2118 Carnegie, Redondo Beach, California 90278, Redondo Beach, 90278 - 0 bed, 0 bath
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2118 Carnegie
Redondo Beach, California 90278
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
5,302Sq Ft
7,493Lot Size
Property Price
LIST PRICE$3,045,000
EST. MARKET VALUE
$2,846,108
6% AboveMARKET VALUE
SUMMARY
This turnkey fourplex represents a Strong Value Opportunity, listed at a List Price of $3,045,000. While currently priced above the $2,846,108 Fair Market Value, the asset offers significant long-term stability in a high-demand coastal market. Featuring a Mint Condition Rating and modern upgrades like EV charging and rooftop decks, this property minimizes capital expenditure. With a strong unit mix and a 9% rental upside, it is a prime Buy-and-Hold Investor asset, perfectly suited for 1031 Exchange buyers seeking a high-quality, income-generating coastal property.
Estimated Market Value
$2,846,108
Based on Realkey algorithm analyzing recent comparable sales in Redondo Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2118 Carnegie Subject | $3,045,000* List Price | 0 | 0 | 5,302 | $537 | - |
A 2217 Voorhees Avenue Sold | $2,360,000 | 0 | 0 | 4,645 | $508 | 0.4 mi |
B 1925 Gates Sold | $2,400,000 | 0 | 0 | 5,032 | $477 | 0.6 mi |
C 1923 Gates Sold | $2,450,000 | 0 | 0 | 5,032 | $487 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1972, the property has undergone an extensive recent remodel featuring modern kitchens with quartz countertops and stainless steel appliances, new vinyl plank flooring, a new roof, and updated systems including EV charging, qualifying it as a mint-condition turnkey asset.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Birney Elementary School (9/10).
- Turnkey Remodeled Condition
The property has been extensively updated with a new roof, repaved driveway, and modern interiors featuring quartz countertops and stainless steel appliances, minimizing immediate capital expenditure.
- Premium Tenant Amenities
Unique features such as private rooftop decks and garages with EV charging capabilities provide a competitive edge in the rental market and help attract high-quality tenants.
CONSRISKS & DEFICIENCIES
- High Acquisition Cost
At a list price of over $3 million, the high price per unit may result in a lower initial capitalization rate, requiring a substantial down payment for favorable financing.
- 1970s Era Infrastructure
Despite the extensive cosmetic and surface-level remodels, the 1972 construction may still harbor aging underlying systems typical of older coastal properties.
About 2118 Carnegie
Marcus & Millichap is pleased to present the opportunity to acquire a turnkey fourplex in Redondo Beach, a coastal South Bay submarket with consistent rental demand and convenient access to beaches, retail, dining, and major freeways. The property has been extensively remodeled and offers a strong unit mix consisting of one four-bedroom/three-bathroom unit, two two-bedroom/two-bathroom units, and one two-bedroom/one-bathroom unit. Current rents provide approximately nine percent rental upside, offering investors an opportunity to increase income through future lease turnover. 2118 Carnegie Lane features completely remodeled interiors with vinyl plank flooring, quartz countertops, stainless steel appliances, updated cabinetry, modern fixtures, and stacking laundry units. The property also boasts rooftop decks, garages with EV charging capability, storage, security features, a new roof, repaved driveway, and more. This offering presents an opportunity to acquire a pride-of-ownership asset in a highly desirable coastal rental market.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1972
- Lot Size
- 7,493 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redondo Beach Unified Schools
Birney Elementary School
Grades K-5 • 0.2 mi
9/10
Washington Elementary School
Grades K-5 • 0.6 mi
8/10
Jefferson Elementary School
Grades K-5 • 0.9 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.6 |
| Baths | 0.0 | 3.2 |
| Square foot | 5,302 | 2,849.583 |
| Lot Size | 7,493 | 6,872.833 |
| Price | $3.04M | $2.01M |
| Price per sq ft | $574 | $730 |
| Built year | 1972 | 1939 |
| HOA | $0 | $0 |
| Days on market | 28 | 73 |
Pricing History
Listed for Sale
Aug 12, 2026
$3,045,000
Initial Listing
Sold
Apr 8, 1999
$534,000
Public Record