SOUTH BAY DIGS | Digital Edition Online

September 6, 2024

DIGS is the premiere luxury real estate lifestyle magazine serving the most affluent neighborhoods in the South Bay and Westside of Los Angeles, California.

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CATALINA VILLAGE The Catalina Village Development Project Brings 32 Units of For Rent Townhomes with 3,000 SF of Eateries to Redondo Beach's Waterfront M A R K E T R e d o n d o B e a c h | BEACH CITY CAPITAL Did you know this about Redondo Beach? Redondo Beach is a gem of Southern California, offering a unique blend of coastal charm, vibrant community life, and promising investment opportunities. While other coastal areas have seen rapid development, Redondo still has untapped potential, making it one of the few places left in the South Bay with significant upside for investors. The city is strategically locate d right next to the prestigious Palos Verdes Peninsula and Hermosa Beach, enhancing its appeal and accessibility. This prime location ensures that your investment is not just in a property, but in a thriving, high-demand area with a bright future. We know that there is a high demand for 32 new rental units alongside high quality eateries. Current rents for a studio apartment in Redondo Beach are around $2, 500 with rent growth at around 5% per year. This is a very lucrative area for multifamily mixed use developments, with property cap rates in the high 3's and low 4's, validating this high demand area for investment. Location, Location, Location - 1.2 Acres of Prime Real Estate Imagine co-owning a 1.2-acre site directly across from the Pacific Ocean, where every morning begins with the serene sound of waves. This extraordinary property is not just about location—it's about potential. Positioned next to Veteran's Park and Czuleger Park, this prime location offers abundant green space and stunning ocean views. Additionally, it is conveniently located near the Redondo Beach Sand and the Hermosa Beach Strand, providing easy access to local attractions and beachfront activities. This project has been designed to se amlessly blend with the California coastal architecture, preserving the area's unique aesthetic while introducing modern commercial spaces that cater to the community's evolving needs. Sponsored Spotlight

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