Home | Los Angeles County | Redondo Beach | 90277 | 124 Palos Verdes Bld
MLS: CRSB26088593 | Status: | Price: $6,900,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,954 | 1958 |
ANOTHER $200K PRICE REDUCTION! 4.5% CAP. TR WEALTH is pleased to present a rare opportunity to acquire a 10-unit trophy multifamily asset located in South Redondo Beach / Hollywood Riviera submarket. The addresses are 124-128 Palos Verdes Blvd totaling 9,914 sf with similar floor plans and ocean views. The property is two separate APN (Parcels) with 5 units each forming a central courtyard. Perched in a premier coastal setting, this asset has ocean views, offering a generational investment that attracts tenant demand. There are 10 Garages and 10 tandem spaces. A desirable unit mix of 9 large 2-bedrooms, 1 bathroom & 1 2-bedroom, 2 baths units offering 975 rentable area and spacious & functional layouts makes tenants want to reside here. With $800,000 in capital improvements, including fully remodeled interiors, upgraded plumbing and electrical systems, new subpanels, modern appliances, and extensive interior and exterior enhancements delivers a turnkey investment with minimal deferred maintenance. The property has 8 of 10 units remodeled as new and has future upside with renovations for 2 units and stabilization of the rents to market value. The price is supported by a conservative expense ratio and efficient management. A RUBS program is in place & tenants pay gas for hot
| Field | Value |
|---|---|
| MLS # | CRSB26088593 |
| MLS Source | California Regional MLS |
| Feature | Details |
|---|---|
| Kitchen | Exhaust Fan, Pantry |
| Appliances | Dishwasher, Exhaust Fan, Hood Over Range, Other, Oven - Electric, Oven - Gas, Oven Range |
| Cooling | None |
| Heating | Floor Furnace, Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition, Shingle |
| Foundation | Raised |
| Feature | Details |
|---|---|
| Garage/Parking | Garage, Garage: 10 Car(s) |
| HOA Fee | $0 |
William Mulkey
TR Wealth Management Inc.
License #: 00986020
Phone: (310) 919-7554
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 10 | 10 |
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This listing information is up-to-date as of September 28, 2026. For the most current information, please contact William Mulkey, (310) 919-7554.