Novella Redondo, located at 616 Esplanade St. in Redondo Beach, California, was acquired in 2012. Originally constructed in 1971, Gerding Edlen executed an extensive renovation to the 105-unit, 170,000 sq. ft. apartment building including exterior and landscaping improvements, unit interior upgrades and the addition of sustainable features that contributed to a Greenpoint Rated-elements certification. The property provides a mix of unit types and floorplans, ranging from studios to two-bedrooms, and a full suite of amenities. Novella Redondo is located one block from the Pacific Ocean, providing residents direct access to the beach and ocean views from apartments. Gerding Edlen successfully acquired, renovated, re-leased and managed the property, which was sold in 2015.