1214 Agate Street, Redondo Beach, CA 90277

About this property

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.

Listing description from the March 2025 sale, as reported to CRMLS.

Sale history

$2,133,000

Sold March 2025 · listed $2,150,000, on market February 2025 · MLS #25497359 · Source: CRMLS

Listing Agent: Gianluca Jacoli · Listing Office: Shield CRE, Inc. · Contact: 310-593-9869 · Bought with: Subscriber Non · Non-Participant Office

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