$3,675,000
$100K PRICE DROP

2420 Grant Ave Redondo Beach, CA 90278

North Redondo Beach Neighborhood

Estimated payment $23,255/month

Total Views 6,471
11 Beds
7 Baths
4,250 Sq Ft
$865 Price per Sq Ft

Highlights

  • Lawn
  • Laundry Room
  • Level Lot
  • Washington Elementary School Rated A+
  • Bike Trail
  • 4-minute walk to Perry Park

About This Home

Welcome to 2420 Grant Avenue, a beautifully remodeled 5-unit multi-family property in the heart of Redondo Beach, offering a perfect blend of modern luxury and coastal charm. This exceptional investment opportunity features two 3-bedroom, 2-bath units, two 2-bedroom, 1-bath units, and one 1-bedroom, 1-bath unit, all designed for maximum comfort and rental appeal. With a gross operating income of $231,108, this property presents a strong return in a thriving rental market.

Each unit has been thoughtfully upgraded with individually controlled air conditioning, in-unit washer and dryer, and modern dishwashers, ensuring a seamless living experience for tenants. The open floorplans create a bright and airy ambiance, maximizing both space and natural light. Outdoor areas are designed for privacy and enjoyment, with a private front yard for the 2-bedroom unit, private backyards for the 3-bedroom units, and a shared courtyard for the upstairs units, providing inviting spaces for relaxation and entertaining.

Located in a highly desirable coastal community, this property is just moments from stunning beaches, top-rated schools, and a vibrant local scene, making it a prime choice for renters seeking the best of Southern California living. With its beach-inspired exterior, high-end finishes, and ideal location, 2420 Grant Avenue stands out as an exceptional turnkey investment opportunity in one of Los Angeles County’s most sought-after markets.

Listing Agent

Devin Jensen

Jensen Realty Brokerage Phone: 310-809-2891 License #01893875 Listed on: 06/11/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 7,509 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Lawn
  • Back Yard

Parking

  • 5 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,250 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 2 / 44
  • Tax Tract Number 8060
  • Assessor Parcel Number 4157018002

Community Details

Overview

  • 2 Buildings
  • 5 Units

Recreation

  • Bike Trail

Building Details

  • 5 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gross Income $231,108
  • Net Operating Income $168,709

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.35
  • Price Per Unit: 735000
  • Property Attached: No
  • Zoning: RBR-3
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 4157018002
  • Year Built: 1952
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 864.71

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, In Closet, Inside, Stackable, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Gutters, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Lawn, Level with Street
  • Lot Size Sq Ft: 7509.00
  • Lot Size Acres: 0.1724

Multi Family

  • Gross Income: 231108.00
  • Gross Scheduled Income: 231108.00
  • Lot Size Area: 7509.0000 Square Feet
  • Net Operating Income: 168709.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 62399.00
  • Operating Expense Percent: 27.00
  • Rent Control: No

Tax Info

  • Tax Block: 44
  • Tax Census Tract: 6206.01
  • Tax Lot: 2
  • Tax Tract Number: 8060

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

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 Price Changed $3,675,000 -2.6% $865 / Sq Ft
06/11/2025 06/11/25 For Sale $3,775,000 -- $888 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25130477

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Redondo Beach 90278 North Redondo Beach

2420 Grant Ave, Redondo Beach, CA

This home is located at 2420 Grant Ave, Redondo Beach, CA 90278 and is currently priced at $3,675,000, approximately $864 per square foot. This property was built in 1952. 2420 Grant Ave is a home located in Los Angeles County with nearby schools including Washington Elementary School, Adams Middle School, and Redondo Union High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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Devin Jensen
Listing Agent
Devin Jensen
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Jensen Realty
(310) 773-3036