$2,000,000
$100K PRICE DROP

Estimated payment $11,541/month

Total Views 5,262
7 Beds
7 Baths
5,167 Sq Ft
$387 Price per Sq Ft

Highlights

  • Property is near a park
  • High Ceiling
  • Laundry Room
  • Washington Elementary School Rated A+
  • Beamed Ceilings
  • 2-minute walk to Perry Park

About This Home

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 one has a washer & dryer in unit while units 2, 3, & 4 share a community washer & dryer.
Each unit comes with covered garage parking, plus there are two additional covered carport spaces—an uncommon perk in the South Bay. Even more rare is the abundance of private outdoor space, ranging from fenced yards to balconies and rooftop decks, making this property incredibly attractive to tenants.
Perfectly positioned between the beach and major freeways, this is a turnkey opportunity for investors seeking a well-maintained, income-generating asset in one of the most desirable rental markets in Southern California.

Listing Agent

Jessica Swarbrick

Pacifica Properties Group, Inc. Brokerage Phone: 818-826-9440 License #02034603 Listed on: 05/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,974

Year Built

  • Built in 1973

Lot Details

  • 7,503 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 6 Car Garage
  • 2 Carport Spaces
  • Parking Available

Home Design

  • Quadruplex

Interior Spaces

  • 5,167 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Living Room with Fireplace
  • Carpet
  • Electric Range
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near a park
  • Water Heater

Listing and Financial Details

  • Legal Lot and Block 6 / 46
  • Tax Tract Number 46
  • Assessor Parcel Number 4157020007
  • $1,520 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,350
  • Fuel Expense $2,100
  • Gardener Expense $975
  • Insurance Expense $3,879
  • Maintenance Expense $4,372
  • Pest Control $450
  • Trash Expense $1,500
  • Water Sewer Expense $3,800
  • New Taxes Expense $28,520
  • Operating Expense $46,496
  • Net Operating Income $89,104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,974

Year Built

Built in 1973

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.20
  • Price Per Unit: 500000
  • Property Attached: Yes
  • Water Sewer Expenses: 3800.00
  • Zoning: RBR-3
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 975.00
  • Parcel Number: 4157020007
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, High Ceilings
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 387.07
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Carport, Garage
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Appliances: Electric Range, Water Heater
  • Laundry Features: Community, In Closet, Inside
  • Pest Control Expense: 450.00
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Park Nearby
  • Lot Size Sq Ft: 7503.00
  • Lot Size Acres: 0.1722

Multi Family

  • Electric Expense: 1350.00
  • Fuel Expense: 2100.00
  • Gross Multiplier: 15.50
  • Gross Scheduled Income: 135600.00
  • Insurance Expense: 3879.00
  • Lot Size Area: 7503.0000 Square Feet
  • Maintenance Expense: 4372.00
  • Net Operating Income: 89104.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 46496.00
  • Rent Control: No
  • Total Expenses: 46496.00

Tax Info

  • New Taxes Expense: 28520.00
  • Tax Block: 46
  • Tax Census Tract: 6206.01
  • Tax Lot: 6
  • Tax Tract Number: 46-6
  • TaxOtherAnnualAssessmentAmount: 1520.00

Map

Range of Values:

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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 $7,974 $598,880 $131,849 $467,031
2024 $7,974 $587,138 $129,264 $457,874
2023 $7,844 $575,627 $126,730 $448,897
2022 $7,743 $564,342 $124,246 $440,096
2021 $7,564 $553,277 $121,810 $431,467
2020 $7,568 $548,404 $120,561 $427,843
2019 $7,428 $537,668 $118,198 $419,470
2018 $7,159 $527,142 $115,881 $411,261
2016 $6,842 $505,905 $111,382 $394,523
2015 $6,723 $498,306 $109,709 $388,597
2014 $6,660 $488,545 $107,560 $380,985
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 Price Changed $2,000,000 -4.8% $387 / Sq Ft
07/14/2025 07/14/25 For Sale $2,100,000 0.0% $406 / Sq Ft
07/10/2025 07/10/25 Off Market $2,100,000 -- --
05/23/2025 05/23/25 For Sale $2,100,000 -- $406 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25113304

California Regional Multiple Listing Service (CRMLS)

APN: 4157-020-007