1223 Beryl St - Apartments FOR SALE


Redondo Beach, CA 90277
$4,200,000 USD
310-480-8117
1223 Beryl St, Redondo Beach, CA for Sale
$4,200,000 USD
Apartments - FOR SALE
1/7
null | 4.07% Cap Rate

1223 Beryl St
Redondo Beach, CA 90277


HIGHLIGHTS

  • Turn Key Asset with Opportunities for Value Add
  • Excellent Location - Adjacent to Shops & 1 Mile from the Ocean
  • Well Maintained Property and Units
  • Strong Tenant Demand

OVERVIEW

Archer Investment & Consulting, Inc. is pleased to present this exclusively listed apartment complex in South Redondo Beach. 1223 Beryl St consists of 8 garden style apartment units across two buildings in the heart of Beryl Heights, Redondo Beach. The front building is a stand-alone townhouse boasting four bedrooms and two and a half bathrooms. It has a full kitchen with dining area, a living room separated by a fireplace, in unit washer/dryer, and a private yard. This unit was fully remodeled in 2024 and garners top rents. The back building has four spacious two bedroom-two bathroom units and three one bedroom-one bathroom units. A number of the units have been renovated and all are well-maintained. Each unit opens up to a beautiful courtyard with a private BBQ area for residents. There is an on-site laundry room and enclosed garages. The property is beautifully maintained. **NOI includes updated property taxes for sale and 2025 insurance costs. With the Pacific Ocean only one mile away, 1223 Beryl St is primely located across the street from a grocery store, a dog park, medical offices and many retail establishments. Residents can walk to shops, have access to local freeways, and enjoy the local pier and surrounding beach communities. Contact Melanie Archer (marcher@investaic.com or (310)480-8117) for a full marketing package. Note: Expenses include updated property tax and insurance.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$557 USD /SF

# OF UNITS

8

PRICE/UNIT

$525,000

CAP RATE

4.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

R4

APN/PARCEL ID

7502-010-073

ASK ABOUT THIS PROPERTY

Melanie ArcherArcher Investment & Consulting, Inc.More Info
310-480-8117

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Melanie ArcherArcher Investment & Consulting, Inc.More Info
310-480-8117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.