2518 Gates Ave, Unit A

Redondo Beach, CA 90278

$1,600,000
Last Sold Price
6
Beds
4
Baths
2,710 Sq. Ft.
$590 / Sq. Ft.
2,710
Sq. Ft.
$590
per Sq. Ft.
Closed 5/9/25
Closed 5/9/25

Description

This 3 unit property is on a full 50X150 lot(BTV) and in an area of North Redondo Beach. It offers a wonderfull investment opportunity with its desirable location and versatile layout. 3 separate units featuring a front house with 2 bedrooms and 1 bathroom, providing a single-family home feel with its own private driveway. The middle unit is 1 bedroom and 1 bathroom with its own private laundry and storage room. The back unit boasts 3 bedrooms and 2 bathrooms and features upgrades and a separate...This 3 unit property is on a full 50X150 lot(BTV) and in an area of North Redondo Beach. It offers a wonderfull investment opportunity with its desirable location and versatile layout. 3 separate units featuring a front house with 2 bedrooms and 1 bathroom, providing a single-family home feel with its own private driveway. The middle unit is 1 bedroom and 1 bathroom with its own private laundry and storage room. The back unit boasts 3 bedrooms and 2 bathrooms and features upgrades and a separate parking pad and garage, a patio and yard area. These two distinct driveways enhance privacy between units, making the front house feel like an independent home. Please note, the separate 1 bed 1 bath unit is totally separate and designated with the City of RB as a permitted addition to the 3 bedroom unit and the property is designated as a duplex with an R-3 zoning. The property's proximity to award-winning Redondo Beach schools, shopping centers (including the South Bay Galleria), grocery stores, dining options, freeways, parks (such as Perry Park), and recreational areas adds to its appeal. Whether you're looking for a stable rental income or long-term appreciation, the versatile layout and ideal location offer excellent potential for various rental strategies. With its prime location, this property is perfect for investors seeking both convenience and long-term growth in one of the most desirable beach cities. Don’t miss this opportunity to secure a piece of Redondo Beach real estate! Buyer and buyer's agent to verify all information.
  1. Listed by Gerard Bisignano • DRE #01116110 • Brokerage DRE #01922362 • Vista Sotheby’s International Realty • 310-990-4727
  2. Listed by Tiana Capper • DRE #01991771 • Brokerage DRE #01922362 • Vista Sotheby’s International Realty

Property Details for 2518 Gates Avenue, Unit A

Parking Spaces Total
2
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2710
Assessor Parcel Number
4153-015-002
Property Attached YN
true
LISTING UPDATED: 05/12/2025 12:35 AM

Property Details for 2518 Gates Avenue, Unit A

StatusClosed
MLS #SB24242537
Days on Market137
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.17 AC / 7,512 SF
CountyLos Angeles County

Location

Listing Courtesy of Vista Sotheby’s International Realty, Gerard Bisignano, DRE #01116110; Vista Sotheby’s International Realty, Tiana Capper, DRE #01991771

Sold By Vista Sotheby’s International Realty, Gerard Bisignano, DRE #01116110

Add your commute

Building Information for 2518 Gates Avenue, Unit A

Stories2Residences-Year Built1951Building Size-Lot Size0.17 AC / 7,512 SF

Payment Calculator

$10,073 per month

30 year fixed, 6.845% Interest

Principal and Interest

$8,383

Property Taxes

$1,690

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2518 Gates Avenue, Unit A

Income / Expense / Tax Details
Income Details
  • Gross Income: $99,132
  • Gross Scheduled Income: $99,132
  • Net Operating Income: $92,632
  • Financing: Cash
Expense Details
  • Operating Expense: $6,500
  • Insurance Expense: $3,200
  • Trash Expense: $900
  • Water Sewer Expense: $2,400
  • Total Expenses: $6,500
Tax / Assessment Info
  • Tax Block: 6
  • Tax Tract Number: 2
  • Tax Census Tract: 6205.21
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Washer Hookup
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/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: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,650
  • Unit Type Total Rent: $1,650
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 3000
  • 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: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,911
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 2518 Gates Avenue, Unit A

DateEvent & SourcePriceAppreciation
May 9, 2025

Sold

CLAW #SB24242537MR

$1,600,000—
May 9, 2025

Sold

CRMLS #SB24242537

$1,600,000—
Apr 30, 2025

Sold (Public Record)

Public Record #1557116210

$1,600,000

+0.5% / yr

Apr 28, 2025

Pending

CRMLS #SB24242537

—
Apr 21, 2025

Price Change

CLAW #SB24242537MR

$1,699,000—
Apr 18, 2025

Accepting Backup Offers

CRMLS #SB24242537

—
Apr 18, 2025

Pending

CLAW #SB24242537MR

—
Apr 11, 2025

Price Change

CRMLS #SB24242537

$1,699,000—
Feb 13, 2025

Accepting Backup Offers

CLAW #SB24242537MR

—
Dec 2, 2024

Listed (Active)

CLAW #SB24242537MR

$1,795,000—
Dec 2, 2024

Listed (Active)

CRMLS #SB24242537

$1,795,000—
Dec 6, 2018

Sold (Public Record)

Public Record #637034270

$1,550,000—
DateEvent & SourcePrice
05/09/2025

Sold

CLAW #SB24242537MR

$1,600,000
05/09/2025

Sold

CRMLS #SB24242537

$1,600,000
04/30/2025

Sold (Public Record)

Public Record #1557116210

$1,600,000

+0.5% / yr

04/28/2025

Pending

CRMLS #SB24242537

—
04/21/2025

Price Change

CLAW #SB24242537MR

$1,699,000
04/18/2025

Accepting Backup Offers

CRMLS #SB24242537

—
04/18/2025

Pending

CLAW #SB24242537MR

—
04/11/2025

Price Change

CRMLS #SB24242537

$1,699,000
02/13/2025

Accepting Backup Offers

CLAW #SB24242537MR

—
12/02/2024

Listed (Active)

CLAW #SB24242537MR

$1,795,000
12/02/2024

Listed (Active)

CRMLS #SB24242537

$1,795,000
12/06/2018

Sold (Public Record)

Public Record #637034270

$1,550,000

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

Public Records for 2518 Gates Avenue, Unit A

Taxable ValueLand$1,640,468Additions$54,681Total$1,695,149
Tax Record2024$20,276 ($1,690 / month)
Home Facts
Total Finished SqFt2,650 SqFtAbove Grade Finished SqFt2,650 SqFtLot Size7,510 SqFtStyleDuplexYear Built1951ZoningRBR-3CountyLOS ANGELESAPN4153-015-002

Schools near 2518 Gates Avenue, Unit A

This home is within Redondo Beach Unified School District.
Rating
School
Type
Grades
Distance
Madison Elementary School
Public - K to 5
Adams Middle School
Public - 6 to 8
Redondo Union High School
Public - 9 to 12
Redondo Beach Virtual Learning
Public - K to 12
Rating
School
Distance
Madison 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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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 Vista Sotheby’s International Realty, Gerard Bisignano, DRE #01116110; Vista Sotheby’s International Realty, Tiana Capper, DRE #01991771

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.