Charming Multifamily with Vacant
For Sale
Contact for pricing
Pending
319 N Gertruda Avenue, Redondo Beach, CA 90277
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
Days on Market70
Property Features for 319 N Gertruda Avenue
General Information
Standard status
Pending
Size
2,669 SF
Total Parking Spaces
5
Lot size
0.13 Acres
Property subtype
Multifamily
Zoning
RBR-3
Occupancy
80%
Additional Details
Cap Rate
5.24%
Multifamily Units
5
Building Details
Year Built
1912
Units
5
Tenancy
Multi
Listing Agency:
Shield Commercial Real Estate
Listed By:
Luca Jacoli · License #CA 01938297
Source:
Crexi
Added: Jun 30
Changed: Aug 8
Last Checked: Jul 30 at 5:57AM
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
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,492
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
