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$ 2,075,000
Est. payment /mo
Active Under Contract
2204 Carnegie Lane Redondo Beach, CA 90278
8 Beds
2,904 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,904 sqft
Price per Sqft $714
MLS Listing ID CL25587185
Bedrooms 8
HOA Y/N No
Year Built 1957
Lot Size 7,492 Sqft
Acres 0.17
Property Sub-Type OTHER
Property Description
Discover an outstanding investment at 2204 Carnegie Lane in Redondo Beacha four-unit, single-story multifamily property blending coastal allure with robust financial potential. Nestled on a generous 7,492-square-foot lot, this residential asset offers room for enhancements and expansions, making it perfect for savvy investors. All units feature a uniform 2-bedroom, 1-bathroom design, appealing to tenants in this sought-after market.Positioned in the premier North Redondo submarket, the property is under two miles from the beach, providing easy access to Hermosa Beach Pier, Pier Avenue, King Harbor, and Redondo Beach Pier for dining, shopping, and leisure. The large lot and four single-car garages enhance parking convenience and unlock ADU potential, allowing for additional rental units to amplify revenue.Benefiting from AB 1482 rent control (not L.A.'s stricter rules), owners enjoy predictable rent hikes with minimal restrictions. Landlord costs are low, covering only basic utilities and operations, as tenants manage most expenses. Currently, it boasts a 4.06% cap rate and 17.39 GRM for immediate stability, with a pro-forma 5.04% cap rate signaling growth via adjustments or improvements. Eligible for residential financing, it's buyer-friendly.In the vibrant South Bay, near top sc
Location
State CA
County Los Angeles
Zoning RBR-
Interior
Fireplace No
Laundry Washer
Exterior
Total Parking Spaces 4
Building
New Construction No
Others
Tax ID 4157012010
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Gianluca Jacoli • Shield CRE, Inc.
