Samimi CRE Advisors
    Listings/715 Beryl St
    715 Beryl St - Photo 1
    multifamilyActive Listing

    715 Beryl St

    Redondo Beach, CA 90277

    Valuation

    $1,400,000

    Key Specifications

    Total Units

    2

    multifamily

    Year Built

    1926

    Heritage Asset

    Interior

    2,000 SF

    $700 / SF

    Lot Area

    4,639 SF

    Unit Mix

    multifamily

    1x 1-Bed/1-Bath, 1x 2-Bed/1-Bath

    Investment Highlights

    Delivered 100% vacant, offering immediate upside or owner-user occupancy
    Priced at an attractive 9.72 GRM and 8.24% pro forma cap rate
    Prime coastal South Bay location just minutes from the beach, dining, and retail
    Features 2 on-site parking spaces
    Priced at $700/SF on the building

    Property Overview

    715 Beryl Street presents an exceptional investment opportunity in the highly desirable coastal community of Redondo Beach. Offered at $1,400,000, this well-located duplex features two spacious units consisting of (1) 1-bedroom/1-bathroom and (1) 2-bedroom/1-bathroom, totaling approximately 2,000 SF on a 4,639 SF lot. Both units are currently vacant, presenting a rare opportunity for an investor to immediately lease the property at market rents or for an owner-user to occupy one unit while generating rental income from the other. With projected annual rental income of $144,000 and an attractive 8.24% pro forma cap rate, the property offers strong income potential from day one. Ideally situated in the heart of Redondo Beach, just minutes from the coastline, local dining, shopping, and entertainment, 715 Beryl Street combines a prime South Bay location with the flexibility of two vacant units and significant long-term investment appeal.