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2106 Manhattan Beach Boulevard, Redondo Beach, CA, 90278

2106 Manhattan Beach Boulevard

$11,750,000

Key Information

Cap Rate
4.91%
$ per SF
$676
Tot. SF
17,370
Lot Size
0.39 Acres
Units
18
Year Built
1968
Type
Apartments
Occupancy
100%
NOI
$576,911

Highlights

• Fully Renovated Townhome Community: 18 of the 18 units have been beautifully redesigned with high-end finishes, delivering a fully turnkey asset with minimal near-term capital expenditure risk and immediate, durable coastal cash flow.
• All Townhome-Style Unit Mix: The property consists entirely of two-story, two-bedroom / one-and-a-half-bath townhomes with private patios, an in-demand, condo-quality layout that commands premium rents and drives long-term retention in the South Bay.
• Approximately 8% Rental Upside: In-place rents sit below current market, giving a new owner roughly 8% of mark-to-market upside that can be captured through annual rent increases and at natural turnover, all while holding a fully renovated asset. The property is subject to AB 1482.
• Premium Interior Finishes: Redesigned homes feature Calacatta quartz countertops and vanities, stainless steel appliances, wood-style flooring, island kitchens, custom cabinetry, designer fixtures, and in-unit washers and dryers, finishes that appeal to Redondo Beach’s discerning renter base.
• Gated Underground Parking & Controlled Access: Every unit includes at least one assigned space in a secure, gated underground garage, with 27 spaces in all and two parking spaces for select units. The controlled access gives residents the security and convenience that support premium rents and strong retention.
• Irreplaceable Coastal Location: Positioned minutes from the beach, with a short drive to the Manhattan Beach and Hermosa Beach piers, and direct access to Pacific Coast Highway and LAX, the property sits in one of the most supply-constrained and sought-after coastal submarkets in the South Bay.

Photos

Location

Agents

Broker of Record

David Harrington

License # 01320460, 02168060 (CA)
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave., Suite 1225, El Segundo, CA 90245