$2,150,000
OPEN SUN 11AM - 3PM

Estimated payment $11,755/month

Total Views 30
9 Beds
4 Baths
3,507 Sq Ft
$613 Price per Sq Ft

Highlights

  • 7,507 Acre Lot
  • No HOA
  • Stacked Washer and Dryer
  • Washington Elementary School Rated A+
  • Laundry Room
  • Wall Furnace

About This Home

Rare North Redondo Beach Multifamily Investment Opportunity
An exceptional four-unit multifamily asset has just become available in one of Redondo Beach’s most sought-after neighborhoods a property that hasn’t been on the market in decades.
Unit Mix:
• One freestanding 3-bedroom, 1-bath home with private yard, washer/dryer hookups in unit, engineered hardwood floors and so much more.
• Three 2-bedroom, 1-bath units, each featuring engineered hardwood floors, washer/dryer hookups in units (lower unit has a private yard).
Highlights:
• All units are well-maintained, thoughtfully upgraded and have great rentability.
• Strong tenant appeal with in-unit laundry, outdoor spaces, garages, and engineered hardwood flooring.
• Ample street and nearby parking.
• Long-term ownership with pride of care.
Market Drivers:
• Located in North Redondo Beach, one of the most desirable rental submarkets in the South Bay.
• Historically low vacancy rates, ensuring consistent rental demand.
• A short drive to beaches, restaurants, freeways, tech corridors, and major employment hubs.
• Rare combination of stable cash flow and long-term appreciation potential.
With decades since its last sale, this is a once-in-a-generation opportunity to secure a cornerstone multifamily asset in one of Southern California’s strongest rental markets.
Professional photos coming soon

Listing Agent

Teresa Workman

Teresa Workman Brokerage Phone: 310-626-5078 License #01819432 Listed on: 09/30/2025

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,275

Year Built

  • Built in 1954

Lot Details

  • 7,507 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,507 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 20 / 22
  • Tax Tract Number 20
  • Assessor Parcel Number 4082003019
  • $2,826 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,500
  • Trash Expense $1,800
  • Water Sewer Expense $2,300
  • Operating Expense $10,000
  • Gross Income $91,980
  • Net Operating Income $81,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,275

Year Built

Built in 1954

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Redondo Villa Tract
  • Water Sewer Expenses: 2300.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4082003019
  • Year Built: 1954
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: OpenHouse

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One, Two
  • Price Per Square Foot: 613.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Stackable
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 327004920.00
  • Lot Size Acres: 7507.0000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Grounds Care, Gas, Other, Telephone

Multi Family

  • Gross Income: 91980.00
  • Gross Scheduled Income: 91980.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 7507.0000 Acres
  • Net Operating Income: 81980.00
  • 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: 10000.00
  • Rent Control: No
  • Total Expenses: 10000.00

Tax Info

  • Tax Block: 22
  • Tax Lot: 20
  • Tax Tract Number: 20
  • TaxOtherAnnualAssessmentAmount: 2826.00

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 $4,275 $132,566 $57,089 $75,477
2024 $4,275 $129,968 $55,970 $73,998
2023 $4,224 $127,421 $54,873 $72,548
2022 $4,005 $124,924 $53,798 $71,126
2021 $3,824 $122,476 $52,744 $69,732
2020 $3,727 $121,221 $52,204 $69,017
2019 $3,592 $118,845 $51,181 $67,664
2018 $3,339 $116,516 $50,178 $66,338
2016 $3,134 $111,994 $48,231 $63,763
2015 $3,099 $110,313 $47,507 $62,806
2014 $3,056 $108,153 $46,577 $61,576
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2025 09/30/25 For Sale $2,150,000 -- $613 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Chicago Title Co
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $360,000 New Conventional
Closed $310,000 Purchase Money Mortgage
Closed $250,000 New Conventional
Closed $190,000 Purchase Money Mortgage
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25228942

California Regional Multiple Listing Service (CRMLS)

APN: 4082-003-019