2114 Clark Ln, Redondo Beach, CA 90278
2114 Clark Ln, Redondo Beach, CA 90278
2114 Clark Ln, Redondo Beach, CA 90278
23
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$2,345,000
Est. payment /mo
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9 Beds
6 Baths
3,650 SqFt
Price Dropped by $130K

2114 Clark Ln Redondo Beach, CA 90278

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,650 sqft

Price per Sqft $642

MLS Listing ID 26657255

Bedrooms 9

Year Built 1956

Annual Tax Amount $30,937

Lot Size 7,500 Sqft

Acres 0.1722

Property Sub-Type Multi-Family

Property Description

Price reduced by $130,000! This prime investment opportunity contains a 5.59% Cap Rate and 13.08 GRM. The property is a beautifully renovated 4-unit residential asset in the highly desirable North Redondo Beach location. The asset consists of a triplex plus a newly constructed detached 3-bedroom/2-bath ADU. The asset contains an outstanding unit mix of a 3-bedroom/2-bath house with private yard, a 3-bedroom/2-bath ADU, a 2-bedroom/1-bath unit, and a 1-bedroom/1-bath unit. All units have been thoughtfully upgraded with modern kitchens and bathrooms, and each unit contains new Whirlpool washers and dryers. The property has undergone capital improvements including new roofs, new windows and copper plumbing upgrades. Situated on a large 7,500-SF lot with 5 parking spaces, the property also boasts excellent curb appeal with fresh exterior paint, stucco repairs, and new lighting completed in 2024. Ideally located near Hermosa Beach Pier, Pier Avenue, King Harbor, and the Redondo Beach Pier, the asset offers tenants convenient access to premier coastal dining, shopping, and recreation. This residential property presents a compelling owner-user opportunity while also delivering strong in-place financials. Additionally, the property is not subject to Los Angeles rent control and instead falls under AB 1482. With eligibility for attractive 1-4 unit residential financing, this turnkey asset represents a rare opportunity to acquire a stabilized asset in a highly sought-after location.

Location

State CA

County Los Angeles

Area N. Redondo Beach/Villas South

Zoning RBR-2

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Washer, Gas Dryer Hookup

Laundry In Unit

Exterior

Parking Features Assigned

Garage Spaces 5.0

Building

Story 2

Level or Stories One, Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Shield CRE, Inc.

NEARBY SCHOOL & BUSINESS

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Roddy de la Garza

Roddy de la Garza

Broker Associate / Area Leader | License ID: CA 01995374 / TX 431113

+1(323) 696-5375

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2114 Clark Ln