2204 Carnegie Lane new Save Request In-Person Tour Request Virtual Tour
Redondo Beach,CA 90278
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,904 sqft
Price per Sqft $774
MLS Listing ID CRSB25084640
Year Built 1957
Lot Size 7,494 Sqft
Property Sub-Type Quadruplex
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
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Tile,Vinyl
Laundry Dryer,Gas Dryer Hookup,Washer,Other,Inside
Exterior
View None
Building
Lot Description Level,Other,Landscape Misc
Water Public