1923 Gates, Redondo Beach, California 90278, Redondo Beach, 90278 - 0 bed, 0 bath
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Redondo Beach, California 90278
This 4-unit Prime Investment Opportunity is listed at $2,499,000, positioned well below the $2,559,199 Fair Market Value by 2%, providing $60,199 in Instant Equity. Featuring a Condition Rating of 3, the property offers three vacant, updated units with city and mountain views. With its strategic North Redondo Beach location near top-rated schools like Adams Middle and Madison Elementary, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking immediate rental income and long-term development potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1923 Gates Subject | $2,499,000* List Price | 0 | 0 | 5,032 | $509 | - |
A 2406 Curtis Avenue Sold | $2,100,000 | 0 | 0 | 4,583 | $458 | 0.6 mi |
B 1912 Bataan Road Sold | $2,355,000 | 0 | 0 | 4,830 | $488 | 0.4 mi |
C 1925 Gates Active | $2,600,000 List Price | 0 | 0 | 5,032 | $517 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1968 but features recent cosmetic updates (<5 years) in three of the four units, including new stainless steel appliances, hardwood flooring, and fresh paint. While the structure is older and some elements like cabinetry appear to be original but painted, the property is well-maintained, functional, and move-in ready.
With three units delivered vacant and recently updated, investors can immediately secure market-rate tenants or owner-occupy without the need for costly initial renovations.
Located on a ridge in sought-after North Redondo Beach, the property offers desirable city and mountain views and access to top-rated schools, ensuring long-term tenant demand.
The availability of the adjacent sister property presents a rare opportunity for assembly and future high-density development in a prime coastal market.
Originally built in 1968, the property may require ongoing capital expenditures for aging systems such as plumbing or electrical that haven't been fully modernized.
The $2.499M list price represents a significant capital investment, which may result in tighter initial margins for investors focused solely on immediate cash-on-cash returns.
Rare opportunity to buy this extra-large 4-UNIT PROPERTY WITH THREE VACANT UPDATED UNITS high on a ridge in 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 plus parking space 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.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,032 | 2,939 | 89% |
| Lot Size | 7,494 | 7,498 | 42% |
| Price | $2.50M | $1.75M | 95% |
| Price per sq ft | $497 | $510 | 37% |
| Built year | 1968 | 1958 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 143 | 5% |
May 20, 2026
$2,499,000
Initial Listing