2513 Carnegie Lane

Redondo Beach, CA 90278

$2,350,000
Price
9
Beds
6
Baths
4,342 Sq. Ft.
$541 / Sq. Ft.
4,342
Sq. Ft.
$541
per Sq. Ft.

Description

Pride of ownership triplex with oversized units in an excellent location of North Redondo Beach! Located only down the street from South Bay Galleria, this property is being offered with an 18% upside in rents to a market GRM of 15.92 and a market cap rate of 3.6%. The two garages provide ample parking or an ADU opportunity for a savvy investor. Additionally, the R-3 zoning provides the option for additional development opportunities. This low maintenance building was freshly painted this year, plus...Pride of ownership triplex with oversized units in an excellent location of North Redondo Beach! Located only down the street from South Bay Galleria, this property is being offered with an 18% upside in rents to a market GRM of 15.92 and a market cap rate of 3.6%. The two garages provide ample parking or an ADU opportunity for a savvy investor. Additionally, the R-3 zoning provides the option for additional development opportunities. This low maintenance building was freshly painted this year, plus had some plumbing upgrades and a new water heater installed. The central location combined with the potential upsides make this an exceptional generational asset!
  1. Listed by Malcolm Zeger • DRE #02013882 • Brokerage DRE #01914434 • Buckingham Investments, Inc • 626-483-7983

Property Details for 2513 Carnegie Lane

Parking Spaces Total
2
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4342
Assessor Parcel Number
4157-008-017
Property Attached YN
true
LISTING UPDATED: 11/04/2024 02:07 AM

Property Details for 2513 Carnegie Lane

StatusActive
MLS #SB24225852
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
CountyLos Angeles County

Building Information for 2513 Carnegie Lane

Building/Complex2513 Carnegie LnFloor-Stories2Residences-Pet Policy-Year Built1962Building Size-

Property Information for 2513 Carnegie Lane

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $121,800
  • Vacancy Allowance Rate: 5
  • Net Operating Income: $73,251
  • Gross Multiplier: 19.29
  • Cap Rate: 3.1
Expense Details
  • Operating Expense: $42,459
  • New Taxes Expense: $29,375
  • Fuel Expense: $540
  • Licenses Expense: $500
  • Electric Expense: $540
  • Insurance Expense: $2,181
  • Maintenance Expense: $1,300
  • Professional Management Expense: $6,943
  • Trash Expense: $540
  • Water Sewer Expense: $540
  • Total Expenses: $42,459
Tax / Assessment Info
  • Tax Block: 18
  • Tax Tract Number: 620...
  • Tax Census Tract: 6206.01
  • CFD/Mello-Roos Fee: $2,441
  • Tax Lot: 19
Community / Development
Community / Development
  • Community Features: Biking, Park, Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: First Level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,350
  • Unit Type Total Rent: $3,350
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,550
  • Unit Type Total Rent: $3,550
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,400
  • Unit Type Total Rent: $3,400
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 2513 Carnegie Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2513 Carnegie Lane

Taxable ValueLand$339,924Additions$298,329Total$638,253
Tax Record2024$9,458 ($788 / month)
Home Facts
Total Finished SqFt4,342 SqFtAbove Grade Finished SqFt4,342 SqFtLot Size7,502 SqFtStyleTriplexYear Built1962ZoningRBR-3CountyLOS ANGELESAPN4157-008-017

Schools near 2513 Carnegie Lane

This home is within Redondo Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Washington Elementary School
PublicK to 5

Adams Middle School
Public6 to 8

Redondo Union High School
Public9 to 12

Redondo Beach Virtual Learning
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2513 Carnegie Lane is a multi-family home for sale in Redondo Beach, CA 90278. This property was listed for sale on November 1, 2024 by Buckingham Investments, Inc, it's currently listed at $2,350,000. This listing's school district is Redondo Beach Unified School District. Nearby schools include Washington Elementary School, Adams Middle School and Redondo Union High School. 2513 Carnegie Lane is a 9-bed, 6-bath, 4,342 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Buckingham Investments, Inc, Malcolm Zeger, DRE #02013882

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.