Under Contract

1923 Gates

Redondo Beach, CA 90278

$2,499,000 $10,535/Mo

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Overview

Bed

Bath

5,032

Sqft

7,494

Sqft(Lot)

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 fre sh 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.

Property Details

Property Type : Residential Income

Price : $2,499,000

AD Id : 78975248

MLS Id : SB26109405

Beds : 10

Lot Size : 7,494 Sqft

Living Area Size : 5,032

Year Built : 1968

Garage : 6

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Heating Source

Radiant Has Heating

Building Information

Year Built: 1968 Building Area Total: 5,032
Pool Features

None

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.172
Lot Size Source: Assessor Lot Size Square Feet: 7494

Listing Price Information

Original List Price: 2,499,000 Listing Contract Date: 2026-05-20
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 4155005028

Garage and Parking

Garage Description: Garage,On Site

Homeowners Association

Other Property Info

Source Listing Status: Active Under Contract Source Neighborhood: 151 - N Redondo Bch/Villas North Directions: East on Gates from Aviation Source Property Type: Residential Income Area: 151 - N Redondo Bch/Villas North Property SubType: Quadruplex
Building and Construction

Property Age: 58 Common Walls: 1 Common Wall Structure Type: Quadruplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
18527 Grevillea #2, Redondo Beach, CA, 90278	$1,450,000	7	4	2,697	2,697 SqFt
2217 Voorhees Avenue, Redondo Beach, CA, 90278	$2,499,000	9	6.5	4,645	4,645 SqFt
2220 Huntington Lane #4, Redondo Beach, CA, 90278	$2,350,000	5	4	4,917	4,917 SqFt
2021 Curtis, Redondo Beach, CA, 90278	$2,299,000	9	6	5,186	5,186 SqFt
1925 Gates Avenue, Redondo Beach, CA, 90278	$2,600,000	10	8	5,032	5,032 SqFt
1919 Havemeyer Lane, Redondo Beach, CA, 90278	$1,849,000	6	4	2,914	2,914 SqFt

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ByOwner last updated this listing 06/08/2026 @ 22:33

MLS: SB26109405 LISTED BY: Tony Puma, eXp Realty of California Inc 888-584-9427 SOURCE: CRMLS