2420 Grant Avenue, Redondo Beach, California 90278, Redondo Beach, 90278 - bed, bath

2420 Grant Avenue, Redondo Beach, California 90278 home-pic-0
ACTIVE$3,675,000
2420 Grant Avenue, Redondo Beach, California 90278
0Bed
0Bath
4,250Sqft
7,509Lot
Year Built
1952
Close
-
List price
$3.67M
Original List price
$3.77M
Price/Sqft
$865
HOA
-
Days on market
-
Sold On
-
MLS number
SB25130477
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $3.67M(50th), sqft - 4250(50th), beds - undefined(50th), baths - undefined(50th).

Welcome to 2420 Grant Avenue, a beautifully remodeled 5-unit multi-family property in the heart of Redondo Beach, offering a perfect blend of modern luxury and coastal charm. This exceptional investment opportunity features two 3-bedroom, 2-bath units, two 2-bedroom, 1-bath units, and one 1-bedroom, 1-bath unit, all designed for maximum comfort and rental appeal. With a gross operating income of $231,108, this property presents a strong return in a thriving rental market. Each unit has been thoughtfully upgraded with individually controlled air conditioning, in-unit washer and dryer, and modern dishwashers, ensuring a seamless living experience for tenants. The open floorplans create a bright and airy ambiance, maximizing both space and natural light. Outdoor areas are designed for privacy and enjoyment, with a private front yard for the 2-bedroom unit, private backyards for the 3-bedroom units, and a shared courtyard for the upstairs units, providing inviting spaces for relaxation and entertaining. Located in a highly desirable coastal community, this property is just moments from stunning beaches, top-rated schools, and a vibrant local scene, making it a prime choice for renters seeking the best of Southern California living. With its beach-inspired exterior, high-end finishes, and ideal location, 2420 Grant Avenue stands out as an exceptional turnkey investment opportunity in one of Los Angeles County’s most sought-after markets.

Nearby schools

8/10
Washington Elementary School
Public,K-50.3mi
9/10
Birney Elementary School
Public,K-50.6mi
8/10
Jefferson Elementary School
Public,K-51.0mi
8/10
Adams Middle School
Public,6-80.2mi
8/10
Parras (Nick G.) Middle School
Public,6-81.8mi
8/10
Redondo Union High School
Public,9-122.0mi

Price History

Date
Event
Price
09/10/25
Price Change
$3,675,000
06/11/25
Listing
$3,775,000
01/29/21
Sold
$1,646,000
Condition Rating
Excellent

Despite being built in 1952, the property has undergone a beautiful and extensive remodel, as stated in the description and clearly evidenced by the images. All units feature modern, high-end finishes including two-tone cabinetry, quartz countertops, stainless steel appliances (including modern dishwashers and in-unit washer/dryers), recessed lighting, and contemporary light wood-look flooring. Bathrooms are fully updated with new vanities, modern fixtures (both black and gold accents), and stylish tiling. The property boasts individually controlled air conditioning, indicating updated systems. The overall appearance is virtually new, meeting current quality standards with no visible deferred maintenance.
Pros & Cons

Pros

Exceptional Investment Opportunity: This 5-unit multi-family property is highlighted as an 'exceptional investment opportunity' with a 'strong return in a thriving rental market' and is described as 'turnkey', appealing directly to investors.
Strong Gross Operating Income: The property boasts a significant gross operating income of $231,108, indicating a robust financial performance and attractive cash flow potential.
Extensively Remodeled Units: All units are beautifully remodeled and thoughtfully upgraded with modern amenities including individually controlled air conditioning, in-unit washer and dryer, and modern dishwashers, enhancing tenant appeal and retention.
Prime Coastal Location: Located in a highly desirable Redondo Beach coastal community, moments from stunning beaches, top-rated schools, and a vibrant local scene, making it a prime choice for renters and supporting long-term value.
Diverse Unit Mix & Private Outdoor Spaces: The property offers a desirable mix of unit sizes (two 3B/2B, two 2B/1B, one 1B/1B) and includes private outdoor areas for several units, along with a shared courtyard, adding significant tenant value and flexibility.

Cons

Age of Property: Built in 1952, the property's underlying structure is over 70 years old. While remodeled, potential buyers may consider the age for long-term maintenance and infrastructure concerns not explicitly covered by the upgrades.
Recent Price Reduction: The property has undergone a price reduction from its original list price of $3.775M to $3.675M, which could suggest initial overpricing or slower market absorption than anticipated.
Unspecified Parking Availability: The description does not detail parking arrangements for the five units, which can be a significant concern for multi-family properties in desirable coastal areas, potentially impacting tenant convenience and desirability.

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