2720 Carnegie Lane, Redondo Beach, California 90278, Redondo Beach, 90278 - 3 bed, 2 bath

2720 Carnegie Lane, Redondo Beach, California 90278 home-pic-0
ACTIVE$1,850,000
2720 Carnegie Lane, Redondo Beach, California 90278
3Beds
2Baths
1,500Sqft
7,500Lot
Year Built
1964
Close
-
List price
$1.85M
Original List price
$1.75M
Price/Sqft
$1,233
HOA
-
Days on market
-
Sold On
-
MLS number
SB25049063
Home ConditionGood
Features
Patio
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.85M(71th), sqft - 1500(7th), beds - 3(79th), baths - 2(79th).

Don't miss out on this Amazing Opportunity to own a Remodeled Turn Key Duplex in the South Bay! Remodeled down to the studs, and tastefully completed, these units are situated on an R-3 Lot; live in one rent out the other, build three units, Add an ADU or Two!, or keep these bread and butter units with higher pro forma rents for the future. Both units come with newer appliances, copper plumbing, tankless water heater (front unit), New water heater (back unit), water softener for both units, and so much more! Below the front unit there is an oversized 4 car garage (2 spaces for front unit and 2 for back)+4 car pads in front, tons of Storage, wash basin and newer (super quiet) garage openers and doors! Along with the mature and lush landscaping there are automatic sprinklers, cafe lights and 2nd unit (house) is gated for a small pet and/or more privacy. There are two yards, located in a great pocket neighborhood! They're not making anymore R-3 lots!!

Nearby schools

8/10
Washington Elementary School
Public,K-50.6mi
9/10
Birney Elementary School
Public,K-50.9mi
8/10
Jefferson Elementary School
Public,K-51.4mi
8/10
Adams Middle School
Public,6-80.3mi
8/10
Parras (Nick G.) Middle School
Public,6-82.1mi
8/10
Redondo Union High School
Public,9-122.3mi

Price History

Date
Event
Price
05/06/11
Sold
$525,000
Condition Rating
Good

The property, built in 1964, has been remodeled 'down to the studs,' suggesting a significant renovation. The listing mentions newer appliances, copper plumbing, tankless water heaters, and a water softener. The images show updated kitchens and bathrooms with modern fixtures and finishes. While the property isn't newly built, the extensive remodeling justifies a 'good' condition score, indicating it's move-in ready with no immediate major renovations required.
Pros & Cons

Pros

Income Potential: Turn-key duplex with potential for high pro forma rents, offering immediate income generation.
Development Opportunity: Located on an R-3 lot, allowing for potential development of additional units or ADUs.
Remodeled Units: Both units have been remodeled down to the studs with newer appliances, copper plumbing, and updated water heaters.

Cons

Year Built: Built in 1964, the property may require ongoing maintenance and potential upgrades associated with an older building.
Price Point: The list price of $1,850,000 may be a barrier to entry for some investors, requiring significant capital.

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