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1902 Flagler, Redondo Beach, CA 90278
Priced at Only: $2,289,000
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Address: 1902 Flagler, Redondo Beach, CA 90278
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  • MLS#: SB26007519 ( Quadruplex )
  • Street Address: 1902 Flagler
  • Viewed: 2
  • Price: $2,289,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1958
  • Bldg sqft: 0
  • Days On Market: 56
  • Additional Information
  • County: LOS ANGELES
  • City: Redondo Beach
  • Zipcode: 90278
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Cameron Cameron
  • California Regional MLS IDX
  • DMCA Notice
  • 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 unitsoften 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 Bays most supply constrained submarkets, 1902 Flagler Ln is a true blank canvas
Features
Building Area Total
  1. 4724.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 49
Electric Expense
  1. 3200.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 4.00
Insurance Expense
  1. 4724.00
Laundry Features
  1. Common Area
  2. Community
Levels
  1. Two
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 156917.00
Parcel Number
  1. 4156003008
Parking Features
  1. Garage - Single Door
  2. Tandem Uncovered
Pool Features
  1. None
Property Type
  1. Quadruplex
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 454501085:CRM
Totalexpenses
  1. 35083.00
Trash Expense
  1. 0.00
Uncovered Spaces
  1. 5.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1958
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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