo Beach Pier, King Harbor, and the Pacific Ocean, the property provides convenient access to coastal dining, retail, and lifestyle amenities. The asset is not subject to local rent control, with AB 1482 only, and is described as allowing for consistent and favorable rent growth. The offering also qualifies for residential financing, expanding potential buyer loan options.
Per the provided information, the current financial profile is cited at a 4.26% current cap rate and 15.95 GRM, with a pro-forma projection of a 5.91% cap rate and 12.54 GRM. Please note that buyers should conduct their own due diligence regarding size, condition, financials, and features.
Positioned approximately one mile from the Redondo Beach Pier, King Harbor, and the Pacific Ocean, the property provides convenient access to coastal dining, retail, and lifestyle amenities. The asset is not subject to local rent control, with AB 1482 only, and is described as allowing for consistent and favorable rent growth. The offering also qualifies for residential financing, expanding potential buyer loan options.
Per the provided information, the current financial profile is cited at a 4.26% current cap rate and 15.95 GRM, with a pro-forma projection of a 5.91% cap rate and 12.54 GRM. Please note that buyers should conduct their own due diligence regarding size, condition, financials, and features.
Key Highlights
- Fourplex built in 1963, featuring an all‑electric configuration
- Unit mix: one 4‑bed/1.75‑bath front unit, two 2‑bed/1.75‑bath units, and one 1‑bed/1‑bath unit
- Investment metrics: 4.26% current cap rate and 15.95 GRM; pro‑forma 5.91% cap rate and 12.54 GRM
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.0k | $27.00 |
| − Vacancy | −$8.7k | −$2.05 |
| EGI | $106.3k | $24.95 |
| − OpEx | −$31.9k | −$7.48 |
| NOI | $74.4k | $17.46 |
4,260 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$929.9K – $1.24M
NOI $74,395 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$979.2K
$856.8K – $1.14M
NOI $68,547 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$2.28M
$2.00M – $2.66M
NOI $159,655 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit rental with an all-electric configuration, a 4-bedroom front unit, and five garage spaces.
Where is this quadplex located?
The property is located at 1304 Amethyst Street Redondo Beach, CA.
What is the asking price?
The asking price for this property is $2,285,000.
What are key features of this property?
This property features: Fourplex built in 1963, featuring an all‑electric configuration; Unit mix: one 4‑bed/1.75‑bath front unit, two 2‑bed/1.75‑bath units, and one 1‑bed/1‑bath unit; Investment metrics: 4.26% current cap rate and 15.95 GRM; pro‑forma 5.91% cap rate and 12.54 GRM
