$7,300,000
-$200,000124 Palos Verdes Boulevard, Redondo Beach CA 90277
Multi-Family (10 Units)
Property type
48 days
On market
$736
Price per sqft
10 cars
Garage
1958
Year built
7,954 sqft
Lot size
Home highlights
Open Houses
Overview
TR WEALTH MANAGEMENT, INC. is pleased to present a rare opportunity to acquire a 10-unit trophy multifamily asset located in the 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....
Listing provided by: William Mulkey DRE #00986020 310-919-7554, TR Wealth Management Inc.
Listing updated: Jun 3, 2026 at 12:25am.
Last checked: Jun 14, 2026 at 08:00pm
Source: CRMLS #SB26088593
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | 1 | $4,100 | $4,100 | $4,305 | Unfurnished |
| 1 | 2 | 1 | 1 | $3,595 | $3,595 | $3,775 | Unfurnished |
| 1 | 2 | 1 | 1 | $3,650 | $3,650 | $3,833 | Unfurnished |
| 1 | 2 | 1 | 1 | $3,650 | $3,650 | $3,833 | Unfurnished |
| 1 | 2 | 1 | 1 | $3,695 | $3,695 | $3,880 | Unfurnished |
| 1 | 2 | 1 | 1 | $4,100 | $4,100 | $4,305 | Unfurnished |
| 1 | 2 | 2 | 1 | $3,850 | $3,850 | $4,043 | Unfurnished |
| 1 | 2 | 1 | 1 | $3,564 | $3,564 | $3,742 | Unfurnished |
| 1 | 2 | 1 | 1 | $3,127 | $3,127 | $3,283 | Unfurnished |
| 1 | 2 | 1 | 1 | $3,675 | $3,675 | $3,859 | Unfurnished |
# of Buildings: 2
# of Units Total: 10
Separate Electric Meters: 12
Separate Gas Meters: 11
Separate Water Meters: 1
Dishwasher: 10
Ranges: 10
Rent Control: Yes
Units Leased: 10
Total Actual Rent: $36,567
Tenant Pays: Cable Tv, Electricity, Gas, Sewer, Trash Collection, Water
Financial Snapshot
Gross Rent Multiplier
16.0x
List Price / Annual Gross Rent
Cap Rate
4.25%
NOI / List Price
Gross Scheduled Income: $455,532
Vacancy Allowance: $13,666
Vacancy Allowance Rate: 3%
Operating Expense: $132,476
Net Operating Income: $309,390
Annual Operating Expenses
Electric: $329
Gardener: $2,400
Fuel: $382
Insurance: $12,188
Maintenance: $6,628
New Taxes: $84,000
Professional Management: $15,465
Trash: $7,224
Water / Sewer: $6,100
Other Expense: $382
Interior
Interior Features: Ceiling Fans, Crown Molding, Open Floor Plan, Pantry, Recessed Lighting, Unfurnished
Cooling: None
Heating: Floor Furnace, Wall Furnace
Appliances: Dishwasher, Electric Cooktop, Electric Oven, Free Standing Range, Gas Oven, Gas Water Heater, Range Hood, Vented Exhaust Fan
Fireplace: Family Room
Laundry: Stacked
Entry Location: Pv Blvd
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Multi Split
Door Features: Sliding Doors
Roof: Composition, Shingle
Foundation: Raised
Window Features: Double Pane Windows, Energy Star Qualified Windows
Construction Materials: Drywall, Stucco
Property Condition: Updated Remodeled
Exterior: Lighting, Rain Gutters
Common Walls: Two Common Walls Or More
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
View: Catalina, City Lights, Coastline, Water
Garage and Parking
Parking: Garage, Tandem
Garage Spaces: 10
Uncovered Spaces: 10
Parking Total: 20
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7514001005
Additional Parcels: Yes
Tax Lot: 7
Tax Block: H
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Street Lights, Sidewalks