Realkey.ai
RealKey
‪(213) 433-7766‬

18218 Mansel Avenue, Redondo Beach, California 90278, Redondo Beach, 90278 - bed, bath

18218 Mansel Avenue, Redondo Beach, California 90278 home-pic-0
ACTIVE$1,999,888$3,300/sqft
18218 Mansel Avenue, Redondo Beach, California 90278
0Bed
0Bath
3,300Sqft
6,004Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Turn-Key Investment & Income Potential: This property is explicitly marketed as a 'Turn-Key Income Property' with 'strong rental income' and 'strong cap rate,' ideal for investors seeking immediate returns with minimal future maintenance due to its new construction and recent renovations.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3300, other record living area = 980.

Compared to the nearby listings

Price:$2.00M vs avg $1.48M (+$517,888)88%
Size:3,300 sqft vs avg 2,200 sqft76%
Price/sqft:$606 vs avg $67729%

More Insights

Built in 2023 (3 years old).
Condition: This property consists of two brand-new construction homes completed in 2023 and a fully remodeled front house also renovated in 2023. All units feature brand-new central HVAC, modern kitchens with premium appliances, stylish finishes, and luxurious bathrooms with contemporary fixtures and tiling. The property is virtually new, with no deferred maintenance and meets current quality standards, aligning perfectly with the 'Excellent' criteria.
Year Built
2023
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$606
HOA
-
Days on market
-
Sold On
-
MLS number
OC26011412
Home ConditionExcellent
Features
Patio
View-

About this home

Turn-Key Income Property in Prime East Redondo Beach Incredible investment opportunity in the sought-after El Nido neighborhood. This 3,200 sq ft property includes two brand-new construction homes (completed end of 2023) and a fully remodeled front house (renovated in 2023)—ideal for investors seeking strong rental income with minimal future maintenance. All units feature brand-new central heating and air systems. The two newly built rear homes offer mirror layouts with spacious, loft-style open floor plans, modern kitchens, premium appliances, solar panels, and stylish finishes throughout. Each unit includes a luxurious primary suite with dual-sink vanities, walk-in closets, and elegant secondary bedrooms with private full baths. The front home includes 2 bedrooms and 2 baths, fully renovated with wide-plank floors, new windows, and an airy, open-concept kitchen and living space. Western exposure brings in natural light, sea breezes, and striking sunset views. In-unit laundry and off-street parking complete the appeal. Additional highlights: Permit ready to pull for adding a second floor to the front unit for additional income Near market rents with strong cap rate Low-maintenance, high-quality construction Brand-new central HVAC in all units Walkable to shopping, restaurants, and the South Bay Galleria Minutes from Redondo Beach and freeway access Don’t miss this rare chance to own a beautifully built, high-performing asset in one of the South Bay’s most desirable neighborhoods.

D
Danny Mayari
Listing Agent

Price History

Date
Event
Price
07/18/22
Sold
$950,000
Condition Rating
Excellent
This property consists of two brand-new construction homes completed in 2023 and a fully remodeled front house also renovated in 2023. All units feature brand-new central HVAC, modern kitchens with premium appliances, stylish finishes, and luxurious bathrooms with contemporary fixtures and tiling. The property is virtually new, with no deferred maintenance and meets current quality standards, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

Turn-Key Investment & Income Potential: This property is explicitly marketed as a 'Turn-Key Income Property' with 'strong rental income' and 'strong cap rate,' ideal for investors seeking immediate returns with minimal future maintenance due to its new construction and recent renovations.
New Construction & Recent Renovation: Comprising two brand-new construction homes (2023) and a fully remodeled front house (2023), the property offers modern aesthetics, high-quality finishes, and significantly reduced immediate maintenance needs.
Desirable Location & Accessibility: Situated in 'Prime East Redondo Beach' within the 'sought-after El Nido neighborhood,' it boasts excellent walkability to shopping, restaurants, and the South Bay Galleria, plus minutes-away access to Redondo Beach and freeways.
Value-Add Opportunity: A significant upside exists with 'Permit ready to pull for adding a second floor to the front unit for additional income,' providing a clear path for future expansion and increased revenue.
Modern Amenities & Energy Efficiency: All units feature brand-new central HVAC, premium appliances, and stylish finishes, with the new rear units also including solar panels, ensuring comfort, efficiency, and contemporary living.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 3300, other record living area = 980.
Lack of Significant Views: The property details explicitly state 'view: None,' indicating an absence of panoramic or notable scenic views, which can be a premium feature in coastal Redondo Beach.
High Initial Investment: With a list price of nearly $2 million, the property represents a substantial initial investment, which, while justified by extensive improvements, may limit the pool of potential buyers.
Potential for Limited Private Outdoor Space: The description focuses on interior features and income potential, with no mention of expansive private yards or significant outdoor amenities for each unit, which could be a drawback for some tenants or owner-occupants.
Browse Properties by State Browse housing market trends by state