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$2,150,000
Est. payment /mo
8 Beds
8 Baths
4,170 SqFt
UPDATED:
02/12/2025 08:57 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,170 sqft
Price per Sqft $515
MLS Listing ID 25497359
Bedrooms 8
HOA Y/N No
Year Built 1963
Lot Size 5,593 Sqft
Property Description
Maximize Your Passive Income with This Prime south Redondo 4-Unit Investment Opportunity!1214 Agate Street is a well maintained 4-unit property in the highly desirable North Redondo neighborhood, less than a mile from the beach and King Harbor. This is the ideal investment for the discerning passive income seeker. The property boasts an excellent unit mix: one spacious 3-bedroom/2.5-bathroom unit, two 2-bedroom/2-bathroom units, and a 1-bedroom/1-bathroom unit, ensuring diverse tenant appeal and consistent rental income. Crucially, this property is not subject to LA City Rent Control, offering significant upside potential under AB-1482 and allowing you to maximize your returns. The 4,170 square feet of living space and five garage spaces provide ample room and convenience, attracting quality tenants. Beyond the property's impressive features, its location is an A+ Beach City location. Residents enjoy easy access to the Redondo Beach Pier, The Strand, Hermosa Beach Pier, and the area's robust job market, anchored by prominent employers like Northrup Grumman, Mattel, and numerous aerospace defense companies. This translates to high tenant demand and minimal vacancy. 1214 Agate Street is more than just a property; it's a strategic investment in a thriving coastal community exempt from LA City Rent Control, designed to generate reliable passive income for years to come.
Location
State CA
County Los Angeles
Area 155 - S Redondo Bch N Of Torrance Bl
Zoning RBRMD
Interior
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 5.0
Garage Description 5.0
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7502011049
Special Listing Condition Standard
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Listed by Gianluca Jacoli • Shield CRE, Inc.