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Listed by Alex Smith • eXp Realty of California Inc
$2,250,000
Est. payment /mo
7,494 Sqft Lot
New
2204 Carnegie LN Redondo Beach, CA 90278
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25084640
Originating Board California Regional MLS
Year Built 1957
Lot Size 7,494 Sqft
Property Sub-Type Fourplex
Property Description
Come see this turnkey 4-unit apartment complex in a great neighborhood with award winning schools! Imagine living in one of the units with a preferred owner-occupancy interest rate, while collecting rents from the other three units! Each of the four 2-bed, 1 bath units are in nearly identical condition and have the same open floorplan with a combined kitchen/dining/living room. They have updated kitchens and baths with stone counters, stainless steel appliances and fixtures, tile and vinyl floors, vinyl windows, private laundry in the hall, and access to their own private patio through the kitchen door for west-facing sun. There is parking for 8+ vehicles, including the (4) partitioned 1-car garages. A common bricked yard and storage compartment is located at the rear of the lot - an opportunity for a shared grill, bike rack, etc. There's some upside potential for increased rents when the 3 leases expire. Gross annual income of $122,000. NET annual income of $86,400 and a 3.84% CAP.
Location
State CA
County Los Angeles
Area 152 - N Redondo Bch/Villas South
Rooms
Kitchen Dishwasher, Hood Over Range, Other, Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling None
Laundry Gas Hookup, 30, Other, Washer, Dryer
Exterior
Parking Features Assigned Spaces, Garage, Gate / Door Opener, Other
Garage Spaces 8.0
Pool 31, None
View None
Building
Lot Description Grade - Level
Story One Story
Foundation Concrete Slab
Water District - Public
Others
Tax ID 4157012010
Special Listing Condition Not Applicable
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