DIGS is the premiere luxury real estate lifestyle magazine serving the most affluent neighborhoods in the South Bay and Westside of Los Angeles, California.
Issue link: https://www.southbaydiggs.com/i/1532180
S W E E T D I G S | 2 4 2 0 G R A N T AV E I f you travel along Artesia Boulevard in North Redondo Beach you'll find a neigh- borly hub of broad, tree-lined residential streets just south of the boulevard. One of these is Grant Street, which is home to a newly revamped development of five sunny apartments—making up an ideal multi-family property that combines a robust cash flow with sophisticated coastal design. Particularly since the location is so central and amenable to a balanced lifestyle. A 3-minute stroll brings you to the green fields and skate park of a neighborhood park, while shopping and dining is plentiful less than 5 minutes by car. The ocean and Hermosa Beach Pier is about 2.5 miles, or a 10 minute drive away—similar to the time it takes to get to the 405 Freeway, which is less than 2 miles away. It's the latest project from Doug Whitcombe, a longtime Beach Cities builder and developer. On this project he hired South Bay architect Megan Campbell of Campbell Architects to design the five apartment homes, notable for their thought- ful, upmarket design—complete with sparkling new appliances and private fresh-air spaces. "No renovations needed, no headaches—just steady returns" With monthly rental income of $19,250 and an asking price of $3,875,000, the property represents what local real estate agent Devin Jensen calls "a set it and forget it" investment opportunity. "This is ideal for an investor looking for a high-performing asset that requires minimal involvement," he explains. "With a full remodel from top to bottom, everything is already taken care of—just sit back and enjoy the returns." "What sets this home apart isn't just its prime location in Redondo Beach," he describes. "It's a high-end beach-style remodel featuring hori- zontal siding and a true coastal aesthetic, with each unit designed as if it were its own stand- alone home." "It's the seamless blend of style and func- tion," the agent adds. "The developer didn't just renovate—they thoughtfully designed each unit as if it were its own standalone home, with an open floor plan that enhances the light, airy feel. You rarely see a remodel executed this flawlessly in the multi-family space." The property's five-unit configuration also offers distinct advantages in the California market. Its modest size keeps the property in the "small multifamily" category that lenders tend to view favorably. Such smaller properties often face less stringent regulations regarding property management and can be more easily self-managed. Moreover, they frequently enjoy certain exemptions from local ordinances that affect larger apartment complexes, making them particularly desirable to investors who seek to balance income with manageable levels of oversight and responsibilities. BOUTIQUE COASTAL LIVING The developer, a seasoned producer of high-end residences in the Beach Cities, transferred his design savvy to this project. As did architect A R C H I T E C T U R E + D E S I G N 52 DIGS.NET | 2.7.25