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$2,015,000

  • Sold
  • Closed
  • Multi-Family
  • 4 Total Beds
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This six-unit apartment building, located in the highly desirable South Redondo Beach (west of PCH and near the coast), presents a compelling investment opportunity. The property is deemed historic (designated landmark). Offered at an attractive $382,500 per unit, the property boasts a solid 5.02% current cap rate and a 13.96 GRM. With three units to be delivered vacant, new ownership has an immediate opportunity for owner-occupancy or to renovate and achieve market rents, driving the pro-forma cap rate to an impressive 6.03%. The diverse unit mix, coupled with a substantial 7,608-SF lot and the absence of local rent control (defaulting to AB 1482), further enhance the value-add potential of this generational asset in a prime coastal location.

Full Property Details for 108 N Broadway

General

  • Sold For: $2,015,000
  • Status: Closed
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 25539699
  • Added to Site: 281 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 5

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Other Features: Other

Parking

  • Garage Description: Assigned, Garage, Uncovered

Location

  • Area: S. Redondo Beach South of PCH
  • County: Los Angeles
  • Cross Streets: Broadway & Emerald Street
  • Driving Directions: West of PCH, North of Emerald Street, South of Diamond Street, East of Catalina Avenue

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Other

Structural Information

  • # Buildings: 1
  • Common Walls: Attached
  • Stories/Levels: 2
  • Square Feet: 4,352
  • Sq. Ft. Source: Estimated
  • Year Built: 1906
  • Year Built Source: Other

Unit Information

  • Units in Complex: 6
  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Total Bathrooms: 1.5
  • Bedrooms: 3

Unit 3

  • Total Bathrooms: 1

Unit 4

  • Total Bathrooms: 1

Unit 5

  • Total Bathrooms: 1

Unit 6

  • Total Bathrooms: 1

Additional Structures

  • Other Structures: Other

Lot Features

  • Lot Size (Acres): 0.1747
  • Lot Size: 7608
  • Lot Size Source: Estimated
  • Zoning: RBR-3A

Financial Considerations

  • Price Per Sq. Ft.: $527.34
  • Price Per Unit: 382500
  • Assessment Year: 1906

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 7505-007-021

Listed by Shield CRE, Inc., Gianluca Jacoli
Sold by Kape Property Management, Inc., Benjamin Lester and Kape Property Management, Inc., Noam Srolovitz

Listing agent

— 108 N Broadway —

  • Gianluca Jacoli

    Shield CRE, Inc.

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 108 N Broadway

School District:Redondo Beach Unified School District
NameGradesDistance
Beryl Heights Elementary School
920 Beryl Street, Redondo Beach, CA 90277
K-50.7 mi
Parras (Nick G.) Middle School
200 North Lucia Avenue, Redondo Beach, CA 90277
6-80.5 mi
Redondo Union High School
One Sea Hawk Way, Redondo Beach, CA 90277
9-120.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 108 N Broadway

Date
Details
Price
Change
Source
8/28/2025
Sold
$2,015,000
-12.2%
MLS
5/16/2025
Listed
$2,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Shield CRE, Inc., Gianluca Jacoli
Sold by Kape Property Management, Inc., Benjamin Lester and Kape Property Management, Inc., Noam Srolovitz

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108 N Broadway, Redondo Beach, CA 90277 (MLS# 25539699) is a Multi-Family property that was sold at $2,015,000 on August 28, 2025. Want to learn more about 108 N Broadway? Do you have questions about finding other Multi-Family real estate for sale in Redondo Beach? You can browse all Redondo Beach real estate or contact a Coldwell Banker agent to request more information.