1041 Avenue D, Redondo Beach, California 90277, Redondo Beach, 90277 - 2 bed, 1 bath
ACTIVE$1,600,000$789/sqft
Est. Value: $1,467,823
-8%
AboveEstimate
1041 Avenue D, Redondo Beach, California 90277
2Beds
1Bath
789Sqft
6,284Lot
Price Vs. Estimate
The estimated value ($1,467,822.745) is $132,177.255 (8%) lower than the list price ($1,600,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
Top Cons:
Limited Current Living Area: At only 789 sqft, the 2-bedroom, 1-bath home offers very limited interior space, which may not meet the needs of many prospective buyers without significant expansion.
Compared to the nearby listings
Price:$1.60M vs avg $2.10M ($-500,000)20%
Size:789 sqft vs avg 1,907 sqft5%
Price/sqft:$2.0K vs avg $1.1K98%
More Insights
Built in 1952 (74 years old).
Condition: Built in 1952, the property is over 70 years old with no visible signs of major recent renovations. The MLS analysis highlights the 'limited intrinsic value' of the existing structure, stating it 'likely requires substantial investment' and 'extensive updates to systems, finishes, and overall aesthetics.' The high list price is primarily reflective of the land value, indicating the existing home is considered a tear-down candidate for redevelopment or a complete rebuild.
Year Built
1952
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$2,028
HOA
-
Days on market
-
Sold On
-
MLS number
25631535
Home ConditionTear down
Features
Patio
View-
About this home
A
Afsaneh Jelokhani
Listing Agent
Nearby schools
9/10
Tulita Elementary School
Public,•K-5•0.2mi
9/10
Alta Vista Elementary School
Public,•K-5•0.3mi
9/10
Seaside Elementary School
Public,•K-5•0.7mi
9/10
Anza Elementary School
Public,•K-5•0.9mi
8/10
Riviera Elementary School
Public,•K-5•1.1mi
8/10
Victor Elementary School
Public,•K-5•1.6mi
8/10
Towers Elementary School
Public,•K-5•2.1mi
7/10
Calle Mayor Middle School
Public,•6-8•0.9mi
8/10
Edward J. Richardson Middle School
Public,•6-8•1.1mi
8/10
Jefferson Middle School
Public,•6-8•1.2mi
8/10
Bert M. Lynn Middle School
Public,•6-8•2.0mi
9/10
South High School
Public,•9-12•1.1mi
9/10
West High School
Public,•9-12•1.6mi
Condition Rating
Tear down
Built in 1952, the property is over 70 years old with no visible signs of major recent renovations. The MLS analysis highlights the 'limited intrinsic value' of the existing structure, stating it 'likely requires substantial investment' and 'extensive updates to systems, finishes, and overall aesthetics.' The high list price is primarily reflective of the land value, indicating the existing home is considered a tear-down candidate for redevelopment or a complete rebuild.
Pros & Cons
Pros
Great Schools: Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
Premium Coastal Location: Situated in Redondo Beach, a highly desirable South Bay community known for its lifestyle, amenities, and strong property values.
Generous Lot Size: A substantial 6,284 sqft lot provides ample space for outdoor living, potential expansion of the existing structure, or future redevelopment opportunities.
Access to Top-Tier Schools: Located within a district boasting multiple highly-rated public schools (e.g., Alta Vista, Tulita, West High, South High), a significant advantage for families.
Significant Value-Add Potential: The property's small existing footprint on a large lot in a prime area presents a strong opportunity for buyers to customize, expand, or rebuild to maximize value.
Strong Market Appreciation: Redondo Beach consistently demonstrates robust real estate appreciation, making this property a solid long-term investment.
Cons
Limited Current Living Area: At only 789 sqft, the 2-bedroom, 1-bath home offers very limited interior space, which may not meet the needs of many prospective buyers without significant expansion.
High Price Point for Existing Structure: The $1.6 million list price is substantial and primarily reflective of the land value and desirable location, implying that the existing 1952-built home itself offers limited intrinsic value and likely requires substantial investment.
Age and Potential Renovation Needs: Built in 1952, the property is likely to require extensive updates to systems, finishes, and overall aesthetics to meet contemporary standards, adding considerable cost and effort for the new owner.