2114 Clark Ln Redondo Beach, CA 90278
North Redondo Beach NeighborhoodEstimated payment $14,219/month
About This Home
Price reduced by $130,000! This prime investment opportunity contains a 5.59% Cap Rate and 13.08 GRM. The property is a beautifully renovated 4-unit residential asset in the highly desirable North Redondo Beach location. The asset consists of a triplex plus a newly constructed detached 3-bedroom/2-bath ADU. The asset contains an outstanding unit mix of a 3-bedroom/2-bath house with private yard, a 3-bedroom/2-bath ADU, a 2-bedroom/1-bath unit, and a 1-bedroom/1-bath unit. All units have been thoughtfully upgraded with modern kitchens and bathrooms, and each unit contains new Whirlpool washers and dryers. The property has undergone capital improvements including new roofs, new windows and copper plumbing upgrades. Situated on a large 7,500-SF lot with 5 parking spaces, the property also boasts excellent curb appeal with fresh exterior paint, stucco repairs, and new lighting completed in 2024. Ideally located near Hermosa Beach Pier, Pier Avenue, King Harbor, and the Redondo Beach Pier, the asset offers tenants convenient access to premier coastal dining, shopping, and recreation. This residential property presents a compelling owner-user opportunity while also delivering strong in-place financials. Additionally, the property is not subject to Los Angeles rent control and instead falls under AB 1482. With eligibility for attractive 1-4 unit residential financing, this turnkey asset represents a rare opportunity to acquire a stabilized asset in a highly sought-after location.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 7,500 Sq Ft Lot
Interior Spaces
- 3,650 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Bathrooms
Laundry
- Laundry in unit
- Washer
Parking
- 5 Parking Spaces
- Assigned Parking
Listing and Financial Details
- Assessor Parcel Number 4156-030-005
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Vacancy Allowance $5,380
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 | $22,458 | $1,640,000 | $1,300,000 | $340,000 |
| 2024 | $22,458 | $1,842,789 | $1,290,500 | $552,289 |
| 2023 | $21,597 | $1,806,657 | $1,265,197 | $541,460 |
| 2022 | $21,223 | $1,771,234 | $1,240,390 | $530,844 |
| 2021 | $20,669 | $1,736,505 | $1,216,069 | $520,436 |
| 2020 | $20,651 | $1,718,700 | $1,203,600 | $515,100 |
| 2019 | $20,186 | $1,685,000 | $1,180,000 | $505,000 |
| 2018 | $3,487 | $214,511 | $41,560 | $172,951 |
| 2016 | $3,348 | $206,184 | $39,948 | $166,236 |
| 2015 | $3,299 | $203,087 | $39,348 | $163,739 |
| 2014 | $3,254 | $199,110 | $38,578 | $160,532 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/21/2026 04/21/26 | Pending | -- | -- | -- | |
| 04/02/2026 04/02/26 | Price Changed | $2,345,000 | -5.3% | $642 / Sq Ft | |
| 02/26/2026 02/26/26 | For Sale | $2,475,000 | +50.9% | $678 / Sq Ft | |
| 09/12/2024 09/12/24 | Sold | $1,640,000 | -0.6% | $692 / Sq Ft | View Prior Sale |
| 08/06/2024 08/06/24 | For Sale | $1,650,000 | +0.6% | $696 / Sq Ft | |
| 08/06/2024 08/06/24 | Off Market | $1,640,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $1,640,000 | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,148,000 | New Conventional |
Source: The MLS
MLS Number: 26657255
APN: 4156-030-005
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