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Listed by Tony Puma with eXp Realty of California Inc 310-800-7862
For Sale

1923 Gates

1923 Gates, Redondo Beach, CA 90278

$2,499,000
Rare opportunity to buy this extra-large 4-UNIT PROPERTY WITH THREE VACANT UPDATED UNITS in highly sought-after North Redondo Beach. Put your own tenants in at market rate rents or owner-occupy one or more! The "sister property" next door is also available, creating huge upside development potential! Built in 1968, this well-maintained oversized fourplex (Two 3-Bed/2-Bath units with city/mountain views & two large 2-Bed/2- Bath units) features a total of 10 bedrooms and 8 bathrooms, offering strong income potential in one of the South Bay's most desirable coastal communities. This turnkey property allows investors to focus on maximizing returns almost immediately. Three units have been recently updated with new appliances, hardwood flooring, luxury vinyl bathroom flooring, and fresh interior paint. Each 3-bedroom includes a 2-car garage, & a 1-car garage for each 2-bedroom unit. The shared laundry room provides an additional source of income. Whether you're an experienced investor expanding your portfolio, an owner-occupant wanting to pay your mortgage with great rent-income, or just looking to build long-term wealth through real estate, this is an outstanding opportunity in a prime location.

Studio

5,032 Sq.Ft. LIVING AREA

7,494 Sq.Ft. lot

Features & Amenities

Interior

  • total bedrooms0
  • Laundry room Common Area

Area & Lot

  • Status For Sale
  • Living Area5,032 Sq.Ft.
  • Total Area5,032 Sq.Ft.
  • Lot Area7,494 Sq.Ft.
  • MLS® IDSB26109405
  • TypeMulti-Family
  • YEAR BUILT1968
  • NeighborhoodRedondo Beach

Exterior

  • STORIES2
  • Garage Space6.0
  • water SourcePublic
  • PoolNone
  • lot features2-5 Units/Acre
  • parkingGarage, On Site
  • HEAT TYPERadiant
  • sewerPublic Sewer

Financial

  • Sales Price$2,499,000
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Thank you for your interest in 1923 Gates, Redondo Beach, CA 90278. We are reviewing your request and will be in touch shortly!

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