- 8 Beds
- 4 Baths
- 2,904 Sqft
- .17 Acres
2204 Carnegie Lane
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.
Essential Information
- MLS® #25587185
- Price$2,075,000
- Bedrooms8
- Bathrooms4.00
- Square Footage2,904
- Acres0.17
- Year Built1957
- TypeResidential Income
- StatusActive Under Contract
Community Information
- Address2204 Carnegie Lane
- CityRedondo Beach
- CountyLos Angeles
- Zip Code90278
Area
152 - N Redondo Bch/Villas South
Amenities
- Parking Spaces4
- ParkingGarage
- # of Garages4
- GaragesGarage
Interior
- AppliancesWasher
- # of Stories1
- StoriesOne
Additional Information
- Date ListedSeptember 3rd, 2025
- Days on Market70
- ZoningRBR-3
Listing Details
- AgentGianluca Jacoli
- OfficeShield CRE, Inc.
Price Change History for 2204 Carnegie Lane, Redondo Beach, (MLS® #25587185)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – |
Gianluca Jacoli, Shield CRE, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of November 12th, 2025 at 12:42am PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.