1902 Flagler Ln Redondo Beach, CA 90278
North Redondo Beach NeighborhoodEstimated payment $12,251/month
Highlights
- Golf Course Community
- Fishing
- Bike Trail
- Birney Elementary School Rated A+
- Laundry Room
- 3-minute walk to Andrews Park
About This Home
Rare Find! DELIVERED FULLY VACANT 4 Plex ready to be remodeled to your liking with your own tenants. 1902 Flagler Ln, located in a highly desirable pocket of Redondo Beach, is a massive 4,724 SF. This oversized 4 plex also sits on a 7,500 SF Lot, perfect for adding ADUs while still maintaining parking. The asset comes complete with 4 Garages and 5 additional parking tandem to the garages. RBR-3 lot, the property offers two spacious 3-bed/2-bath units and two 2-bed/2-bath, with classic mid-century curb appeal in a quiet neighborhood. At stabilization, before ADU, the asset targets a 6.86% CAP / 11.92 GRM, with flexibility to reposition as luxury apartments, long-term rentals, or a mix of mid-term stays. Two detached garages at the rear can be converted into two extra 2+2 ADUs, leveraging new California ADU Ordinances like Senate Bill 1211 & SB 79 that allow multifamily owners to add or convert units—often without replacing onsite parking, subject to streamlined, ministerial approvals. Zoning supports this infill strategy, including potential density bonuses and relaxed standards when aligned with affordable or workforce housing goals. Just minutes from the beach, major employment hubs, and top tourist attractions. For investors seeking scale in one of the South Bay’s most supply-constrained submarkets, 1902 Flagler Ln is a true blank canvas
Listing Agent
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 01/16/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 7,504 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 5 Open Parking Spaces
- 4 Car Garage
- Parking Available
- Tandem Uncovered Parking
- Single Garage Door
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
- 8 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 13 / 9
- Tax Tract Number 1234
- Assessor Parcel Number 4156003008
- $1,548 per year additional tax assessments
Community Details
Recreation
- Golf Course Community
- Fishing
- Park
- Dog Park
- Bike Trail
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Electric Expense $3,200
- Insurance Expense $4,724
- Operating Expense $35,083
- Gross Income $192,000
- Net Operating Income $156,917
Additional Features
- 4 Units
- Laundry Facilities
Map
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 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/12/2026 02/12/26 | For Sale | $2,289,000 | 0.0% | $485 / Sq Ft | |
| 02/10/2026 02/10/26 | Off Market | $2,289,000 | -- | -- | |
| 01/16/2026 01/16/26 | For Sale | $2,289,000 | +37.5% | $485 / Sq Ft | |
| 05/07/2025 05/07/25 | Sold | $1,665,000 | +4.1% | $352 / Sq Ft | View Prior Sale |
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,675,000 | Upward Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,773,750 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26007519
APN: 4156-003-008
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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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