2118 Carnegie Ln - Apartments FOR SALE


Redondo Beach, CA 90278- North Redondo Beach
$3,045,000 USD
424-405-3826
2118 Carnegie Ln, Redondo Beach, CA for Sale
$3,045,000 USD
Apartments - FOR SALE
1/13
null | 4.23% Cap Rate

2118 Carnegie Ln
Redondo Beach, CA 90278
North Redondo Beach


HIGHLIGHTS

  • Turnkey Redondo Beach Fourplex: Stunning asset has been completely remodeled
  • Strong Unit Mix: Property features one four-bed/three-bath unit, two two-bed/two-baths, and one two-bed/one-bath
  • Desirable Amenities: Rooftop decks, in-unit laundry, garages with E/V charging, remodeled interiors, and more
  • RUBS Program Already In Place: RUBS recoups utility costs to maximize cash flow
  • Excellent Rental Location: Coastal submarket with consistent rental demand and easy access to beaches, retail, and freeways

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,045,000 USD

PRICE/SF

$574 USD /SF

# OF UNITS

4

PRICE/UNIT

$761,250

CAP RATE

4.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,493 SF

ZONING

RBR-3

APN/PARCEL ID

4156-009-003

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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