NOT LISTED FOR SALE

2103 Carnegie Ln Redondo Beach, CA 90278

North Redondo Beach Neighborhood

Estimated Value: $2,205,000 - $2,709,000

12 Beds
8 Baths
5,202 Sq Ft
$459/Sq Ft Est. Value

Last Sold July 17, 2024

Last sale price $2,340,000 $450 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $14,206/month

16 Days on Market

About This Home

As of July 2024

Presenting an exceptional 4-Unit opportunity in north Redondo Beach, this listing features all 3-bedroom/2-bathroom units, each providing spacious floorplans averaging approximately 1,300 square feet. With a current CAP rate of 5.91% and a GRM of 12.77, this investment offers strong returns. Additionally, the property is delivered with TWO VACANT units both of which are rent ready as-is. 2103 Carnegie Lane also offers washer and dryer hook-ups for each and every unit as well as ample parking with a total of 4 garage spaces and 4 tandem spaces.2103 Carnegie Lane is NOT under LA City Rent Control and thus investors can capitalize on the property's substantial upside potential under AB-1482 , making 2103 Carnegie Lane an enticing investment in a prime Beach City sub-market. 2103 Carnegie Lane also qualifies for residential financing allowing a potential purchaser to receive max leverage and put less money down.

Last Agent to Sell the Property

Gianluca Jacoli

Shield CRE, Inc. License #01938297 Listed on: 05/01/2024

Last Buyer's Agent

Gianluca Jacoli

Shield CRE, Inc. License #01938297 Listed on: 05/01/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,506 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • Split Level Home

Interior Spaces

  • 5,202 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Community Details

  • 4 Units
  • Vacancy Allowance $5,638

Listing and Financial Details

  • Assessor Parcel Number 4156-008-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

7,506 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 5202
  • Lot Acreage: 0.1724
  • Price Per Unit: 600000.00
  • Stories: 3
  • Year Built: 1963
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 461.36

Exterior Features

  • Other Structures: Other
  • Paved: Yes

Garage/Parking

  • Garage Spaces: 4
  • Covered Parking: 4
  • Garage Structures: 4
  • Parking Garage: Garage
  • Total Parking: 4

Utilities

  • Number Electric Meters: 4
  • Number Gas Meters: 4

Lot Info

  • Assessed Improvement Percent: 33.33
  • Assessed Improvement Value: 543272
  • Assessed Land Percent: 66.67
  • Assessed Land Value: 1086549
  • Total Assessed Value: 1629821
  • Assessor Parcel Number: 4156-008-014
  • Lot Size Area: 7506

Rental Info

  • Total Actual Rent: 187844.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 12.77
  • Number Of Units: 4
  • Type Of Units: 3+2
  • Vacancy Allow: 5638
  • Vacancy Allow Percent: 3.00

Tax Info

  • Tax Percent: 1.10
  • Tax Total: 26400.00

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
Jul 10, 2024
Sold by
Mermar Llc
Bought by
Wender Jon and Shin Kimberly
Seller's Agent
Gianluca Jacoli
Shield CRE, Inc.
Buyer's Agent
Gianluca Jacoli
Shield CRE, Inc.
List Price
$2,400,000
Sold Price
$2,340,000
Premium/Discount to List
-$60,000
-2.5%
Views
13
Current Estimated Value
$2,387,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,956
Avg. Annual Appreciation
1.21%
Original Mortgage
$1,638,000
Outstanding Balance
$1,616,976
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$770,980

Purchase Details

Closed on
Feb 1, 2012
Sold by
Leaf Robert W and 1992 Robert W Leaf Declaration
Bought by
Kretschmer R David and Kretschmer Maria E

Purchase Details

Closed on
Mar 14, 1995
Sold by
Mellor M K M and Mellor Sara P
Bought by
Mellor Melvin K
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 Buyer Sale Price Title Company
Wender Jon $2,340,000 Fidelity National Title
Kretschmer R David $1,350,000 Chicago Title Company
Mellor Melvin K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wender Jon $1,638,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2024 07/17/24 Sold $2,340,000 -2.5% $450 / Sq Ft
05/17/2024 05/17/24 Pending -- -- --
05/01/2024 05/01/24 For Sale $2,400,000 -- $461 / Sq Ft
Source: The MLS

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 $19,741 $2,340,000 $1,640,000 $700,000
2024 $19,741 $1,662,416 $1,108,279 $554,137
2023 $19,383 $1,629,821 $1,086,549 $543,272
2022 $19,124 $1,597,865 $1,065,245 $532,620
2021 $18,665 $1,566,535 $1,044,358 $522,177
2020 $18,689 $1,550,473 $1,033,650 $516,823
2019 $18,310 $1,520,073 $1,013,383 $506,690
2018 $17,819 $1,490,268 $993,513 $496,755
2016 $17,234 $1,432,401 $954,935 $477,466
2015 $16,917 $1,410,886 $940,591 $470,295
2014 $16,702 $1,383,250 $922,167 $461,083
Source: Public Records

Agents Affiliated with this Home

  • Gianluca Jacoli

    Seller's Agent in 2024

    Gianluca Jacoli

    Shield CRE, Inc.

    (510) 708-2662

    6 in this area

    51 Total Sales

    Gianluca Jacoli
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Map

Source: The MLS

MLS Number: 24-386597

The MLS

APN: 4156-008-014

California Los Angeles County Redondo Beach 90278 North Redondo Beach

2103 Carnegie Ln, Redondo Beach, CA

Not Listed for Sale

MultiFamily

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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