2118 & 2120 Manhattan Beach Blvd, Redondo Beach, CA 90278

2118 & 2120 Manhattan Beach Blvd, Redondo Beach, CA 90278

Redondo Beach, CA

Property Description


  • Two 5-unit buildings each with, (1) 3-bedroom 1.5-bath (4) 2-bedroom 1-bath
  • Located directly across the street from major South Bay employers Northrop Grumman, Lockheed Martin, Boeing and Raytheon. Employing over 70,000
  • 2-miles from direct access to one of California’s most beautiful beaches
  • Newly renovated, all major systems replaced or upgraded
  • In close proximity to both the South Bay Galleria and Manhattan Village, between the two over a $1Billion renovation budget.


Welcome to 2118-2120 Manhattan Beach Blvd (MBB), a masterfully upgraded 10-unit garden style community. MBB consists of two spacious, side-by-side, 5-unit buildings which benefit from a shared central courtyard that has been beautifully re-created with modern landscaping and custom pavers. The courtyard is further complemented with rear recreational space that provides residents with a unique outdoor living experience. MBB has recently been renovated with improvements including a full building electrical system upgrade, full roof replacement, new window system, new plumbing upgrades to include in unit washer/dryer infrastructure, new garage doors, a new paver walkway with an exterior lighting package, an exterior pergola for recreational use and improved landscaping.

Unit interiors have been upgraded with modern two-tone cabinetry and Calacatta-quartz countertops, vinyl plank flooring with modern baseboards, new stainless steel appliance packages with Miele washer/dryers, new shaker doors, soaking tubs with custom tiled showers and new plumbing and lighting hardware.

If you are looking for a safe place to invest, look no further as this property is sure to produce great long-term cash with very little maintenance headache!

Property Features

  • Sale Price: $6,100,000
  • Area Size: 8,420 Sq. Ft,
  • Land Area: 11,227 Sq. Ft.
  • Year Built: 1958 & 1959
  • Listing Date: 2/21/2023
  • Closing Date: 3/22/2023
  • Units: 10
  • Current GRM: 18.75
  • Current Cap Rate: 3.51%
  • Market GRM: 14.42
  • Market Cap Rate: 5.07%

Lyon Stahl Investment Real Estate

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