Charming Multifamily with Vacant
319 N Gertruda Avenue Redondo Beach, CA 90277
For Sale
Contact for pricing
Multifamily property with four one-bedroom units plus a detached studio unit delivered vacant on a 5,724-SF lot.
Property Size2,669 SF
Lot Size0.13 Acres
Price / SF$618.21
Days on Market24
Property Features for 319 N Gertruda Avenue
General Information
- Standard status
- Active
- Size
- 2,669 SF
- Lot size
- 0.13 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1912
Listing Agency:
Shield Commercial Real Estate
Listed By:
Luca Jacoli · License #CA 01938297
Source:
Crexi
Added: Jun 30
Changed: Jul 23
Last Checked: Jul 23 at 7:34AM
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.
319 N. Gertruda Avenue is a charming multifamily asset featuring five residential units: four 1-bedroom/1-bath units and one detached studio/1-bath unit that will be delivered vacant. The character-rich residences include hardwood floors and crown molding with classic architectural details. The property is enrolled in the Mills Act program.
The location places the property within a few blocks of the Redondo Beach Pier, King Harbor, and the Pacific Ocean, with convenient access to Riviera Village, Pacific Coast Highway, and nearby cafés, restaurants, and everyday amenities.
According to the provided financial information, the property currently produces an estimated 5.24% cap rate and a 13.78 GRM, with the potential to reach a 6.09% pro-forma cap rate and 12.22 GRM. The offering is stated as not subject to local rent control, instead defaulting to AB 1482. The remarks also note potential to add ADU(s), subject to buyer verification of zoning, feasibility, and permitting requirements.
The location places the property within a few blocks of the Redondo Beach Pier, King Harbor, and the Pacific Ocean, with convenient access to Riviera Village, Pacific Coast Highway, and nearby cafés, restaurants, and everyday amenities.
According to the provided financial information, the property currently produces an estimated 5.24% cap rate and a 13.78 GRM, with the potential to reach a 6.09% pro-forma cap rate and 12.22 GRM. The offering is stated as not subject to local rent control, instead defaulting to AB 1482. The remarks also note potential to add ADU(s), subject to buyer verification of zoning, feasibility, and permitting requirements.
Key Highlights
- Multifamily with (4) 1 bed / 1 bath units plus a detached studio / 1 bath unit (delivered vacant).
- Year built 1912; character features include hardwood floors and crown molding.
- Positioned on a 5,724‑SF lot.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Multifamily property with four one-bedroom units plus a detached studio unit delivered vacant on a 5,724-SF lot.
Where is this apartment building located?
The property is located at 319 N Gertruda Avenue Redondo Beach, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Multifamily with (4) 1 bed / 1 bath units plus a detached studio / 1 bath unit (delivered vacant).; Year built 1912; character features include hardwood floors and crown molding.; Positioned on a 5,724‑SF lot.
