Press Releases
Marcus & Millichap Facilitates $7.4 Million Sale of 13-Unit Apartment Property in Redondo Beach, California
June 16, 2026
REDONDO BEACH, Calif., June 16, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 154 & 156 Paseo De La Concha, a 13-unit apartment property in Redondo Beach, California. The property sold for $7.4 million, or $569,231 per unit.
“This transaction highlights the continued demand for well-located coastal apartment communities in the South Bay,” said Sean Rosenzweig, senior managing director investments. “Having been held for more than 50 years, the property offered a rare investment opportunity with meaningful rental upside on a low-density double lot and a premier location just steps from the beach.”
Rosenzweig and Josh Zimmerman — members of the SR Group, a leading force in the sale of multifamily investment sales across Los Angeles — had the exclusive listing to market the property on behalf of the seller, The Kuczynski Family Trust.
Built in 1955, the 11,362-square-foot property is situated on a .4-acre lot spanning two parcels in South Redondo Beach. Located approximately one residential block from the ocean, the property is within walking distance of The Strand, the Redondo Beach Pier and King Harbor. The 13-unit apartment community features a unit mix of 12 two-bedroom, one-bathroom units and one studio.
“This transaction highlights the continued demand for well-located coastal apartment communities in the South Bay,” said Sean Rosenzweig, senior managing director investments. “Having been held for more than 50 years, the property offered a rare investment opportunity with meaningful rental upside on a low-density double lot and a premier location just steps from the beach.”
Rosenzweig and Josh Zimmerman — members of the SR Group, a leading force in the sale of multifamily investment sales across Los Angeles — had the exclusive listing to market the property on behalf of the seller, The Kuczynski Family Trust.
Built in 1955, the 11,362-square-foot property is situated on a .4-acre lot spanning two parcels in South Redondo Beach. Located approximately one residential block from the ocean, the property is within walking distance of The Strand, the Redondo Beach Pier and King Harbor. The 13-unit apartment community features a unit mix of 12 two-bedroom, one-bathroom units and one studio.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
