2230 S Redondo Blvd Los Angeles, CA 90016
Mid-City NeighborhoodEstimated payment $12,067/month
Total Views
771
9
Beds
4
Baths
3,864
Sq Ft
$485
Price per Sq Ft
Highlights
- Ceiling Fan
- Laundry Facilities
- Radiant Heating System
About This Home
Privately tucked behind mature hedges in the heart of Mid-City, this beautifully updated 4-unit income property presents a rare opportunity to invest in one of LA's most rapidly evolving neighborhoods, just minutes from Culver City. All four units have been thoughtfully renovated in recent years, blending a clean, contemporary aesthetic with the charm of the original architecture. The fully updated building features three spacious 2-bedroom/1-bath units and one oversized 3-bedroom/2-bath unit with sweeping views from multiple angles. Each unit is filled with natural light, and the interiors are well-maintained making this a true turn-key opportunity for investors or potential owner-users. With over 4,400 square feet of living space on a 7,200-square-foot lot, the property also offers excellent potential for expansion or the addition of ADUs (buyer to verify feasibility with the city). All units are currently leased at near-market rents to reliable tenants, currently producing a solid 5.1% cap rate. With an addition of an ADU the property fully optimized is projected at 6.7 % Cap rate. The gated property offers both privacy and convenience, with tall hedges, one off-street parking space per unit, and ample street parking. Ideally located close to the Expo Line, downtown Culver City, and neighborhood hotspots like Helms Bakery, Alta Adams, Vicky's All Day, Chulita, Cento, and Mizlala. An exceptional, income-generating asset in a high-demand central location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,614
Year Built
- Built in 1965
Lot Details
- 4,798 Sq Ft Lot
Interior Spaces
- 3,864 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Dishwasher
- Leased Washer and Dryer
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Bathrooms
Parking
- 4 Parking Spaces
- Uncovered Parking
Utilities
- Cooling System Mounted In Outer Wall Opening
- Radiant Heating System
Community Details
- 4 Units
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 5062-009-008
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,614 | $1,793,440 | $1,267,612 | $525,828 |
| 2024 | $21,614 | $1,758,275 | $1,242,757 | $515,518 |
| 2023 | $21,199 | $1,723,800 | $1,218,390 | $505,410 |
| 2022 | $20,218 | $1,690,000 | $1,194,500 | $495,500 |
| 2021 | $17,587 | $1,454,918 | $1,010,360 | $444,558 |
| 2020 | $17,766 | $1,440,000 | $1,000,000 | $440,000 |
| 2019 | $1,436 | $88,074 | $22,828 | $65,246 |
| 2018 | $1,357 | $86,348 | $22,381 | $63,967 |
| 2016 | $1,256 | $82,997 | $21,513 | $61,484 |
| 2015 | $1,242 | $81,751 | $21,190 | $60,561 |
| 2014 | $1,274 | $80,150 | $20,775 | $59,375 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2025 07/23/25 | For Sale | $1,875,000 | +10.9% | $485 / Sq Ft |
| 08/05/2021 08/05/21 | Sold | $1,690,000 | -0.3% | $437 / Sq Ft |
| 06/03/2021 06/03/21 | For Sale | $1,695,000 | +0.3% | $439 / Sq Ft |
| 05/21/2021 05/21/21 | Off Market | $1,690,000 | -- | -- |
| 05/06/2021 05/06/21 | For Sale | $1,695,000 | +17.7% | $439 / Sq Ft |
| 05/06/2021 05/06/21 | Pending | -- | -- | -- |
| 09/09/2019 09/09/19 | Sold | $1,440,000 | -4.0% | $373 / Sq Ft |
| 08/14/2019 08/14/19 | Price Changed | $1,500,000 | -3.2% | $388 / Sq Ft |
| 07/09/2019 07/09/19 | For Sale | $1,550,000 | -- | $401 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,690,000 | Lawyers Title Company | |
| Grant Deed | $1,440,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,352,000 | New Conventional | |
| Previous Owner | $1,000,000 | Construction | |
| Previous Owner | $100,000 | Stand Alone Second | |
| Previous Owner | $60,243 | Credit Line Revolving | |
| Previous Owner | $728,649 | Unknown | |
| Previous Owner | $621,000 | Fannie Mae Freddie Mac |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 25569237
APN: 5062-009-008
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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