2204 Carnegie Lane
Redondo Beach, CA, 90278
$2,250,000
Beds
0 Baths
SqFt
0.17 Acres
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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.

Property Details

Price:
$2,250,000
MLS #:
SB25084640
Status:
Active
Baths:
0
Address:
2204 Carnegie Lane
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
152nredondobchvillassouth
City:
Redondo Beach
Listed Date:
Apr 21, 2025
State:
CA
ZIP:
90278
Lot Size:
7,494 sqft / 0.17 acres (approx)
Year Built:
1957
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Schools

Interior

Accessibility Features
No Interior Steps
Appliances
Dishwasher, Gas Range, Gas Water Heater, Range Hood, Refrigerator
Cooling
None
Fireplace Features
None
Flooring
Tile, Vinyl
Heating
Wall Furnace
Interior Features
Ceiling Fan(s), Quartz Counters, Unfurnished
Window Features
Blinds

Exterior

Community Features
Biking, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Electric
Standard
Fencing
Wood
Foundation Details
Slab
Garage Spaces
4.00
Lot Features
Landscaped, Rectangular Lot, Level
Parking Features
Assigned, Driveway, Concrete, Garage Faces Front, Garage Door Opener
Parking Spots
8.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public

Financial

Tenant Pays
Cable T V, Electricity, Gas
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Available, Water Connected

Map

Community

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