Owner-User
For Sale
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702 South Pacific Coast Highway, Redondo Beach, CA 90277
A vacant two-bedroom unit creates an owner-user option within this four-unit residential property.
Property Size2,936 SF
Lot Size0.20 Acres
Price / SF$698.23
Days on Market144
Property Features for 702 South Pacific Coast Highway
General Information
Standard status
Active
Size
2,936 SF
Total Parking Spaces
6
Lot size
0.20 Acres
Property subtype
Multifamily
Zoning
RBRH-1
Occupancy
75%
Net Operating Income
$85,768
Financials
Cap Rate
4.18%
Gross Rent Multiplier
16.31
Additional Details
Multifamily Units
4
Building Details
Year Built
1943
Buildings
1
Units
6
Listing Agency:
Shield Commercial Real Estate
Listed By:
Luca Jacoli · License #CA 01938297
Source:
Crexi
Added: Apr 10
Changed: Aug 30
Last Checked: Aug 30 at 6:39AM
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 2,936-square-foot quadplex, built in 1943, occupies an 8,512-square-foot lot in South Redondo Beach. One two-bedroom unit is vacant, providing an on-site living option, while the remaining units contribute existing rental occupancy. The property includes four garages and two surface parking spaces, with residential financing eligibility supporting a broader range of acquisition structures.
The property is located on South Pacific Coast Highway, a short distance from the Pacific Ocean, Redondo Beach Pier, and King Harbor, and less than one mile from Riviera Village. Tenants pay electricity, gas, and cable/internet expenses; the landlord is responsible for water. The property is not subject to local rent control and is governed by AB 1482. RBRH-1 zoning applies, and potential ADU additions are identified for buyer verification. Current performance is reported at a 4.18% cap rate and 16.31 GRM, with pro-forma metrics of 4.77% and 14.86 GRM.
The property is located on South Pacific Coast Highway, a short distance from the Pacific Ocean, Redondo Beach Pier, and King Harbor, and less than one mile from Riviera Village. Tenants pay electricity, gas, and cable/internet expenses; the landlord is responsible for water. The property is not subject to local rent control and is governed by AB 1482. RBRH-1 zoning applies, and potential ADU additions are identified for buyer verification. Current performance is reported at a 4.18% cap rate and 16.31 GRM, with pro-forma metrics of 4.77% and 14.86 GRM.
Key Highlights
- Four‑unit property with a vacant 2‑bedroom unit for potential owner occupancy
- 2,936 SF quadplex on an 8,512‑square‑foot lot
- Four garages plus two surface parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,737
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - A vacant two-bedroom unit creates an owner-user option within this four-unit residential property.
Where is this quadplex located?
The property is located at 702 South Pacific Coast Highway Redondo Beach, CA.
What is the asking price?
The asking price for this property is $2,049,999.
What are key features of this property?
This property features: Four‑unit property with a vacant 2‑bedroom unit for potential owner occupancy; 2,936 SF quadplex on an 8,512‑square‑foot lot; Four garages plus two surface parking spaces
