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For Sale

2204 Carnegie Lane

2204 Carnegie Lane, Redondo Beach, CA 90278

$2,250,000

Come see this turnkey 4-unit apartment complex in a great neighborhood with award winning schools! Imagine living in one of the units with a preferred owner-occupancy interest rate, while collecting rents from the other three units! Each of the four 2-bed, 1 bath units are in nearly identical condition and have the same open floorplan with a combined kitchen/dining/living room. They have updated kitchens and baths with stone counters, stainless steel appliances and fixtures, tile and vinyl floors, vinyl windows, private laundry in the hall, and access to their own private patio through the kitchen door for west-facing sun. There is parking for 8+ vehicles, including the (4) partitioned 1-car garages. A common bricked yard and storage compartment is located at the rear of the lot - an opportunity for a shared grill, bike rack, etc. There's some upside potential for increased rents when the 3 leases expire. Gross annual income of $122,000. NET annual income of $86,400 and a 3.84% CAP.

2,904 Sq.Ft. LIVING AREA

7,494 Sq.Ft. lot

Features & Amenities

Interior

Laundry room Washer Hookup, Gas Dryer Hookup, Inside
Flooring Tile, Vinyl
Fireplace None
APPLIANCES Dishwasher, Gas Range, Gas Water Heater, Refrigerator, Range Hood, Dryer, Washer
other interior Features Ceiling Fan(s), Quartz Counters, Unfurnished, Bedroom on Main Level

Area & Lot

Status For Sale
Living Area2,904 Sq.Ft.
Lot Area7,494 Sq.Ft.
MLS® IDSB25084640
TypeMulti-Family
YEAR BUILT1957
View DescriptionNone

Exterior

STORIES1
Garage Space4.0
water SourcePublic
utilitiesCable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Available, Water Connected
PoolNone
lot featuresLandscaped, Level, Rectangular Lot
parkingAssigned, Concrete, Driveway, Garage Faces Front, Garage, Garage Door Opener
HEAT TYPEWall Furnace
AIR CONDITIONINGNone
sewerPublic Sewer
SubstructureSlab
Disability FeaturesNo Stairs
security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)

Financial

Sales Price$2,250,000
Maintenance Fee $1,050/mo
Zoning RBR-3

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