2204 Carnegie Lane, Redondo Beach, CA 90278
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
2204 Carnegie Lane,Redondo Beach, CA 90278
$2,075,000
- 8 Beds
- 4 Baths
- 2,904 sq. ft.
- Multi-family
- Active
Listed by:gianluca jacoli
Office:shield cre, inc.
MLS#:25587185
Source:CRMLS
Price summary
- Price:$2,075,000
- Price per sq. ft.:$714.53
About this home
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.
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Home facts
- Year built:1957
- Listing ID #:25587185
- Added:6 day(s) ago
- Updated:September 10, 2025 at 05:34 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Living area:2,904 sq. ft.
Structure and exterior
- Year built:1957
- Building area:2,904 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$2,075,000
- Price per sq. ft.:$714.53
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