Rare North Redondo Beach Multifamily Investment Opportunity
An exceptional four-unit multifamily asset has just become available in one of Redondo Beach’s most sought-after neighborhoods a property that hasn’t been on the market in decades.
Unit Mix:
• One freestanding 3-bedroom, 1-bath home with private yard, washer/dryer hookups in unit, engineered hardwood floors and so much more.
• Three 2-bedroom, 1-bath units, each featuring engineered hardwood floors, washer/dryer hookups in units (lower unit has a private yard).
Highlights:
• All units are well-maintained, thoughtfully upgraded and have great rentability.
• Strong tenant appeal with in-unit laundry, outdoor spaces, garages, and engineered hardwood flooring.
• Ample street and nearby parking.
Unit C will be delivered Vacant and will be vacated by 10/31/2025.
• Long-term ownership with pride of care.
Market Drivers:
• Located in North Redondo Beach, one of the most desirable rental submarkets in the South Bay.
• Historically low vacancy rates, ensuring consistent rental demand.
• A short drive to beaches, restaurants, freeways, tech corridors, and major employment hubs.
• Rare combination of stable cash flow and long-term appreciation potential.
With decades since its last sale, this is a once-in-a-generation opportunity to secure a cornerstone multifamily asset in one of Southern California’s strongest rental markets.
Pending
Listing Provided by:
Teresa Workman DRE #01819432 310-626-5078,
Teresa Workman
$1,985,000
2615 Rockefeller Ln, Redondo Beach, CA 90278
9beds
3,507sqft
Est.:
Quadruplex
Built in 1954
-- sqft lot
$1,898,000 Zestimate®
$566/sqft
$-- HOA
What's special
Private yardOutdoor spacesIn-unit laundryEngineered hardwood floors
- 124 days |
- 756 |
- 27 |
Zillow last checked: 8 hours ago
Listing updated: January 28, 2026 at 07:56am
Listing Provided by:
Teresa Workman DRE #01819432 310-626-5078,
Teresa Workman
Source: CRMLS,MLS#: SB25231888
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 1
- Main level bedrooms: 3
Rooms
- Room types: Kitchen
Cooling
- None
Appliances
- Laundry: In Kitchen
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total interior livable area: 3,507 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage - Attached
- Attached garage spaces: 4
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 7,809 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 4082003019
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Suburban, Sidewalks
Location
- Region: Redondo Beach
Financial & listing details
- Price per square foot: $566/sqft
- Tax assessed value: $132,566
- Annual tax amount: $4,464
- Date on market: 10/3/2025
- Cumulative days on market: 124 days
- Listing terms: Cash,Cash to New Loan,Conventional,Contract
Estimated market value
$1,898,000
$1.80M - $1.99M
$7,194/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/28/2026 | Pending sale | $1,985,000$566/sqft |
Source: | ||
| 1/6/2026 | Contingent | $1,985,000$566/sqft |
Source: | ||
| 10/28/2025 | Price change | $1,985,000-7.7%$566/sqft |
Source: | ||
| 9/30/2025 | Listed for sale | $2,150,000$613/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,464 +4.4% | $132,566 +2% |
| 2024 | $4,275 +1.2% | $129,968 +2% |
| 2023 | $4,224 +5.5% | $127,421 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$12,276/mo
Principal & interest
$9629
Property taxes
$1952
Home insurance
$695
Climate risks
Neighborhood: 90278
Nearby schools
GreatSchools rating
- 9/10Birney Elementary SchoolGrades: K-5Distance: 0.3 mi
- 7/10Adams Middle SchoolGrades: 6-8Distance: 0.5 mi
- 9/10Redondo Union High SchoolGrades: 9-12Distance: 1.9 mi
- Loading






