
Redondo Beach, California 90278
This Turnkey Quadruplex Investment is listed at $2,600,000, offering a stable and well-maintained asset in a premier coastal submarket near a $2,437,576 Fair Market Value. Boasting a Condition Rating of 3, the property features updated kitchens with shaker cabinetry and stainless steel appliances, complemented by private garages and a private patio for each unit. Situated near Top-Rated Schools like Madison Elementary, the asset provides immediate flexibility with month-to-month leases and additional laundry income. This high-quality asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1925 Gates Subject | $2,600,000* List Price | 0 | 0 | 5,032 | $484 | - |
A 1912 Bataan Road Sold | $2,355,000 | 0 | 0 | 4,830 | $488 | 0.4 mi |
B 2217 Voorhees Avenue Active Under Contract | $2,599,000 List Price | 0 | 0 | 4,645 | $560 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1968, the property is move-in ready and has been well-maintained with significant updates. The kitchens feature modern white shaker-style cabinetry, stainless steel appliances, and updated dark wood-look flooring. While some elements like popcorn ceilings and older wall AC units remain, the overall condition of the units is turnkey with functional systems and contemporary finishes in key areas like the kitchens and bathrooms.
Situated in the highly desirable North Redondo Beach area, this property benefits from high rental demand, a coastal lifestyle, and proximity to top-rated schools with scores as high as 8/10.
The quadruplex is fully occupied with three units on month-to-month leases, offering an investor the immediate opportunity to align rents with current market rates and maximize cash flow.
Each unit features a private garage, and the building includes an income-producing shared laundry room, both of which are significant value-adds that improve tenant retention and overall ROI.
Built in 1968, the property may face long-term capital expenditure requirements for aging systems such as plumbing or electrical, despite being well-maintained.
As a turnkey and carefully updated investment, there is less opportunity for 'forced appreciation' through major renovations compared to distressed assets in the same submarket.
Exceptional investment opportunity in the highly desirable North Redondo Beach area. This well-established quadruplex was built in 1968 and has been carefully maintained and updated. It has a total of 10 beds, 8 baths This building provides strong income potential in one of the South Bay's most sought-after coastal communities. This turnkey investment opportunity gives you the option to focus on the profits. Each unit has a private garage. Whether you are a seasoned investor looking to expand your portfolio or discovering new ways to start creating long term wealth, this opportunity is ideal. Even the shared laundry room creates extra income . All units are currently occupied, with income producing potential, three of which are month to month rentals.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 0.6 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 | 7,496 | 7,496 | 50% |
| Price | $2.60M | $1.68M | 95% |
| Price per sq ft | $517 | $517 | 50% |
| Built year | 1968 | 1959 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 195 | 5% |
Mar 31, 2026
$2,600,000
Initial Listing