NOT LISTED FOR SALE

Estimated Value: $1,791,000 - $1,996,000

8 Beds
4 Baths
2,904 Sq Ft
$650/Sq Ft Est. Value

Sale Details

Date Sold: November 18, 2025

Last sale price $1,850,000 $637 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $11,639 / mo

41 Days on Market

Highlights

  • 4 Car Garage
  • 1-Story Property
  • 4-minute walk to Perry Park
  • Birney Elementary School Rated A+

About This Home

As of November 2025

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 tenants in this sought-after market.Positioned in the premier North Redondo submarket, the property is under two miles from the beach, providing easy access to Hermosa Beach Pier, Pier Avenue, King Harbor, and Redondo Beach Pier for dining, shopping, and leisure. The large lot and four single-car garages enhance parking convenience and unlock ADU potential, allowing for additional rental units to amplify revenue.Benefiting from AB 1482 rent control (not L.A.'s stricter rules), owners enjoy predictable rent hikes with minimal restrictions. Landlord costs are low, covering only basic utilities and operations, as tenants manage most expenses. Currently, it boasts a 4.06% cap rate and 17.39 GRM for immediate stability, with a pro-forma 5.04% cap rate signaling growth via adjustments or improvements. Eligible for residential financing, it's buyer-friendly.In the vibrant South Bay, near top schools, parks, and the 405 highway, it draws professionals, families, and retirees amid high rental demand and low vacancies. Proximity to tech hubs and outdoor activities ensures long-term appreciation. This Redondo Beach gem delivers cash flow, equity growth, and lifestyle perks in one of Southern California's prime coastal spots.

Last Agent to Sell the Property

Gianluca Jacoli

Shield CRE, Inc. License #01938297 Listed on: 09/03/2025

Last Buyer's Agent

Daniel Boag

Estate Properties License #02002041

Estate Properties

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 7,492 Sq Ft Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 2,904 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry in unit
  • Washer

Community Details

  • 4 Units
  • Vacancy Allowance $3,688

Listing and Financial Details

  • Assessor Parcel Number 4157-012-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

7,492 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2904
  • Lot Acreage: 0.1720
  • Price Per Unit: 518750.00
  • Stories: 1
  • Year Built: 1957
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Equipment: Washer, Gas Dryer Hookup
  • Price Per S Q F T: 714.53

Exterior Features

  • Other Structures: Other
  • Paved: Yes

Garage/Parking

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

Utilities

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

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 427053
  • Assessed Land Percent: 60
  • Assessed Land Value: 640582
  • Total Assessed Value: 1067635
  • Assessor Parcel Number: 4157-012-010
  • Lot Size Area: 7492

Rental Info

  • Total Actual Rent: 119340.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 17.39
  • Number Of Units: 4
  • Type Of Units: 2+1
  • Vacancy Allow: 3688
  • Vacancy Allow Percent: 3.00

Tax Info

  • Tax Percent: 1.25
  • Tax Total: 25937.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2025
Closed on
Nov 13, 2025
Sold by
Barbara Lee Schulz Family Trust and Lee Schulz Barbara
Bought by
Seller's Agent
Gianluca Jacoli
Shield CRE, Inc.
Buyer's Agent
Daniel Boag
Estate Properties
List Price
$2,075,000
Sold Price
$1,850,000
Premium/Discount to List
-$225,000
-10.84%
Views
21
Current Estimated Value
$1,880,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,761
Avg. Annual Appreciation
2.60%
Original Mortgage
$1,387,500
Outstanding Balance
$1,378,298
Interest Rate
6.34%
Mortgage Type
New Conventional
Estimated Equity
$510,498

Purchase Details

Closed on
Oct 8, 2010
Sold by
Schulz Barbara Lee
Bought by
Schulz Barbara Lee and The Barbara Lee Schulz Family Trust

Purchase Details

Closed on
Sep 8, 2010
Sold by
Blair Donald Wingate
Bought by
Schulz Barbara Lee

Purchase Details

Closed on
May 7, 2008
Sold by
Beachshores Llc
Bought by
Blair Ii Donald Wingate

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$889,000
Interest Rate
5.88%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Apr 2, 2008
Sold by
Samimi Sasan
Bought by
Beachshores Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$889,000
Interest Rate
5.88%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 14, 2007
Sold by
Troup Suzanne
Bought by
Samimi Sasan and Samimi Fariba Modarres

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 1998
Sold by
Anastasi Lloyd R
Bought by
Anastasi Construction Company Inc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in North Redondo Beach, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,850,000 Chicago Title
Schulz Barbara Lee -- Accommodation
Schulz Barbara Lee $850,000 Lawyers Title
Blair Ii Donald Wingate $1,270,000 Stewart Title Company
Beachshores Llc -- Accommodation
Samimi Sasan $900,000 Southland Title Co Burbank
Anastasi Construction Company Inc -- --
Anastasi Construction Company Inc -- Orange Coast Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,387,500
Previous Owner Barbara Lee Schulz Family Trus $1,100,000
Previous Owner Blair Ii Donald Wingate $150,000
Previous Owner Blair Ii Donald Wingate $889,000
Previous Owner Samimi Sasan $585,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/18/2025 11/18/25 Sold $1,850,000 -10.8% $637 / Sq Ft
10/14/2025 10/14/25 Pending -- -- --
09/03/2025 09/03/25 For Sale $2,075,000 -- $715 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $15,143 $1,850,000 $1,300,000 $550,000
2025 $15,143 $1,088,987 $653,393 $435,594
2024 $14,513 $1,067,635 $640,582 $427,053
2023 $14,263 $1,046,702 $628,022 $418,680
2022 $13,906 $1,026,179 $615,708 $410,471
2021 $13,487 $1,006,059 $603,636 $402,423
2019 $13,064 $976,221 $585,733 $390,488
2018 $12,606 $957,081 $574,249 $382,832
2017 $12,400 $938,316 $562,990 $375,326
2016 $12,183 $919,918 $551,951 $367,967
2015 $11,976 $906,101 $543,661 $362,440
2014 $11,799 $888,353 $533,012 $355,341
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25587185

The MLS

APN: 4157-012-010

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