1314 Agate St Redondo Beach, CA 90277
Estimated payment $14,337/month
Total Views
631
9
Beds
7
Baths
4,186
Sq Ft
$514
Price per Sq Ft
Highlights
- Popular Property
- Laundry Room
- Bike Trail
- Beryl Heights Elementary School Rated A+
- 5 Car Garage
- 2-minute walk to Dominguez Park
About This Home
Ask About Potential Assumable Financing Available at 3.95%**
1314 Agate St is a well-positioned 4-unit apartment building in the highly desirable South Redondo Beach neighborhood. Offering a strong unit mix of spacious units, the property provides functional layouts and classic coastal appeal, with significant value-add potential as rents are brought to market levels. This opportunity allows investors to capitalize on South Redondo’s historically strong rental demand and consistent appreciation trends, while benefiting from a well-maintained asset.
The property offers ample parking with (5) garage spaces and additional driveway parking, a highly sought-after feature in this beachside community. With a 4.30% CAP rate, 15.61 GRM, and a price of $537,500 per unit, the asset delivers strong in-place income with 21% rental upside. A projected 5.61% market CAP and 12.88 market GRM further highlight the property’s long-term value once rents are adjusted to market.
Well-located in South Redondo, the property is just minutes from the Redondo Beach Pier, Riviera Village, and the Strand—offering tenants access to beaches, boutique shopping, dining, and year-round outdoor recreation. The location also provides excellent commuter access, just 7 miles south of LAX and 20 miles from Downtown LA, with top-rated schools in the Redondo Beach Unified School District. With its coastal proximity, strong appreciation potential, and value-add upside, this is an exceptional investment opportunity in one of LA’s most in-demand coastal rental markets.
Listing Agent
Lyon Stahl Investment Real Est Brokerage Email: woody@lyonstahl.com License #01399621 Listed on: 08/20/2025
Co-Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Email: woody@lyonstahl.com License #01717818
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $31,466
Year Built
- Built in 1963
Lot Details
- 5,539 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Parking
- 5 Car Garage
- Parking Available
Home Design
- Quadruplex
Interior Spaces
- 4,186 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Listing and Financial Details
- Legal Lot and Block 8 / 15
- Tax Tract Number 10019
- Assessor Parcel Number 7502014037
- $1,144 per year additional tax assessments
- Seller Considering Concessions
Community Details
Recreation
- Dog Park
- Bike Trail
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $6,279
- Maintenance Expense $5,508
- Other Expense $3,400
- New Taxes Expense $24,719
- Operating Expense $41,106
- Gross Income $137,700
- Net Operating Income $92,463
Additional Features
- 4 Units
- Laundry Facilities
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $31,466 | $2,820,524 | $2,115,133 | $705,391 |
| 2024 | $31,466 | $2,765,220 | $2,073,660 | $691,560 |
| 2023 | $17,309 | $1,473,588 | $1,000,146 | $473,442 |
| 2022 | $17,085 | $1,444,695 | $980,536 | $464,159 |
| 2021 | $16,831 | $1,416,368 | $961,310 | $455,058 |
| 2019 | $16,514 | $1,374,359 | $932,798 | $441,561 |
| 2018 | $16,083 | $1,347,411 | $914,508 | $432,903 |
| 2016 | $15,569 | $1,295,092 | $878,998 | $416,094 |
| 2015 | $15,289 | $1,275,639 | $865,795 | $409,844 |
| 2014 | $15,102 | $1,250,652 | $848,836 | $401,816 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | For Sale | $2,150,000 | +72.7% | $514 / Sq Ft |
| 06/18/2013 06/18/13 | Sold | $1,245,000 | 0.0% | $297 / Sq Ft |
| 06/18/2013 06/18/13 | Pending | -- | -- | -- |
| 06/18/2013 06/18/13 | For Sale | $1,245,000 | -- | $297 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | None Listed On Document | |
| Grant Deed | $1,245,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | Lawyers Title Company | |
| Grant Deed | $529,000 | Southland Title Corporation | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,185,000 | New Conventional | |
| Previous Owner | $871,500 | New Conventional | |
| Previous Owner | $171,323 | New Conventional | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $380,000 | Unknown | |
| Previous Owner | $423,200 | No Value Available |
Source: Public Records
Similar Homes in Redondo Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25187495
APN: 7502-014-037
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Based on information from California Regional Multiple Listing Service, Inc. 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
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