Redondo Beach, CA 90278 2616 Gates Avenue
$4,350,000
7 more
Presented By: CRAIG CHEN with HOME TEAM REALTY; 310-953-7114
Beds • 16
Baths • 1
SQFT • 8,024
Garage • 10
Year Built • 1963
Home Details
Prime North Redondo Beach apartment, Well maintained. 30% upside potential. Eight 2 bedroom and two 3 bedroom units. Ten single car garages.
New roof, new gutters, updated electrical panels. Close to freeways, shopping malls, stores and beach. .
Presented By: CRAIG CHEN with HOME TEAM REALTY; 310-953-7114
Interior Features for 2616 Gates Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 2616 Gates Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityRedondo Beach
Community FeaturesCurbs
CountyLos Angeles
DirectionsGates/Perkins
Electric Expense410.0
Electric On Property Y/NNo
Entry Locationstreet
Expected Active Date 2025-05-14
Fuel Expense3251.0
Garage Spaces10.0
Garage Y/NYes
Gross Income263280.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense2533.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, CashToNewLoan
Lot Size Square Feet9001.0
Lot Size UnitsSquareFeet
MLS Area151 - N Redondo Bch/Villas North
MobileHomeRemainsYNNo
Net Operating Income175100.0
New ConstructionNo
Number Of Units Total10
Operating Expense80000.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot5
Tenant PaysElectricity, Gas
Trash Expense4618.0
Water Sewer Expense6662.0
Year Built1963
Year Built SourcePublicRecords
ZoningRBR-3
Exterior for 2616 Gates Avenue
Building Area Total8024.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.2066
Lot Size Area9001.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters11
Number of Separate Gas Meters11
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking10.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Keegan Cin
Team Lead
Price
$4,350,000
MLS#IN25105729
List Date
05/13/2025
Property Type
Multi-Family
Phone
(310) 963-5595
