$1,665,000
SOLD MAY 7, 2025
10 Beds
8 Baths
4,724 Sq Ft
7,504 Sq Ft Lot

Recently Sold

$352 Per Sq Ft

4% Above List Price

4 Days on Market

Highlights

  • Multi-Level Bedroom
  • No HOA
  • Laundry Room
  • Birney Elementary School Rated A+
  • 4 Car Attached Garage
  • 3-minute walk to Andrews Park

About This Home

As of May 2025

Discover a prime investment opportunity at 1902 Flagler Ln, a four-unit multifamily property in the heart of Redondo Beach. Built in 1958, this expansive 4,724 sq ft building sits on a generous 7,504 sq ft lot and features a total of 10 bedrooms and 8 bathrooms, offering versatile rental options. Each unit is designed for comfortable living, and with eight dedicated parking spaces, tenants will enjoy added convenience.

Ideally located, this property provides easy access to major freeways, making commuting a breeze. It’s also just minutes from beautiful beaches, shopping centers, dining, and entertainment, offering the quintessential Southern California lifestyle. Families will appreciate the proximity to top-rated schools, including Birney Elementary, Adams Middle School, and Redondo Union High School.

With its desirable location and significant rental upside, 1902 Flagler Ln presents a fantastic opportunity for investors. Whether you’re looking to add to your portfolio or secure a high-demand rental property in a sought-after neighborhood, this is a deal you won’t want to miss!

Last Agent to Sell the Property

David Caskey

eXp Realty of California Inc Brokerage Phone: 310-200-1960 License #01198999 Listed on: 03/24/2025

eXp Realty of California Inc

Co-Listed By

James Herman

eXp Realty of California Inc Brokerage Phone: 310-200-1960 License #01922330

Last Buyer's Agent

David Caskey

eXp Realty of California Inc Brokerage Phone: 310-200-1960 License #01198999 Listed on: 03/24/2025

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 7,504 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Attached Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,724 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms | 6 Main Level Bedrooms
  • Multi-Level Bedroom
  • 8 Full Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 13 / 9
  • Assessor Parcel Number 4156003008
  • $1,548 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

4

Listing Details

  • Structure Type: Quadruplex
  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Zoning: RBR-3
  • Property Sub Type: Quadruplex
  • Property Type: Residential
  • Parcel Number: 4156003008
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 4724.00 Square Feet
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 8
  • Total Bedrooms: 10
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 6
  • Price Per Square Foot: 352.46
  • Room Type: Multi-Level Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7504.00
  • Lot Size Acres: 0.1723

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7504.0000 Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Block: 9
  • Tax Census Tract: 6207.01
  • Tax Lot: 13
  • TaxOtherAnnualAssessmentAmount: 1548.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2025
Closed on
Apr 3, 2025
Sold by
Mae-Dell Lacy Lifetime Trust and Lacy Mae-Dell
Bought by
Csi Capital 2 Llc
Seller's Agent
David Caskey
eXp Realty of California Inc
Buyer's Agent
David Caskey
eXp Realty of California Inc
List Price
$1,599,999
Sold Price
$1,665,000
Premium/Discount to List
$65,001
4.06%
Views
17
Current Estimated Value
$1,945,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,000
Avg. Annual Appreciation
26.11%
Original Mortgage
$1,773,750
Outstanding Balance
$1,765,877
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$179,123
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,675,000 Upward Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,773,750 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2025 05/07/25 Sold $1,665,000 +4.1% $352 / Sq Ft
03/28/2025 03/28/25 For Sale $1,599,999 -3.9% $339 / Sq Ft
03/27/2025 03/27/25 Off Market $1,665,000 -- --
03/24/2025 03/24/25 For Sale $1,599,999 -- $339 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $5,937 $407,660 $163,057 $244,603
2024 $5,937 $399,667 $159,860 $239,807
2023 $5,846 $391,831 $156,726 $235,105
2022 $5,774 $384,149 $153,653 $230,496
2021 $5,646 $376,618 $150,641 $225,977
2019 $5,550 $365,449 $146,174 $219,275
2018 $5,321 $358,284 $143,308 $214,976
2016 $5,113 $344,374 $137,745 $206,629
2015 $5,028 $339,202 $135,676 $203,526
2014 $4,992 $332,559 $133,019 $199,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25064120

California Regional Multiple Listing Service (CRMLS)

APN: 4156-003-008