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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. • 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. Unit C will be delivered Vacant and will be vacated by 10/31/2025.
Listing agent: Teresa Workman DRE #01819432 teresaworkmanrealty@gmail.com, Listing office: Teresa Workman
MLS data updated 10/24/2026, 5:30:51 PM PT
Source: CRMLS, MLS #: SB25228942
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Feb 4, 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
$1,750,000Closed sale · Feb 4, 2026ZIP 90278 · Feb 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.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.