2204 Carnegie Ln

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.

This home located at 2204 Carnegie Ln is currently active and has been available on pardeeproperties.com for 8 days. This property is listed at $2,075,000. It has 8 beds and 4 bathrooms. The property was built in 1957. 2204 Carnegie Ln is in the N. Redondo Beach/Villas South community of County.

The multiple listings information is provided by The MLS™/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2014 The MLS™/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate and should be independently verified.