622 S Pacific Coast Highway, Redondo Beach, CA 90277
List Price: $1.75M
Listing Status: Active
0Days on Market: 2
5 Bedrooms · 3 Bathrooms · 2,420 sq ft
Property Type: ResidentialIncome
Year Built: 1943
Lot Size: 7,060 sq ft
Garage Spaces: 3
MLS Number: 26843891
About This Property
We are pleased to present 622 South Pacific Coast Highway, a rare triplex investment opportunity located in the heart of South Redondo Beach. This pride-of-ownership asset offers investors the unique combination of stable current income and substantial future upside through the potential addition of up to three Accessory Dwelling Units (ADUs) (Buyer to verify). Pro forma rates reflect anticipated market rents once the proposed ADUs are constructed and operational. Ideally positioned just moments from the vibrantRiviera Village, tenants enjoy convenient access to an abundance of restaurants, boutique shopping, entertainment venues, and some of Southern California's most desirable beaches. The property's premier South Redondo location continues to benefit from strong rental demand driven by its coastal lifestyle, excellent schools, and proximity to major employment centers throughout the South Bay. With limited multifamily inventory available in South Redondo Beach and increasing demand for housing in the area, 622 South Pacific Coast Highway presents a compelling opportunity for investors seeking a well-maintained coastal asset with meaningful value-add potential and long-term appreciation prospects.
Listing provided by: DRE #02038545 424-405-3900 jweir@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 26843891
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.