$2,478,000
$22K PRICE DROP

Estimated payment $14,421/month

Total Views 12,945
9 Beds
5 Baths
5,186 Sq Ft
$478 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • 1-Story Property
  • Lincoln Elementary School Rated A+
  • Back Yard

About This Home

Investment opportunity, well maintain four unit apartment building located in between the prime Redondo Beach and Manhattan Beach. Total building size is approximately 5,186 Sq.Ft. on a 7,500 lot size. The front unit has 3 Bed+Den+2 Bath+ back yard and other three units have 2 Bed+ 1 Bath andits own back yard. Separately metered for gas and electricity. There are three 2 car garages and one 1 car garage. Please do not disturb the tenants and Interior showing is accepted offer only. Seller is motivated.

Listing Agent

Ken Lee

World Citizen Realty Brokerage Phone: 714 798-5868 License #01223495 Listed on: 05/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,287

Year Built

  • Built in 1974

Lot Details

  • 7,506 Sq Ft Lot
  • 1 Common Wall
  • Back Yard

Parking

  • 7 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 5,186 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 23 / 73
  • Assessor Parcel Number 4155011023
  • $1,539 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1,100
  • Fuel Expense $900
  • Insurance Expense $2,100
  • Professional Management Expense $8,100
  • Trash Expense $1,800
  • Water Sewer Expense $1,600
  • Operating Expense $18,750
  • Gross Income $105,900
  • Net Operating Income $87,150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,287

Year Built

Built in 1974

Lot Details

0

Parking

7

Listing Details

  • Price Per Unit: 619500
  • Professional Management Expense: 8100.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1600.00
  • Zoning: RBR-2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4155011023
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: DOOR
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 477.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 7506.00
  • Lot Size Acres: 0.1723

Multi Family

  • Electric Expense: 1100.00
  • Fuel Expense: 900.00
  • Gross Income: 105900.00
  • Gross Scheduled Income: 105900.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 7506.0000 Square Feet
  • Net Operating Income: 87150.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 18750.00
  • Rent Control: No
  • Total Expenses: 18750.00

Tax Info

  • Tax Block: 73
  • Tax Census Tract: 6205.22
  • Tax Lot: 23
  • Tax Tract Number: B
  • TaxOtherAnnualAssessmentAmount: 1539.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $12,287 $999,098 $530,494 $468,604
2024 $12,287 $979,509 $520,093 $459,416
2023 $12,074 $960,304 $509,896 $450,408
2022 $11,916 $941,476 $499,899 $441,577
2021 $11,634 $923,017 $490,098 $432,919
2019 $11,418 $895,641 $475,562 $420,079
2018 $11,044 $878,081 $466,238 $411,843
2016 $10,659 $843,986 $448,135 $395,851
2015 $10,468 $831,309 $441,404 $389,905
2014 $10,349 $815,026 $432,758 $382,268
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 Price Changed $2,478,000 -0.9% $478 / Sq Ft
05/03/2025 05/03/25 For Sale $2,499,999 -- $482 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- Fidelity Natl Ttl Co Long Be
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $1,054,500 No Value Available
Closed $945,000 Stand Alone First
Closed $200,000 Unknown
Closed $110,000 Fannie Mae Freddie Mac
Closed $5,000 Stand Alone Second
Closed $50,000 Unknown
Closed $630,000 Unknown
Closed $500,000 Unknown
Source: Public Records

Similar Homes in Redondo Beach, CA

  • 2204 Carnegie Ln, Redondo Beach, CA 90278

    $2,075,000

    • 8 Beds
    • 4 Baths
    • 2,904 Sq Ft
    • 2204 Carnegie Ln
    • Redondo Beach, CA

    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

    Gianluca Jacoli Shield CRE, Inc.

    Section Image
  • 2212 Grant Ave, Redondo Beach, CA 90278

    $2,000,000

    • 7 Beds
    • 7 Baths
    • 5,167 Sq Ft
    • 2212 Grant Ave
    • Redondo Beach, CA

    Located in the heart of North Redondo Beach, this fully occupied 4-plex is a high-performing investment property offering strong rents and long-term upside. The unit mix includes a spacious 4 bed / 2.5 bath front unit with a private yard, two 2 bed / 1.5 bath townhome-style units with enclosed backyards and rooftop terraces, and a bright 1 bed / 1 bath with vaulted ceilings and a fireplace. Unit

    Jessica Swarbrick Pacifica Properties Group, Inc.

    Section Image
  • 2607 Rockefeller Ln, Redondo Beach, CA 90278

    $2,750,000

    • 10 Beds
    • 5 Baths
    • 3,598 Sq Ft
    • 2607 Rockefeller Ln
    • Redondo Beach, CA

    Fully renovated back in 2019. Front house and 4-unit 2-story apartment building with the rear garage & laundry room. All 2bed-1bath 5 units. 2-car parking in the front for the front house and 1-car garage for other 4 units. The garage with the laundry is in the back and ADU potential for value-up. Buyer & buyer's agent to verify it.

    Norio Kanai Cosmo Investment

    Section Image
  • 2400 Marshallfield Ln, Redondo Beach, CA 90278

    $2,249,000

    • 10 Beds
    • 5 Baths
    • 3,911 Sq Ft
    • 2400 Marshallfield Ln
    • Redondo Beach, CA

    First time on the market in nearly 50 years. Sitting on an elevated SE corner lot, with tremendous on-street parking, plus direct in and out parking to each garage along the west edge of the property, corner of MacKay Lane and Marshallfield Lane. The property is well kept and upgraded, in a bright and sunny, great quiet location. With two 3 bedroom units and two 2 bedroom units, one with a

    Robb Stroyke Bayside

    Section Image
  • 1816 Speyer Ln, Redondo Beach, CA 90278

    $2,495,000

    • 9 Beds
    • 6 Baths
    • 5,080 Sq Ft
    • 1816 Speyer Ln
    • Redondo Beach, CA

    Well-maintained 4-unit complex in desirable Jefferson Elementary neighborhood. 100% tenant-occupied. Three units are 2BD/1BA with separate powder area, all recently remodeled with granite counters, vinyl windows, tile floors, tiled stairwells to rooftop decks, vinyl flooring, new E-pipe plumbing, and newly sealed/coated roof. Termite repairs have been completed. Each unit has a private courtyard

    Greg Fabian Thompson Team Real Estate, Inc.

    Section Image
  • 1314 Agate St, Redondo Beach, CA 90277

    $2,150,000

    • 9 Beds
    • 7 Baths
    • 4,186 Sq Ft
    • 1314 Agate St
    • Redondo Beach, CA

    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

    Woody Stahl Lyon Stahl Investment Real Est

    Section Image
  • 1322 Amethyst St, Redondo Beach, CA 90277

    $2,849,000

    • 8 Beds
    • 8 Baths
    • 4,365 Sq Ft
    • 1322 Amethyst St
    • Redondo Beach, CA

    This is such an awesome location for a totally remodeled Home plus triplex in Redondo Beach. Firstly you are located at the end of a quiet cul de sac, slightly more than a mile from the south end of the Beach on the Hermosa/Redondo border. Flagler Lane abuts the Cul de Sac, with abundant parking three doors from the building. On the east side of Flagler Lane is a regional park and a dog park.

    Robert Freedman DOMO Real Estate

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25093715

California Regional Multiple Listing Service (CRMLS)

APN: 4155-011-023