2602 Carnegie ln, Redondo Beach, CA 90278
Active
$4,250,000
6 Units
14 Beds
12 Baths
6,117 Area(sq.ft.)
Lot: 7,497 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 3,595 | $ 3,595 | $ 3,775 |
| Unit 2 | 1 | 3 | 2 | No | $ 4,150 | $ 4,150 | $ 4,358 |
| Unit 3 | 1 | 2 | 2 | No | $ 3,745 | $ 3,745 | $ 3,932 |
| Unit 4 | 1 | 3 | 2 | No | $ 4,450 | $ 4,450 | $ 4,673 |
| Unit 5 | 1 | 2 | 2 | No | $ 3,440 | $ 3,440 | $ 3,612 |
| Unit 6 | 1 | 2 | 2 | No | $ 3,395 | $ 3,395 | $ 3,565 |
| 6 | 14 | 12 | $ 22,775 | $ 22,775 | $ 23,915 |
| MLS #: | 25541807 |
| Days On Market: | 254 |
| Listing Date: | May 27, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 695 |
| Price per unit: | $ 708,333 |
| Year Built: | 1969 |
Property Details
We are pleased to present this turnkey 6 unit apartment community located in the heart of Redondo Beach. This asset comprises an attractive extra-large unit mix of two 3-Bed/2-Bath & four 2-Bed/2-Bath apartments. The entire property has been professionally designed, upgraded, and permitted, including upgrade of the electrical, plumbing and sewer systems, new windows, kitchens, bathrooms, flooring, etc. Lease-up produced fantastic and quick results with zero vacancies remaining. These apartments lease FAST due to exquisite exterior and interior design and amenities. Four of the units have private patios and balconies! Extremely walkable neighborhood with restaurants, markets, breweries and local retail up-and-down surrounding blocks. NO LOCAL RENT CONTROL - subject only to AB 1482. Note the 3 bedroom units function accordingly but may be designated as 2-bedrooms on the C of O. Buyer to verify.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 273,000 |
| Total Annual Expense: | $ 74,922 |
| Net Operating Income: | $ 198,378 |
| Gross Annual Income: | $ 273,300 |
| Cap Rate: | 4.67% |
| Gross Rent Multiplier: | 15.55 |
| Actual Rent Total: | $ 273,300 |
Structure
| Type of Units: | Standard |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Zoning: | RBR-3 |
| Parking Garage: | Assigned, On street, Tandem |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | Dishwasher, Dryer, Washer, Refrigerator, Range/Oven |
| Heating: | Combination |
Exterior
Detailed Map
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