Four-Unit
For Sale
$2,100,000
2409 Inglewood Ave., Redondo Beach, CA 90278
Income property in North Redondo Beach with access to coastal destinations, retail, dining, parks, and major employment centers.
Property Size4,512 SF
Days on Market75
Property Features for 2409 Inglewood Ave.
General Information
Standard status
Active
Size
4,512 SF
Property subtype
Quadruplex
Additional Details
Highway Access
Yes
Multifamily Units
4
Building Details
Building Size
4,512 SF
Year Built
1984
Listing Agency:
Smallwood Real Estate & Investments
Listed By:
Gary Smallwood · License #00776733
Source:
Truthrealty
Added: Aug 3
Changed: Oct 12
Last Checked: Oct 15 at 8:35AM
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 Smallwood Real Estate & Investments
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Investment Insights
Based on property information with market context.
This four-unit multifamily property was built in 1984 and is located at 2409 Inglewood Ave. in Redondo Beach. The asset is positioned within North Redondo Beach and offers a residential income configuration suited to multifamily ownership.
The property provides access to South Bay destinations including Redondo Beach Pier, The Strand, Hermosa Beach, and Manhattan Beach. Nearby conveniences include shopping, restaurants, coffee shops, parks, and everyday services. Major freeways are readily accessible, with LAX and regional employment centers within a short drive. The property is also located within the Redondo Beach Unified School District.
The property provides access to South Bay destinations including Redondo Beach Pier, The Strand, Hermosa Beach, and Manhattan Beach. Nearby conveniences include shopping, restaurants, coffee shops, parks, and everyday services. Major freeways are readily accessible, with LAX and regional employment centers within a short drive. The property is also located within the Redondo Beach Unified School District.
Key Highlights
- Four‑unit multifamily property built in 1984
- Located at 2409 Inglewood Ave., Redondo Beach, CA 90278
- Access to Redondo Beach Pier, The Strand, Hermosa Beach, and Manhattan Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,796
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,575,920
$1.6M
Cap Rate 7%
$1,125,657
$1.1M
Cap Rate 9%
$875,511
$875.5K
Market Conditions
NOI Build-Up for 4,512 SF
Gross rent
$121.8K $27.00/SF
− Vacancy
−$9.3K −$2.05/SF
EGI
$112.6K $24.95/SF
− OpEx
−$33.8K −$7.48/SF
NOI
$78.8K $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%
$1,575,920
Cap Rate 7%
$1,125,657
Cap Rate 9%
$875,511
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$985.0K – $1.31M
NOI $78,796 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$1.04M
$907.5K – $1.21M
NOI $72,602 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,100 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,689
Businesses Nearby
Explore this area
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 - Income property in North Redondo Beach with access to coastal destinations, retail, dining, parks, and major employment centers.
Where is this quadplex located?
The property is located at 2409 Inglewood Ave. Redondo Beach, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1984; Located at 2409 Inglewood Ave., Redondo Beach, CA 90278; Access to Redondo Beach Pier, The Strand, Hermosa Beach, and Manhattan Beach
