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Rising Demand Leads Sale of LA Beach Town Apartments To Set High-Water Mark

Local Trust Pays $74.5 Million for 105-Unit Property in Redondo Beach, California
The Elements 616 apartment complex in Redondo Beach, California, is steps away from the Pacific Ocean and features amenities including a pool and fitness center. (CoStar)
The Elements 616 apartment complex in Redondo Beach, California, is steps away from the Pacific Ocean and features amenities including a pool and fitness center. (CoStar)
CoStar News
March 22, 2022 | 12:26 AM

A luxury apartment complex in a small Los Angeles County city has pulled down a big price, ranking among the highest total prices paid for a multifamily property in Redondo Beach as multifamily deals surge amid rising demand for housing.

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