Redondo Beach, CA 90277,1214 Agate ST
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Redondo Beach, CA 90277,1214 Agate ST
Redondo Beach, CA 90277,1214 Agate ST
Redondo Beach, CA 90277,1214 Agate ST
Redondo Beach, CA 90277,1214 Agate ST

$2,133,000

Est. payment /mo

$2,150,000

0.8%
Est.Price: ?

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1214 Agate ST Redondo Beach, CA 90277

8 Beds

8 Baths

4,170 SqFt

SOLD DATE : 03/20/2025

Key Details

Sold Price $2,133,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 4,170 sqft

Price per Sqft $511

MLS Listing ID 25497359

Sold Date 03/20/25

Bedrooms 8

HOA Y/N No

Year Built 1963

Lot Size 5,593 Sqft

Property Description

Maximize Your Passive Income with This Prime south Redondo 4-Unit Investment Opportunity!1214 Agate Street is a well maintained 4-unit property in the highly desirable North Redondo neighborhood, less than a mile from the beach and King Harbor. This is the ideal investment for the discerning passive income seeker. The property boasts an excellent unit mix: one spacious 3-bedroom/2.5-bathroom unit, two 2-bedroom/2-bathroom units, and a 1-bedroom/1-bathroom unit, ensuring diverse tenant appeal and consistent rental income. Crucially, this property is not subject to LA City Rent Control, offering significant upside potential under AB-1482 and allowing you to maximize your returns. The 4,170 square feet of living space and five garage spaces provide ample room and convenience, attracting quality tenants. Beyond the property's impressive features, its location is an A+ Beach City location. Residents enjoy easy access to the Redondo Beach Pier, The Strand, Hermosa Beach Pier, and the area's robust job market, anchored by prominent employers like Northrup Grumman, Mattel, and numerous aerospace defense companies. This translates to high tenant demand and minimal vacancy. 1214 Agate Street is more than just a property; it's a strategic investment in a thriving coastal community exempt from LA City Rent Control, designed to generate reliable passive income for years to come.

Location

State CA

County Los Angeles

Area 155 - S Redondo Bch N Of Torrance Bl

Zoning RBRMD

Interior

Fireplace No

Exterior

Parking Features Garage

Garage Spaces 5.0

Garage Description 5.0

Total Parking Spaces 5

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7502011049

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Gianluca Jacoli • Shield CRE, Inc.
Bought with Subscriber Non • Non-Participant Office
agent

Julie Giffin

Advisor | License ID: 02073320

+1(949) 274-0620

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