118 S Lucia, Redondo Beach, California 90277, Redondo Beach, 90277 - 0 bed, 0 bath
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Redondo Beach, California 90277
This South Redondo Beach Quadruplex is a Strong Value Opportunity, with a List Price of $2,795,000—positioned well below the $3,091,812 Fair Market Value by 9%. This valuation gap provides $296,812 in Instant Equity for the incoming buyer. Despite a Fair Condition Rating, the asset features private rooftop decks and significant ADU Development Potential via three 2-car garages. Proximity to Alta Vista Elementary (9/10) and West High (9/10) ensures consistent rental demand. This is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build wealth.
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.
Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
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.
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.
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.
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.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,124 | 2,476 | 89% |
| Lot Size | 6,164 | 6,019 | 67% |
| Price | $2.79M | $1.93M | 78% |
| Price per sq ft | $545 | $759 | 33% |
| Built year | 1971 | 1956 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 106 | 22% |
Feb 23, 2026
$2,795,000
Initial Listing
Oct 20, 1993
$458,000
Public Record