Redondo Beach, CA 90278 1816 Speyer Lane
$2,495,000
11 more
Presented By: Greg Fabian with Thompson Team Real Estate, Inc.; 310-493-2177
- MLS# SB25186430
- 08/19/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 3
Full/Half Baths • 2 / 1
SQFT • 5,080
Garage • 7
Home Details
Well-maintained 4-unit complex in desirable Jefferson Elementary neighborhood. 100% tenant-occupied. Three units are 2BD/1BA with separate powder area, all recently remodeled with granite counters, vinyl windows, tile floors, tiled stairwells to rooftop decks, vinyl flooring, new E-pipe plumbing, and newly sealed/coated roof. Termite repairs have been completed. Each unit has a private courtyard and garage parking.
Front owner’s unit is approx. 1,500 sq. ft. 3BD/2.5BA + den with fireplace, vaulted ceilings, washer/dryer, and private courtyard. Strong rental history, pride of ownership, and excellent owner-user or investor opportunity.
Highlights:
• 4 Units – 100% occupied
• Three remodeled 2BD/1BA units w/ powder area
• Owner’s unit ~1,500 sq. ft. 3BD/2.5BA + den
• Private courtyards for all units
• Garage parking for every tenant
• New E-pipe plumbing, vinyl windows, sealed/coated roof
• Termite repairs completed
• Located in Jefferson Elementary School district
Presented By: Greg Fabian with Thompson Team Real Estate, Inc.; 310-493-2177
Interior Features for 1816 Speyer Lane
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesDen
Fireplace Y/NYes
FlooringCarpet, Laminate
Heating Y/NYes
Interior AmenitiesBeamedCeilings, AllBedroomsUp, JackAndJillBath
Laundry FeaturesCommonArea
Total Stories2
Window FeaturesInsulatedWindows
Other Rooms
Entry Level1
General for 1816 Speyer Lane
AccessibilityNone
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricRange, GasRange, GasWaterHeater
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.06
Carport Spaces0.0
Carport Y/NNo
CityRedondo Beach
Community FeaturesBiking, DogPark
Construction MaterialsStucco, CopperPlumbing
CoolingNone
CountyLos Angeles
DirectionsFrom Grant Ave, south
ElectricStandard
Electric Expense2170.0
Entry Location1
Fuel Expense2000.0
Garage Spaces7.0
Garage Y/NYes
Gross Income124800.0
HOANo
HOA Fee$0.0
HeatingCombination, ForcedAir
Home Warranty Y/NNo
Insurance Expense3164.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet7501.0
Lot Size UnitsSquareFeet
MLS Area152 - N Redondo Bch/Villas South
MobileHomeRemainsYNNo
Net Operating Income81015.0
New ConstructionNo
Number Of Units Total4
Open Parking Spaces0.0
Operating Expense43785.0
Pool FeaturesNone
PossessionCloseOfEscrow
PostalCityREDONDO BEACH
Property Attached Y/NYes
Property ConditionUpdatedRemodeled, Turnkey
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofFlat
Security FeaturesFireDetectionSystem, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot4
Taxes$31,250
Tenant PaysElectricity
Trash Expense350.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewMountains, Neighborhood
Water Sewer Expense3600.0
Year Built1973
Year Built SourcePublicRecords
ZoningRBR-2
Exterior for 1816 Speyer Lane
Building Area Total5080.0
Crops Included Y/NNo
FencingWood
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1722
Lot Size Area7501.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters1
Number of Separate Water Meters1
Parking FeaturesAssigned, DrivewayLevel, Garage
Private PoolNo
SpaNo
Total Parking7.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate