$7,300,000
-$200,000124 Palos Verdes Boulevard, Redondo Beach CA 90277
Multi-Family (10 Units)
Property type
37 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 3, 2026 at 01:00am
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
Nearby Schools
Nearby schools around the 124 Palos Verdes Boulevard, Redondo Beach, CA 90277. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$5,840,000
Total Interest
$7,448,598
Total Payment
$13,288,598
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$44,667
per month
Property History for 124 Palos Verdes Boulevard
Redondo Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90277.
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