NOT LISTED FOR SALE

2422 Carnegie Ln Redondo Beach, CA 90278

North Redondo Beach Neighborhood
9 Beds
5 Baths
3,834 Sq Ft
7,429 Sq Ft Lot

Last Sold November 04, 2021

Last sale price $2,084,272 $544 Per Sq Ft

21 Days on Market

About This Home

As of November 2021

We are pleased to present an opportunity to acquire a 5 unit multifamily property located in Redondo Beach. For the first time on the market in over 40 years, this property presents a significant value add opportunity for a new owner. The interiors are completely original and there is some deferred maintenance on the property. This property is comprised of a single story home and four apartments over garages. There might be an opportunity to convert some of the garages into ADUs. Buyer to verify**. Please ask to see our inspection report detailing some of the deferred maintenance items. This is a contractor or value add buyers dream deal and wont last long! -Contractor or Value Add Buyers Dream, -First time on the market in over 40 years, -Possible ADU conversion while still keeping ample parking, -Over 35% upside in rents, -Located next to brand new construction

Last Agent to Sell the Property

Jonathan Weir

Marcus & Millichap License #02038545 Listed on: 09/09/2021

Last Buyer's Agent

Woody Stahl

Lyon Stahl Investment Real Est License #01399621

Lyon Stahl Investment Real Est

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 7,429

Parking

  • Garage

Interior Spaces

  • 3,834 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Additional Features

  • 7,429 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 4157-010-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3834
  • Lot Acreage: 0.1705
  • Probate: No
  • Stories: 2
  • Year Built: 1952
  • Number Of Photos: 7
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 547.73

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Garage

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 40.56
  • Assessed Improvement Value: 362312
  • Assessed Land Percent: 59.44
  • Assessed Land Value: 530998
  • Total Assessed Value: 893310
  • Assessor Parcel Number: 4157-010-001
  • Lot Size Area: 7429

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 18.87
  • Number Of Units: 5
  • Total Annual Expense: 44798
  • Type Of Units: Multi-Family
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: None

Range of Values:

Collateral Analytics

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Average Value
Not Available
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

Property History

Date Event Price Change Sq Ft Price
11/04/2021 11/04/21 Sold $2,084,272 -0.7% $544 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $2,100,000 -- $548 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jonathan Weir

    Seller's Agent in 2021

    Jonathan Weir

    Marcus & Millichap

    (310) 909-5500

    2 in this area

    66 Total Sales

    Jonathan Weir
    Section Image

  • W

    Buyer's Agent in 2021

    Woody Stahl

    Lyon Stahl Investment Real Est

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-780468

The MLS
California Los Angeles County Redondo Beach 90278 North Redondo Beach

2422 Carnegie Ln, Redondo Beach, CA

This home is located at 2422 Carnegie Ln, Redondo Beach, CA 90278 since 09 September 2021. This property was built in 1952. 2422 Carnegie Ln is a home located in Los Angeles County with nearby schools including Washington Elementary School, Adams Middle School, and Redondo Union High School.

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