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2609 Gates Avenue offers investors a rare opportunity to acquire a seven-unit North Redondo Beach property with five units delivered vacant. This vacancy profile enables a buyer to immediately implement a comprehensive renovation and leasing strategy. Additionally, the property may offer the opportunity to add a single accessory dwelling unit by converting the existing garage space. The approximately 6,499-square-foot, two-story garden-style property is situated on a 7,504-square-foot lot and offers an attractive mix of (4) two-bedroom / one-and-one-half-bath residences and (3) three-bedroom / one-and-three-quarter-bath residences. With average unit sizes of approximately 928 square feet, the property provides residents with the larger floor plans and functional layouts increasingly sought after in the South Bay rental market.
Listing agent: Steffan Braunlich DRE #01859098 steffan.braunlich@berkadia.com, Listing office: Berkadia
MLS data updated 10/16/2026, 11:18:29 PM PT
Source: CRMLS, MLS #: 26997021
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 1, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,950,000Original asking price · Oct 1, 2026ZIP 90278 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.