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$ 2,075,000
Est. payment | /mo
8 Beds
4 Baths
2,904 SqFt
$ 2,075,000
Est. payment | /mo
8 Beds
4 Baths
2,904 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,904 sqft
Price per Sqft $714
MLS Listing ID 25587185
Bedrooms 8
HOA Y/N No
Year Built 1957
Lot Size 7,492 Sqft
Property Description
Discover an outstanding investment at 2204 Carnegie Lane in Redondo Beacha four-unit, single-story multifamily property blending coastal allure with robust financial potential. Nestled on a generous 7,492-square-foot lot, this residential asset offers room for enhancements and expansions, making it perfect for savvy investors. All units feature a uniform 2-bedroom, 1-bathroom design, appealing to tenants in this sought-after market.Positioned in the premier North Redondo submarket, the property is under two miles from the beach, providing easy access to Hermosa Beach Pier, Pier Avenue, King Harbor, and Redondo Beach Pier for dining, shopping, and leisure. The large lot and four single-car garages enhance parking convenience and unlock ADU potential, allowing for additional rental units to amplify revenue.Benefiting from AB 1482 rent control (not L.A.'s stricter rules), owners enjoy predictable rent hikes with minimal restrictions. Landlord costs are low, covering only basic utilities and operations, as tenants manage most expenses. Currently, it boasts a 4.06% cap rate and 17.39 GRM for immediate stability, with a pro-forma 5.04% cap rate signaling growth via adjustments or improvements. Eligible for residential financing, it's buyer-friendly.In the vibrant South Bay, near top schools, parks, and the 405 highway, it draws professionals, families, and retirees amid high rental demand and low vacancies. Proximity to tech hubs and outdoor activities ensures long-term appreciation. This Redondo Beach gem delivers cash flow, equity growth, and lifestyle perks in one of Southern California's prime coastal spots.
Location
State CA
County Los Angeles
Area 152 - N Redondo Bch/Villas South
Zoning RBR-3
Interior
Fireplace No
Appliance Washer
Exterior
Parking Features Garage
Garage Spaces 4.0
Garage Description 4.0
Total Parking Spaces 4
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4157012010
Special Listing Condition Standard
Listed by Gianluca Jacoli Shield CRE, Inc.