Four-Unit Residential Income
For Sale
$2,250,000
2107 Voorhees Ave, Redondo Beach, CA 90278
All four residences are vacant, each has private outdoor space, and the property includes six single-car garages.
Property Size4,285 SF
Lot Size0.17 Acres
Price / SF$525.09
Days on Market26
Property Features for 2107 Voorhees Ave
General Information
Standard status
Active
Size
4,285 SF
Total Parking Spaces
6
Lot size
0.17 Acres
Property subtype
MULTI_FAMILY
Units
Unit Mix
2 x 2BR/1.5BA townhouse, 1 x 2BR/1.5BA, 1 x 3BR/2BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$28,125
Building Details
Building Size
4,285 SF
Year Built
1969
Buildings
1
Listing Agency:
Shield CRE, Inc.
Listed By:
Gianluca Jacoli · License #01938297
(510) 708-2662
Source:
Eliterepresentation
Added: Oct 5
Changed: Oct 27
Last Checked: Oct 27 at 4:14AM
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 CRE, Inc.
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Investment Insights
Based on property information with market context.
This 1969 four-unit residential property contains 4,285 square feet on a 7,492-square-foot lot. The mix includes two 2-bedroom, 1.5-bath townhouse-style residences, another 2-bedroom, 1.5-bath unit, and a 3-bedroom, 2-bath unit. The last residence is described as a large 2-bedroom plus den, with the den sized for use as a third bedroom. Washer and dryer hookups are provided in that unit. Outdoor areas include patios for three residences and rooftop decks for two; one residence has both a patio and rooftop deck. Six single-car garages serve the property. All units are scheduled to be vacant at closing, and the sale is as-is.
The property is in Redondo Beach, within the Redondo Beach Unified School District. Manhattan Beach, Hermosa Beach, the beach, and South Bay Galleria are described as minutes away. No local rent control applies. Scheduled as-is performance at lease-up is a 4.66% cap rate and 14.76 GRM; the post-renovation pro forma figures are a 5.12% cap rate and 13.79 GRM.
The property is in Redondo Beach, within the Redondo Beach Unified School District. Manhattan Beach, Hermosa Beach, the beach, and South Bay Galleria are described as minutes away. No local rent control applies. Scheduled as-is performance at lease-up is a 4.66% cap rate and 14.76 GRM; the post-renovation pro forma figures are a 5.12% cap rate and 13.79 GRM.
Key Highlights
- Four residences totaling 4,285 square feet on a 7,492‑square‑foot lot
- Unit mix: two 2‑bedroom, 1.5‑bath townhouse‑style homes, one 2‑bedroom, 1.5‑bath unit, and one 3‑bedroom, 2‑bath unit
- Six single‑car garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,832
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,496,640
$1.5M
Cap Rate 7%
$1,069,029
$1.1M
Cap Rate 9%
$831,467
$831.5K
Market Conditions
NOI Build-Up for 4,285 SF
Gross rent
$115.7K $27.00/SF
− Vacancy
−$8.8K −$2.05/SF
EGI
$106.9K $24.95/SF
− OpEx
−$32.1K −$7.48/SF
NOI
$74.8K $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%
$1,496,640
Cap Rate 7%
$1,069,029
Cap Rate 9%
$831,467
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$935.4K – $1.25M
NOI $74,832 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$985.0K
$861.9K – $1.15M
NOI $68,949 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,592 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,345
Businesses Nearby
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Business Placement
Demographics for 90278, CA
42,188
Population
16,628
Households
2.5
Avg Household Size
39
Median Age
62%
College-Educated
96%
High-School Grad
3.7 sq mi
ZIP Area
11,402
Density / Sq Mi
$148,581
Median Household Income
$86,999
Median Earnings
$2,417
Median Rent
$1,195,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences are vacant, each has private outdoor space, and the property includes six single-car garages.
Where is this quadplex located?
The property is located at 2107 Voorhees Ave Redondo Beach, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Four residences totaling 4,285 square feet on a 7,492‑square‑foot lot; Unit mix: two 2‑bedroom, 1.5‑bath townhouse‑style homes, one 2‑bedroom, 1.5‑bath unit, and one 3‑bedroom, 2‑bath unit; Six single‑car garages
