$4,150,000

2616 Gates Ave Redondo Beach, CA 90278

North Redondo Beach Neighborhood

Estimated payment $26,872/month

Total Views 13,417
5 Beds
2 Baths
8,024 Sq Ft
$517 Price per Sq Ft

Highlights

  • Laundry Room
  • Madison Elementary School Rated A+
  • Rectangular Lot

About This Home

Prime North Redondo Beach apartment, Well maintained. 30% upside potential. eight 2 bedroom and two 3 bedroom units. New roof, new gutters,
updated electrical panels. Close to freeways, shopping malls, stores and beach.

Listing Agent

CRAIG CHEN

HOME TEAM REALTY Brokerage Phone: 310-953-7114 License #00794201 Listed on: 08/08/2025

HOME TEAM REALTY

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 9,001 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 10 Car Garage

Interior Spaces

  • 8,024 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 5 / 7
  • Tax Tract Number 2
  • Assessor Parcel Number 4153026004
  • $3,442 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $410
  • Fuel Expense $3,251
  • Insurance Expense $5,400
  • Maintenance Expense $7,748
  • Pest Control $240
  • Trash Expense $4,618
  • Water Sewer Expense $6,662
  • New Taxes Expense $42,000
  • Operating Expense $70,329
  • Gross Income $263,280
  • Net Operating Income $185,052

Additional Features

  • 10 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

0

Parking

10

Listing Details

  • Price Per Unit: 415000
  • Property Attached: No
  • Water Sewer Expenses: 6662.00
  • Zoning: RBR-3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4153026004
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: street
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 517.20

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 240.00
  • Sewer: Public Sewer
  • Trash Expense: 4618.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 9001.00
  • Lot Size Acres: 0.2066

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 410.00
  • Fuel Expense: 3251.00
  • Gross Income: 263280.00
  • Gross Operating Income: 255381.00
  • Gross Scheduled Income: 263280.00
  • Insurance Expense: 5400.00
  • Lot Size Area: 9001.0000 Square Feet
  • Maintenance Expense: 7748.00
  • Net Operating Income: 185052.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 70329.00
  • Rent Control: Yes
  • Total Expenses: 70329.00

Tax Info

  • New Taxes Expense: 42000.00
  • Tax Block: 7
  • Tax Census Tract: 6205.21
  • Tax Lot: 5
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 3442.00

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

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 For Sale $4,150,000 -- $517 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IN25176939

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Redondo Beach 90278 North Redondo Beach

2616 Gates Ave, Redondo Beach, CA

This home is located at 2616 Gates Ave, Redondo Beach, CA 90278 and is currently priced at $4,150,000, approximately $517 per square foot. This property was built in 1963. 2616 Gates Ave is a home located in Los Angeles County with nearby schools including Madison 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

Nearby Homes
Listing Agent
CRAIG CHEN
Section Image
HOME TEAM REALTY
(424) 484-8903