2615 Rockefeller, Redondo Beach, California 90278, Redondo Beach, 90278 - 9 bed, 4 bath

2615 Rockefeller, Redondo Beach, California 90278 home-pic-0
ACTIVE$1,985,000
2615 Rockefeller, Redondo Beach, California 90278
9Beds
4Baths
3,507Sqft
7,809Lot
Year Built
1954
Close
-
List price
$1.99M
Original List price
$2.15M
Price/Sqft
$566
HOA
-
Days on market
-
Sold On
-
MLS number
SB25231888
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.99M(86th), sqft - 3507(79th), beds - 9(93th), baths - 4(93th).

Rare North Redondo Beach Multifamily Investment Opportunity An exceptional four-unit multifamily asset has just become available in one of Redondo Beach’s most sought-after neighborhoods a property that hasn’t been on the market in decades. Unit Mix: • One freestanding 3-bedroom, 1-bath home with private yard, washer/dryer hookups in unit, engineered hardwood floors and so much more. • Three 2-bedroom, 1-bath units, each featuring engineered hardwood floors, washer/dryer hookups in units (lower unit has a private yard). Highlights: • All units are well-maintained, thoughtfully upgraded and have great rentability. • Strong tenant appeal with in-unit laundry, outdoor spaces, garages, and engineered hardwood flooring. • Ample street and nearby parking. Unit C will be delivered Vacant and will be vacated by 10/31/2025. • Long-term ownership with pride of care. Market Drivers: • Located in North Redondo Beach, one of the most desirable rental submarkets in the South Bay. • Historically low vacancy rates, ensuring consistent rental demand. • A short drive to beaches, restaurants, freeways, tech corridors, and major employment hubs. • Rare combination of stable cash flow and long-term appreciation potential. With decades since its last sale, this is a once-in-a-generation opportunity to secure a cornerstone multifamily asset in one of Southern California’s strongest rental markets.

Nearby schools

8/10
Washington Elementary School
Public,K-50.5mi
9/10
Birney Elementary School
Public,K-50.8mi
8/10
Jefferson Elementary School
Public,K-51.3mi
8/10
Adams Middle School
Public,6-80.2mi
8/10
Parras (Nick G.) Middle School
Public,6-82.0mi
8/10
Redondo Union High School
Public,9-122.2mi

Price History

Date
Event
Price
10/29/25
Price Change
$1,985,000-7.7%
10/03/25
Listing
$2,150,000
Condition Rating
Fair

Built in 1954, this property shows signs of regular maintenance and some thoughtful upgrades, such as engineered hardwood flooring in living areas and bedrooms. However, the condition is inconsistent across units. While some kitchens feature newer white shaker cabinets, granite-like countertops, and black appliances, others retain older, dated oak cabinets and basic fixtures. Similarly, some bathrooms have been updated with modern vanities and subway-style tiling, while others present older white tile and basic fixtures. Popcorn ceilings are visible throughout, and light fixtures are generally basic flush mounts. The property is functional and rentable but would benefit from further cosmetic updates to achieve a cohesive, modern aesthetic across all units, aligning with the 'Fair' category's description of an aged but maintained home with functional but outdated major components.
Pros & Cons

Pros

Exceptional Location & Market: Situated in highly desirable North Redondo Beach, a submarket known for historically low vacancy rates, strong rental demand, and proximity to key amenities, beaches, and employment centers.
Strong Unit Mix & Tenant Amenities: Offers a versatile unit mix (one 3BD/1BA, three 2BD/1BA) with highly attractive tenant features including in-unit washer/dryer hookups, engineered hardwood floors, and private outdoor spaces for some units.
Well-Maintained & Upgraded: Units are described as well-maintained and thoughtfully upgraded, reflecting pride of long-term ownership and potentially minimizing immediate renovation needs for a new investor.
Significant Appreciation Potential: Located in a robust Southern California market, this property presents a rare opportunity for substantial long-term capital appreciation in addition to stable cash flow.
Established Investment Asset: A four-unit multifamily property that has been held by long-term ownership, indicating a proven track record as a stable income-generating asset.

Cons

Delayed Vacancy for Unit C: The primary value-add opportunity from Unit C's vacancy is deferred until October 31, 2025, limiting immediate rent optimization or renovation potential for the buyer.
Property Age (1954): As a 1954 build, the property's age suggests potential for aging infrastructure (e.g., plumbing, electrical, roof) that could necessitate future capital expenditures, despite current maintenance.
Parking Specifics: While 'ample street and nearby parking' is mentioned, the lack of explicit dedicated parking for all units could be a minor inconvenience or perceived drawback for some tenants.

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