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2420 Grant Avenue: 5 Luxe Units in Redondo Beach Combine Turnkey Investment With Sophisticated Beach Living
If you travel along Artesia Boulevard in North Redondo Beach you’ll find a neighborly 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 thoughtful, upmarket design—complete with sparkling new appliances and private fresh-air spaces.
“No renovations needed, no headaches—just steady returns”
With a monthly rental income of $19,250 and an asking price of $3,875,000, the property represents what local real estate agent Devin Jensen of Jensen Realty 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 horizontal siding and a true coastal aesthetic, with each unit designed as if it were its own standalone home.”
“It’s the seamless blend of style and function,” 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 Campbell, who brought her time as part of an in-house architecture team for a hotel developer to bear.
Each unit features an open floor plan with a well-plotted layout. There are roomy, modern kitchens with islands, topped in softly veined stone, and built-in cooktops and range hoods. Gleaming, oversized refrigerators and pendant lights are standard, as is individually controlled air conditioning and in-unit laundry.
Bathrooms are freshly elegant, featuring palettes of white on bronze or gold, and decked with stone countertops, designer tile and walk-in showers. With wood plank floors set against white walls and oversized picture windows, the atmosphere transcends that of apartment living and instead feels like a boutique residence along the coast, particularly with the abundance of outdoor living space that’s been neatly carved into the property’s design.
It’s an unusual and highly desired advantage in the multi-family market: dedicated fresh-air areas for each unit. Three of the units boast private yards, while the remaining two share a thoughtfully designed outdoor space featuring a BBQ area, a dog run and a relaxed hangout spot. Specifically, the front two-bedroom unit enjoys a gated, lush green lawn. There are a couple of three-bedroom units; each with its own exterior zone. On the property’s upper level, there are two-bedroom and one-bedroom units that share an elegant courtyard; perfect for dining and entertaining.
“The developer was intentional about creating outdoor areas that give each unit its own sense of space and privacy,” says Devin Jensen. “Even the details, like a dedicated dog run along the side of the property, were designed with lifestyle in mind.”
This attention extends to parking, with each unit having its own separate garage space—an added convenience, he points out, “rarely found in similar properties.”
Location meets long-term value
The Redondo Beach location puts tenants within easy reach of beaches, shopping, dining and the 405 freeway. But perhaps most importantly for investors, the rental rates have proven sustainable.
“The rents have been stabilized for a while,” Devin Jensen points out. “They’ve been rented out multiple times at their current prices, so there’s assurance related to monthly cash flow.”
What sets this property apart in the investment market is its turnkey status combined with unique design features.
“No one really does open floor plans and amenities at this level,” Devin Jensen observes. “It’s definitely a rare investment property.”
For investors seeking to expand their portfolio with a stabilized asset requiring minimal oversight, 2420 Grant Avenue offers that elusive combination of steady returns and sophisticated design.
As Devin Jensen puts it, “You have peace of mind knowing that you have a well-built building that gets good rent in the area.”
In today’s market, that kind of certainty might be the most valuable amenity of all.
Property Overview
Fully remodeled
5-unit multi-family property in North Redondo Beach
Stable rental income of $19,250 / month
No renovations needed, no headaches—just steady returns.
Unit Mix & Rental Income
Two: 3 Bed + 2 Bath Units
Two: 2 Bed + 1 Bath Units
One: 1 Bed + 1 Bath Unit
GOI: $231,108
Devin Jensen | 310.683.4477 | DRE#01893875
Jensen Realty
List Price: $3,875,000
Photography Courtesy of Jensen Realty
