118 S Lucia, Redondo Beach, California 90277, Redondo Beach, 90277 - bed, bath
118 S Lucia
Redondo Beach, California 90277
Property Price
SUMMARY
Analysis of 118 S Lucia, Redondo Beach, California 90277 is currently available with a list price of $2,795,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1971, this multi-unit property is well-maintained but reflects its original era with dated architectural elements and interior finishes. While the units are functional and feature desirable private rooftop decks, the kitchens and bathrooms show signs of age and lack modern upgrades. The listing itself notes 'vintage construction' and the potential need for capital expenditures to modernize systems, placing it firmly in the fair category as an aged but functional asset requiring updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
- ADU Development Potential
The property features three 2-car garages and a lower-level space in the front unit that present a significant opportunity for ADU conversion, allowing for increased density and rental income.
- Premium Tenant Amenities
Each of the four spacious townhouse-style units includes its own private rooftop deck, a rare and highly desirable feature in the Redondo Beach rental market that drives consistent tenant demand.
CONSRISKS & DEFICIENCIES
- Vintage Construction
Built in 1971, the building may require significant capital expenditures for deferred maintenance or modernization of systems to compete with newer luxury developments in the area.
- Regulatory Rent Caps
The property is subject to California state rent control (AB 1482), which limits the owner's ability to immediately adjust rents to market rates and restricts annual increase percentages.
About 118 S Lucia
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).
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1971
- Lot Size
- 6,164 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redondo Beach Unified Schools
Victor Elementary School
Grades K-5 • 0.7 mi
Anza Elementary School
Grades K-5 • 0.8 mi
Towers Elementary School
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 5,124 | 3,453 | 89% |
| Lot Size | 6,164 | 5,607 | 67% |
| Price | $2.79M | $2.17M | 78% |
| Price per sq ft | $545 | $630 | 33% |
| Built year | 1971 | 1959 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 124 | 11% |
Pricing History
Listed for Sale
Feb 23, 2026
$2,795,000
Initial Listing
Sold
Oct 20, 1993
$458,000
Public Record