2114 Clark Lane, Redondo Beach, CA 90278
Local realty services provided by:ERA Excel Realty
2114 Clark Lane,Redondo Beach, CA 90278
$2,270,000
- 9 Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: gianluca jacoli
Office: shield cre, inc.310-593-9869
MLS#:26657255
Source:CRMLS
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Price summary
- Price:$2,270,000
About this home
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....
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Home facts
- Year built:1956
- Listing ID #:26657255
- Added:112 day(s) ago
- Updated:June 19, 2026 at 06:31 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:6
Structure and exterior
- Year built:1956
- Levels:1 Story
Finances and disclosures
- Price:$2,270,000
Features and amenities
- Appliances:Washer
- Laundry features:Washer
Parking
- Total parking spaces:5
- Parking description:Assigned
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