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… Read More 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. Read Less
Property listed by Shield CRE, Inc., Gianluca Jacoli 310-593-9869
Listing Snapshot
Days Online
49
Last Updated
Property Type
Other
Beds
8
Square Ft.
2,904
Lot Size
0.17 Acres
Year Built
1957
MLS Number
25587185
30 Days Snapshot Of 90278
$1.80M
+16%
(avg) sold price
21
-4%
homes sold
97
+32%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Washer
Building
Built in 1957, Building area total: 2,904, Levels: One, Living area: 2904, 1 story, 1 building
Garage
4 spaces
Income
Gross income: $122,940, Net operating income: $84,177
Lot
0.172 acres, 7,492 square feet, Size: 7,492
Parking
4 totals parking, Garage
Property
Zoning: RBR-3
Find The Perfect Home
'VIP' Listing Search
Join our email list to have access to the best off market listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
