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$2,450,000
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Property Description
Rare opportunity to buy this extra-large 4-UNIT PROPERTY WITH THREE VACANT UPDATED UNITS high on a ridge in sought-after North Redondo Beach. Put your own tenants in at market rate rents or owner-occupy one or more! The "sister property" next door is also available, creating huge upside development potential! Built in 1968, this well-maintained oversized fourplex (Two 3-Bed/2-Bath units with city/mountain views & two large 2-Bed/2- Bath units) features a total of 10 bedrooms and 8 bathrooms, offering strong income potential in one of the South Bay's most desirable coastal communities. This turnkey property allows investors to focus on maximizing returns almost immediately. Three units have been recently updated with new appliances, hardwood flooring, luxury vinyl bathroom flooring, and fresh interior paint. Each 3-bedroom includes a 2-car garage, & a 1-car garage plus parking space for each 2-bedroom unit. The shared laundry room provides an additional source of income. Whether you're an experienced investor expanding your portfolio, an owner-occupant wanting to pay your mortgage with great rent-income, or just looking to build long-term wealth through real estate, this is an outstanding opportunity in a prime location.
Full Property Details
Full Property Details for 1923 Gates
General
- Sold For: $2,450,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SB26109405
- Added to Site: 93 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 6
- Parking Features: Garage, On-Site
- Parking: Garage, On-Site
Location
- Area: 151 - N Redondo Bch/Villas North
- County: Los Angeles
- Development Name: 151 - N Redondo Bch/Villas North
- Driving Directions: East on Gates from Aviation
Heating & Cooling
- Heating Type: Radiant
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Electric Meters: 5
Structural Information
- Entry Location: 1
- Square Feet: 5,032
- Year Built: 1968
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 3
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.172
- Lot Size Source: Assessor
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $486.88
- Price Per Unit: 624750
Listed by eXp Realty of California Inc, Tony Puma and eXp Realty of California Inc, Brett Zebrowski
Sold by Masumi Patel, Masumi Patel
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Schools
Schools serving 1923 Gates
School District:Redondo Beach Unified School District
| Name | Grades | Distance |
|---|---|---|
Lincoln Elementary School, Redondo Beach, CA 2223 Plant Avenue, Redondo Beach, CA 90278 | K-5 | 0.4 mi |
Adams Middle School 2600 Ripley Avenue, Redondo Beach, CA 90278 | 6-8 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1923 Gates
Date
Details
Price
Change
Source
7/17/2026
Sold
$2,450,000
-1.96%
MLS
5/20/2026
Listed
$2,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1923 Gates, Redondo Beach, CA 90278 (MLS# SB26109405) is a Multi-Family property that was sold at $2,450,000 on July 17, 2026. Want to learn more about 1923 Gates? Do you have questions about finding other Multi-Family real estate for sale in Redondo Beach? You can browse all Redondo Beach real estate or contact a Coldwell Banker agent to request more information.

