Active
$2,100,000
4 Units
7 Beds
7 Baths
5,167 Area(sq.ft.)
Lot: 7,503 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 4 | 3 | No | $ 3,750 | $ 3,750 | $ 4,000 |
| Unit 2 | 2 | 2 | 3 | No | $ 2,650 | $ 2,650 | $ 2,700 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,250 | $ 2,250 | $ 2,300 |
| 4 | 9 | 10 | $ 11,300 | $ 11,300 | $ 11,700 |
| MLS #: | SB25113304MR |
| Days On Market: | 197 |
| Listing Date: | May 23, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 406 |
| Price per unit: | $ 525,000 |
| Year Built: | 1973 |
Property Details
Located in the heart of North Redondo Beach, this fully occupied 4-plex is a high-performing investment property offering strong rents and long-term upside. The unit mix includes a spacious 4 bed / 2.5 bath front unit with a private yard, two 2 bed / 1.5 bath townhome-style units with enclosed backyards and rooftop terraces, and a bright 1 bed / 1 bath with vaulted ceilings and a fireplace. Unit one has a washer & dryer in unit while units 2, 3, & 4 share a community washer & dryer. Each unit comes with covered garage parking, plus there are two additional covered carport spaces an uncommon perk in the South Bay. Even more rare is the abundance of private outdoor space, ranging from fenced yards to balconies and rooftop decks, making this property incredibly attractive to tenants. Perfectly positioned between the beach and major freeways, this is a turnkey opportunity for investors seeking a well-maintained, income-generating asset in one of the most desirable rental markets in Southern California.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 35,000 |
| Net Operating Income: | $ 89,104 |
| Cap Rate: | 4.2% |
| Gross Rent Multiplier: | 15.50 |
Structure
| Community Features: | Curbs, Sidewalks, Street Lights |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | RBR-3 |
| Land Lease Type: | Fee |
| Parking Garage: | Carport, Garage |
Interior
| Cooking Appliances: | Range |
| Equipment: | Community, In Closet, Inside, Other |
| Fireplace Rooms: | Living Room |
| Laundry: | Community, In Closet, Inside, Other |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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Income
