1923 Gates, Redondo Beach, CA 90278
- $2,450,000
- Sold Price
- $2,450,000
- List Price
- $2,499,000
- Closing Date
- Jul 17, 2026
- Status
- CLOSED
- MLS#
- SB26109405
- Year Built
- 1968
- Lot Size
- 7,494
- Acres
- 0.17
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 11
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
Property Description
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.
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Additional Information
- Pool Description
- None
- Heat
- Radiant
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $176,124
- Operating Expense
- 43690
Listing courtesy of Listing Agent: Tony Puma (Tony@TonyPuma.com) from Listing Office: eXp Realty of California Inc.
Listing sold by Masumi Patel from Masumi Patel
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.