Redondo Beach Four-Unit Income
For Sale
$2,350,000
2220 Huntington Lane 4, Redondo Beach, CA 90278
Four-unit income property in a prime Redondo Beach location.
Property Size4,917 SF
Price / SF$477.93
Days on Market257
Property Features for 2220 Huntington Lane 4
General Information
Standard status
Active
Size
4,917 SF
Property subtype
Quadruplex
Building Details
Building Size
4,917 SF
Year Built
1973
Listing Agency:
Beach City Brokers
Listed By:
Holly Kauffman · License #01948745
(310) 345-0165
Source:
Velocityrealtysd
Added: Feb 17
Changed: Oct 31
Last Checked: Oct 30 at 10:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beach City Brokers
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Investment Insights
Based on property information with market context.
Located in Redondo Beach, CA, the property at 2220 Huntington Avenue is a four-unit income property. The building encompasses approximately 4,917 square feet of living space. The property features one three-bedroom, two-bathroom unit, and three two-bedroom, two-bathroom units. The units offer comfortable layouts with ample living space. The property benefits from a coastal setting with convenient access to beaches, parks, schools, shopping, dining, and major commuter routes. The location drives rental demand, making the property an attractive investment.
Key Highlights
- Prime Redondo Beach location with convenient access to beaches, parks, schools, shopping, dining, and major commuter routes.
- Four‑unit income property with a desirable unit mix: one 3‑bedroom/2‑bathroom unit and three 2‑bedroom/2‑bathroom units.
- Approximately 4,917 square feet of living space, offering generously sized units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,869
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,717,380
$1.7M
Cap Rate 7%
$1,226,700
$1.2M
Cap Rate 9%
$954,100
$954.1K
Market Conditions
NOI Build-Up for 4,917 SF
Gross rent
$132.8K $27.00/SF
− Vacancy
−$10.1K −$2.05/SF
EGI
$122.7K $24.95/SF
− OpEx
−$36.8K −$7.48/SF
NOI
$85.9K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,717,380
Cap Rate 7%
$1,226,700
Cap Rate 9%
$954,100
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.07M – $1.43M
NOI $85,869 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$1.13M
$989.0K – $1.32M
NOI $79,118 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,278 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,454
Businesses Nearby
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Business Placement
Demographics for 90278, CA
42,188
Population
16,628
Households
2.5
Avg Household Size
39
Median Age
62%
College-Educated
96%
High-School Grad
3.7 sq mi
ZIP Area
11,402
Density / Sq Mi
$148,581
Median Household Income
$86,999
Median Earnings
$2,417
Median Rent
$1,195,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit income property in a prime Redondo Beach location.
Where is this quadplex located?
The property is located at 2220 Huntington Lane 4 Redondo Beach, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Prime Redondo Beach location with convenient access to beaches, parks, schools, shopping, dining, and major commuter routes.; Four‑unit income property with a desirable unit mix: one **3‑bedroom/2‑bathroom unit and three 2‑bedroom/2‑bathroom units.**; Approximately 4,917 square feet of living space, offering generously sized units.
