Redondo Terrace

Berkadia Seattle Investment Sales is pleased to announce it has been retained as the exclusive listing broker for Redondo Terrace. Built in 1986, Redondo Terrace boasts a favorable unit mix, consisting entirely of one- and two-bedrooms.

The community presents investors with the opportunity to benefit from strong historical performance and meaningful upside. Under current ownership, the property has been managed with a focus on occupancy, resulting in consistently low vacancy and creating a clear path to move rents while maintaining strong resident demand.

Situated adjacent to Redondo Beach, the community enjoys a prime location within one of the most desirable pockets of Federal Way. The property’s immediate proximity to I-5 provides exceptional connectivity to a diverse employment base, including Amazon, Boeing, Starbucks, T-Mobile, Microsoft, Nordstrom, and Costco, as well as the manufacturing hub of the Kent Valley, the Ports of Seattle and Tacoma, and the significant military presence at Joint Base Lewis-McChord (JBLM). The recently opened Federal Way Link light rail station further enhances access to employment and amenities throughout the Puget Sound region.

Federal Way is chronically supply‑constrained due to local city regulations, including a temporary moratorium on multifamily housing permits and increased impact fees. This has put significant pressure on existing inventory and supported strong apartment fundamentals. New investors can capitalize on the opportunity for interior and exterior renovations to capture this demand for high-quality housing in a city that has seen no new deliveries in the past few decades.