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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: Each unit includes one assigned space in a gated underground garage with 27 total parking spaces. This controlled-access setup delivers the security and convenience that supports premium rents and strong resident 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