CA > Redondo Beach
Redondo Beach, CA 90278,2204 Carnegie Ln
Redondo Beach, CA 90278,2204 Carnegie Ln
Redondo Beach, CA 90278,2204 Carnegie Ln
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$2,075,000
Est. payment /mo
8 Beds
4 Baths
2,904 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,904 sqft

Price per Sqft $714

MLS Listing ID 25587185

Bedrooms 8

Year Built 1957

Annual Tax Amount $25,937

Lot Size 7,492 Sqft

Acres 0.172

Property Sub-Type Multi-Family

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 schools, parks, and the 405 highway, it draws professionals, families, and retirees amid high rental demand and low vacancies. Proximity to tech hubs and outdoor activities ensures long-term appreciation. This Redondo Beach gem delivers cash flow, equity growth, and lifestyle perks in one of Southern California's prime coastal spots.

Location

State CA

County Los Angeles

Area N. Redondo Beach/Villas South

Zoning RBR-3

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Washer, Gas Dryer Hookup

Laundry In Unit

Exterior

Parking Features Garage

Garage Spaces 4.0

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Shield CRE, Inc.

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+1(424) 214-0133

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