6164 S Pacific Coast Hwy, Redondo Beach, California 90277, Redondo Beach, 90277 - 0 bed, 0 bath
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6164 S Pacific Coast Hwy
Redondo Beach, California 90277
ACTIVE
CONDITION: GOOD
0Beds
0Baths
6,856Sq Ft
7,939Lot Size
Property Price
LIST PRICE$4,200,000
EST. MARKET VALUE
$4,044,738
3% AboveMARKET VALUE
SUMMARY
This 8-unit income property represents a High-Potential Investment Opportunity, listed at a List Price of $4,200,000—positioned above the $4,044,738 Fair Market Value. While the current CAP rate is 4.0%, the property features a Condition Rating of 3, with 50% of units recently remodeled to include modern finishes. Located in the prestigious Hollywood Riviera, this asset benefits from proximity to top-rated schools like Montemalaga Elementary and South High. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking stable, long-term rental demand in a prime coastal market.
Estimated Market Value
$4,044,738
Based on Realkey algorithm analyzing recent comparable sales in Redondo Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6164 S Pacific Coast Hwy Subject | $4,200,000* List Price | 0 | 0 | 6,856 | $590 | - |
A 523 Avenue G Pending | $2,995,000 List Price | 0 | 0 | 5,130 | $584 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1969, the property is well-maintained with 50% of the units (4 out of 8) recently remodeled or currently undergoing renovation. Interior photos show modern updates including white shaker cabinetry, quartz countertops, stainless steel appliances, and new LVP flooring, though some dated elements like popcorn ceilings remain.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Montemalaga Elementary School (10/10). Middle School: Palos Verdes Intermediate School (9/10). High School: South High School (9/10).
- Prime Coastal Location
Situated in the prestigious Hollywood Riviera, the property offers exceptional walkability to the beach and Riviera Village, surrounded by multi-million dollar homes and high-end amenities.
- Recent Capital Improvements
With 50% of the units already remodeled or currently undergoing renovation, the property allows for immediate premium rental income and reduced initial capital expenditure for the buyer.
CONSRISKS & DEFICIENCIES
- Modest Investment Yield
The current CAP rate of 4.0% and proforma of 4.5% represent a relatively low return on investment, which may be a drawback for investors seeking high immediate cash flow.
- Vintage Infrastructure
Built in 1969, the property may require significant long-term maintenance or upgrades to major structural and utility systems common in buildings of this era.
About 6164 S Pacific Coast Hwy
Own a piece of the the Hollywood Riviera with this beautiful, well maintained income property. Rare opportunity. Three of the apartments have been re modeled and one is being done now. Located in the highly sought after and vibrant community of Hollywood Riviera, it has a Redondo Beach mailing address and is actually in the city of Torrance. 8 units consist of two 1BR/1BA and six 2BR/2BA. Present CAP is .04%, proforma is .045%. This building is an easy walk to the Hollywood Riviera Village and the beach. Miles of surfing beaches; walking, biking, jogging paths and gorgeous California coastline. Redondo Beach Pier and Marina is a short distance. Located among $million+ homes and condos, fine dining, retail and entertainment. In the Torrance school system, there are several schools nearby. Easy access to 405 & 110 Fwy, LAX and LA Harbor. 11 subterranean parking spaces in the garage with extra storage for each unit, supply storage, a laundry room and a stairway to the courtyard entry. PLEASE DO NOT GO ON THE PROPERTY OR DISTURB OCCUPANTS. These notices are the rules of entry per CA regulations: https://tinyurl.com/VistaSIRRulesofEntry
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1969
- Lot Size
- 7,939 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redondo Beach Unified Schools
Tulita Elementary School
Grades K-5 • 0.4 mi
9/10
Riviera Elementary School
Grades K-5 • 0.8 mi
8/10
Montemalaga Elementary School
Grades K-5 • 1.9 mi
10/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 6,856 | 5,130 |
| Lot Size | 7,939 | 6,385 |
| Price | $4.20M | $2.86M |
| Price per sq ft | $613 | $558 |
| Built year | 1969 | 1958 |
| HOA | $0 | $0 |
| Days on market | 33 | 68 |
Pricing History
Listed for Sale
Aug 7, 2026
$4,200,000
Initial Listing
Sold
Mar 2, 2022
$4,200,000
Public Record