2118 CarnegieRedondo Beach, CA 90278

Description

Marcus & Millichap is pleased to present the opportunity to acquire a turnkey fourplex in Redondo Beach, a coastal South Bay submarket with consistent rental demand and convenient access to beaches, retail, dining, and major freeways. The property has been extensively remodeled and offers a strong unit mix consisting of one four-bedroom/three-bathroom unit, two two-bedroom/two-bathroom units, and one two-bedroom/one-bathroom unit. Current rents provide approximately nine percent rental upside, offering investors an opportunity to increase income through future lease turnover. 2118 Carnegie Lane features completely remodeled interiors with vinyl plank flooring, quartz countertops, stainless steel appliances, updated cabinetry, modern fixtures, and stacking laundry units. The property also boasts rooftop decks, garages with EV charging capability, storage, security features, a new roof, repaved driveway, and more. This offering presents an opportunity to acquire a pride-of-ownership asset in a highly desirable coastal rental market.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Year built

1972

Stories

2

Building area

5,302 Sq Ft

Lot size

0.17 acres

Garage spaces

6

Parking spaces

6

Days on market

56

MLS^® Listing#

PW26176519

Property Features

Pool

None

Laundry

Inside

Lot features

Rectangular Lot

Community

Suburban

Sewer

Public Sewer

Water source

Public

Parcel number

4156009003

Directions

between Rindge and Blossom