1902 Flagler Ln - Multi-Family FOR SALE


Redondo Beach, CA 90278- North Redondo Beach
$2,289,000 USD
310-259-7556
1902 Flagler Ln, Redondo Beach, CA for Sale
$2,289,000 USD
Multi-Family - FOR SALE
1/29
null | 6.86% Cap Rate

1902 Flagler Ln
Redondo Beach, CA 90278
North Redondo Beach


HIGHLIGHTS

  • Delivered 100% vacant: immediate path to full market rents after renovation offered at 6.86% CAP & 11.92 GRM
  • Garage conversion: SB 1211 / SB 79 & Redondo’s ADU code, garage-to-ADU is allowed without parking replacement; rapid permit processing for value-add
  • Desired Premium Rentable Unit Mix (2) 3+2 & (2) 2+2
  • South Bay location: walkable to beaches, entertainment, and local job centers—always top rental demand.

OVERVIEW

Rare Find! A Fully Vacant 4 Plex ready to be remodeled to your liking with your own tenants. 1902 Flagler Ln, located in a highly desirable pocket of Redondo Beach is a massive 4,724 sq ft. This oversized 4 plex also sits on a 7500 sq ft lot, perfect for adding ADUs while still maintaining parking. The asset comes complete with 4 Garages and 5 additional parking tandem to the garages. RBR-3 lot, the property offers two spacious 3-bed/2-bath units and two 2-bed/2-bath, with classic mid-century curb appeal in a quiet neighborhood. At stabilization, before ADU, the asset targets a 6.86% CAP / 11.92 GRM, with flexibility to reposition as luxury apartments, long-term rentals, or a mix of mid-term stays. Two detached garages at the rear can be converted into two extra 2+2 ADUs, leveraging new California ADU Ordinances like Senate Bill 1211 & SB 79 that allow multifamily owners to add or convert units—often without replacing onsite parking, subject to streamlined, ministerial approvals. Zoning supports this infill strategy, including potential density bonuses and relaxed standards when aligned with affordable or workforce housing goals. Just minutes from the beach, major employment hubs, and top tourist attractions. For investors seeking scale in one of the South Bay’s most supply-constrained submarkets, 1902 Flagler Ln is a true blank canvas

FOR SALE DETAILS

PRICE

$2,289,000 USD

PRICE/SF

$485 USD /SF

# OF UNITS

4

PRICE/UNIT

$572,250

CAP RATE

6.86%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blank Canvas in Prime Redondo Beach | 4 Units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,504 SF

ZONING

RBR-3

APN/PARCEL ID

4156-003-008

ASK ABOUT THIS PROPERTY

Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

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Cameron SamimiLyon Stahl Investment Real EstateMore Info
310-259-7556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.