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Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.
$ 2,289,000
Est. payment /mo
New
1902 Flagler Redondo Beach, CA 90278
10 Beds
8 Baths
4,724 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,724 sqft
Price per Sqft $484
MLS Listing ID CRSB26007545
Bedrooms 10
Full Baths 8
Year Built 1958
Lot Size 7,504 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Rare Find! DELIVERED FULLY VACANT 4 Plex ready to be remodeled to your liking with your own tenants. 1902 Flagler Ln, located in a highly desirable pocket of Redondo Beach, is a massive 4,724 SF. This oversized 4 plex also sits on a 7,500 SF Lot, perfect for adding ADUs while still maintaining parking. The asset comes complete with 4 Garages and 5 additional parking tandem to the garages. RBR-3 lot, the property offers two spacious 3-bed/2-bath units and two 2-bed/2-bath, with classic mid-century curb appeal in a quiet neighborhood. At stabilization, before ADU, the asset targets a 6.86% CAP / 11.92 GRM, with flexibility to reposition as luxury apartments, long-term rentals, or a mix of mid-term stays. Two detached garages at the rear can be converted into two extra 2+2 ADUs, leveraging new California ADU Ordinances like Senate Bill 1211 & SB 79 that allow multifamily owners to add or convert units-often without replacing onsite parking, subject to streamlined, ministerial approvals. Zoning supports this infill strategy, including potential density bonuses and relaxed standards when aligned with affordable or workforce housing goals. Just minutes from the beach, major employment hubs, and top tourist attractions. For investors seeking scale in one of the South Bay's most
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Cooling None
Fireplaces Type None
Laundry Laundry Area, Community Facility
Exterior
Parking Features Garage
Garage Spaces 4.0
Pool None
View Other
Building
Water District - Public
Others
Tax ID 4156003008
Special Listing Condition Not Applicable
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