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1011 S Prospect Avenue, Redondo Beach, California 90277, Redondo Beach, 90277 - bed, bath

1011 S Prospect Avenue, Redondo Beach, California 90277 home-pic-0
ACTIVE$2,775,000
1011 S Prospect Avenue, Redondo Beach, California 90277
0Bed
0Bath
4,150Sqft
5,845Lot
Year Built
2025
Close
-
List price
$2.77M
Original List price
$3.2M
Price/Sqft
$669
HOA
-
Days on market
-
Sold On
-
MLS number
SB25190148
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $2.77M(76th), sqft - 4150(94th), beds - undefined(3th), baths - undefined(3th).

Price to good to be true! This is an astonishing DEAL just in time for the holidays! Grow Your Real Estate Portfolio with this Solid Investment Opportunity, Less than 1 mile to the Beach and the Vibrant Riviera Village. This is 1 of 3 Adjacent lots with 3, New Construction, single family homes and 3 ADUs spanning over 17,000 sq. ft. in South Redondo Beach (Adjacent addresses are 1003 S Prospect and 1007 S Prospect Ave, offered for sale separately online and on the MLS). Consider 1, 2 or all 3 homes for your RE Portfolio or a Family Compound near the Beach. All 3 homes feature a main house with ground level bedroom and private bath, plus 3 bedrooms and 2 bathrooms upstairs. Each home includes a separate address ADU with private entrance, inside laundry and are separately metered. Exceptional craftsmanship with Premium Italian cabinetry by AR-DUE, Thermador appliances with dual fuel ranges, quartz counter tops, European Oak flooring and custom closet systems by Maronese ACF. New construction benefits include battery ready Solar systems and tankless water heaters on both the main houses and the ADUs. This is a rare opportunity for the buyer seeking adjacent parcels in the Beach Cities. We welcome your questions and interest.

Nearby schools

9/10
Alta Vista Elementary School
Public,•K-5•0.2mi
9/10
Tulita Elementary School
Public,•K-5•0.3mi
9/10
Seaside Elementary School
Public,•K-5•0.9mi
9/10
Anza Elementary School
Public,•K-5•0.9mi
8/10
Riviera Elementary School
Public,•K-5•1.2mi
8/10
Victor Elementary School
Public,•K-5•1.5mi
8/10
Towers Elementary School
Public,•K-5•2.0mi
7/10
Calle Mayor Middle School
Public,•6-8•1.0mi
8/10
Edward J. Richardson Middle School
Public,•6-8•1.2mi
8/10
Jefferson Middle School
Public,•6-8•1.2mi
8/10
Bert M. Lynn Middle School
Public,•6-8•1.9mi
9/10
South High School
Public,•9-12•1.2mi
9/10
West High School
Public,•9-12•1.6mi

Price History

Date
Event
Price
12/13/25
Price Change
$2,775,000-2.6%
09/11/25
Price Change
$2,850,000-10.9%
08/22/25
Listing
$3,200,000
02/20/19
Sold
$796,000
Condition Rating
Excellent
This property is brand new construction, built in 2025, and features high-end finishes and appliances throughout. The kitchen boasts premium Italian cabinetry, Thermador appliances, and quartz countertops. Bathrooms are modern with freestanding tubs, glass-enclosed showers, and contemporary fixtures. European Oak flooring is present throughout, and the property includes modern amenities like battery-ready solar systems and tankless water heaters. All components are new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
New Construction & Modern Amenities: Built in 2025, this property boasts brand-new construction with battery-ready solar systems and tankless water heaters, ensuring energy efficiency and modern living standards.
Prime Coastal Location: Situated less than 1 mile from Redondo Beach and the vibrant Riviera Village, the property offers desirable coastal living in the sought-after South Redondo Beach area.
Income-Generating ADU: Each home includes a separately addressed and metered Accessory Dwelling Unit (ADU) with a private entrance and inside laundry, providing significant rental income potential or flexible multi-generational living options.
High-End Finishes & Craftsmanship: The property features exceptional craftsmanship with premium Italian cabinetry by AR-DUE, Thermador appliances, quartz countertops, European Oak flooring, and custom closet systems by Maronese ACF.
Investment Portfolio Opportunity: As one of three adjacent new construction homes with ADUs on a combined 17,000+ sq. ft. lot, this presents a rare opportunity for expanding a real estate portfolio or creating a family compound.

Cons

Significant Price Reductions: The property has undergone multiple price reductions from an initial $3.2M to $2.775M, which may indicate initial overpricing or challenges in attracting buyers at previous price points.
Future Listing Dates: The 'on_market_date' and 'modified_timestamp' are listed in the future (2025), which could suggest a pre-sale, a prolonged construction timeline, or a data entry discrepancy, potentially causing uncertainty for prospective buyers.
Potential Market Saturation: Being one of three adjacent new construction homes with ADUs offered for sale simultaneously, there might be increased competition among the units, potentially affecting absorption rates or pricing strategy.

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