We are pleased to present 18216 Kingsdale Ave, an 18-unit apartment opportunity in the highly desirable coastal community of Redondo Beach P.O. (City of Torrance). This rare offering provides immediate rental upside and long-term appreciation potential in one of the South Bay’s most consistently strong rental markets. The property features 18 total units, consisting of 6 studio/one-bath, 9 one-bed/one-bath units, and 3 two-bed/one-bath units. Residents benefit from 18 garages, on-site laundry, and close proximity to major retail, dining, and employment hubs. Extensive capital improvements have recently been completed, including a brand-new roof, new electrical supply conduits, and the replacement of all main electrical supply wires leading to the existing breaker panels. With one unit currently vacant and in-place rents significantly below market across the remaining units, there is substantial potential to increase income through strategic renovations and repositioning. Priced at an attractive $256K per unit and $492 per square foot, the property provides an excellent entry basis for both value-add and long-term investors. Opportunities of this size and location in Redondo Beach are very rare. This asset offers investors the chance to acquire a well-located building with clear upside in one of Southern California’s most supply constrained coastal markets.
- Pool:
- No
- Heating System:
- Wall Furnace
- Cooling System:
- No
- Parking:
- 10.00
- New Construction YN:
- 0
- Laundry:
- Community
- Common Walls:
- 1 Common Wall
- Senior Community:
- 0
- List Agent Agent ID:
- CLW-C133711
- Stories:
- 2
- Association:
- 0
- Spa Construction:
- No
- Spa:
- 0
- Street:
- Kingsdale
- Street Number:
- 18216
- Street Suffix:
- Avenue
- Floor Number:
- 0
- Longitude:
- W119° 38' 38.3''
- Latitude:
- N33° 51' 53.4''
- Listing Courtesy of:
- BRC Advisors- BH
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 18
- Zoning:
- TORR-MD
- Lot Size Square Feet:
- 13,289 Sqft
- List Agent Last Name:
- Katnik
- List Agent License Number:
- 02002695
- Special Listing Conditions:
- Standard
- List Office ID:
- CLW-X82405
- List Agent First Name:
- John
- DirectionFaces:
- West
- Directions:
- West of Hawthorne Blvd
- MLSAreaMajor:
- 132 - N Torrance - West
- Levels:
- Two
- Parcel Number:
- 4083007016
- List Agent License Number:
- 02078334
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income For Sale
18216 Kingsdale Avenue, Redondo Beach, California 90278
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- 25624773
- List Price :
- $4,625,000
- Year Built :
- 1964
- Lot Area :
- 0.31 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Redondo Beach
- Zipcode:
- 90278
- Close Price :
- $4,675,000
- Status :
- Closed
- Price Per Square Foot :
- $497
- Days on Market :
- 10
