118 S Lucia, Redondo Beach, California 90277, Redondo Beach, 90277 - 0 bed, 0 bath
Loading property details...
Redondo Beach, California 90277
Analysis of 118 S Lucia, Redondo Beach, California 90277 is currently available with a list price of $2,695,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Redondo Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1971, the property shows signs of partial renovations from roughly 15-20 years ago, such as the updated bathroom vanity. While functional, rentable, and move-in ready, the overall aesthetic and systems appear dated, requiring minor cosmetic updates and modernizing to maximize value.
Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
The property offers a significant opportunity to increase rental income through potential ADU conversions in the three 2-car garages and the lower level of the front unit.
Each spacious townhouse-style unit includes a private rooftop deck, a highly sought-after amenity that drives tenant demand and supports premium rental rates in a coastal market.
Built in 1971, the building may require upcoming capital improvements or maintenance to modernize systems and maintain its competitive edge against newer developments.
The property is subject to California’s AB 1482 rent control, which caps annual rent increases and may limit the immediate realization of market-rate returns.
Large 4 unit building. Each townhouse style unit is spacious and features its own private rooftop deck. Located near top rated schools, the beachand a vast selection of shopping and dining options, these units are always in high demand. Units include one 3 bed/2.5bath front unit and three2/1.5 bath units. The property offers ample parking with three 2 car garages. The garages and the lower level of the 3 bedroom front unit presenta potential ADU opportunity (check with the city), which will further increase income. The city of Redondo Beach is subject only to state rentcontrol (AB1482).
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.8 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 5.0 |
| Square foot | 5,124 | 3,101 |
| Lot Size | 6,164 | 5,003 |
| Price | $2.69M | $1.84M |
| Price per sq ft | $526 | $664 |
| Built year | 1971 | 1986 |
| HOA | $0 | $0 |
| Days on market | 42 | 41 |
Jun 10, 2026
$2,695,000
Initial Listing
Oct 20, 1993
$458,000
Public Record