
Redondo Beach, California 90278
This Strong Value Opportunity is a Two-on-a-Lot Residential Asset listed at $1,425,000—positioned well below the $1,590,594 Fair Market Value by 10%. This valuation gap offers $165,594 in Instant Equity. Featuring a Condition Rating of 2 with a fully remodeled front unit, the property offers immediate rental income and ADU potential. Located directly across from El Nido Park, it provides a unique lifestyle benefit. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset mortgage costs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18506 Kingsdale Avenue Subject | $1,395,000* List Price | 0 | 0 | 2,054 | $694 | - |
A 2722 185th Street Active | $1,799,000 List Price | 4 | 3 | 2,045 | $880 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The front residence has undergone a comprehensive modern renovation within the last 5 years, featuring a designer kitchen with quartz countertops, updated bathrooms with contemporary tile and fixtures, and new flooring throughout. The property is in mint, move-in-ready condition.
The property features two detached homes on one lot, offering a rare opportunity for an owner-user to live in the remodeled front unit while generating immediate rental income from the rear unit to offset mortgage costs.
Situated directly across from El Nido Park, the home benefits from an 'extended backyard' with access to playgrounds and green space, while solving guest parking issues common in high-density beach cities.
The lot is sized to accommodate an additional ADU, providing a clear path for investors or homeowners to create a third income stream and significantly increase the long-term asset value.
The property was recently sold within the past year on 2026-03-06. The sold price is $995,000.00.
Built in 1959, the property may require ongoing maintenance or upgrades to core systems like plumbing and electrical that are typical for mid-century structures, despite the front unit's cosmetic remodel.
Because the 6,003 sqft lot is shared by two detached dwellings and their respective garages, the actual private outdoor space for each unit is partitioned and smaller than a traditional single-family residence.
Two detached homes on one lot! We are pleased to present a rare two-on-a-lot opportunity in one of the South Bay's most desirable residential pockets. Two detached structures, each with its own private courtyard and garage, offer a level of separation and privacy that a home buyer dreams of at a rare price point. The vacant front home - a beautifully remodeled 3-bedroom, 2-bath - is move-in ready for an owner/user or can be delivered at market rent from day one. The rear 2-bedroom, 1-bath unit provides immediate income to offset your mortgage costs for a young family. The lot also accommodates an ADU, creating a clear path to a third income stream and meaningful upside on long-term asset value. Another huge perk, this home is located directly across the street from the very large and quiet El Nido Park. With a playground for young kids, tons of grass, and a baseball field. Your home comes with the biggest yard a kid can dream of. The park also offers endless parking for your guests for hosting bbq's and parties. Whether you're looking to live in one unit and offset your mortgage, house two generations under one roof, or add a stabilized asset to your portfolio - this property delivers on all fronts.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,054 | 1,576 |
| Lot Size | 6,003 | 5,929 |
| Price | $1.40M | $1.80M |
| Price per sq ft | $679 | $1.0K |
| Built year | 1959 | 1963 |
| HOA | $0 | $0 |
| Days on market | 42 | 45 |
Jul 14, 2026
$1,395,000
$1,425,000
-2% Price Drop
Initial Listing
Jun 10, 2026
$1,425,000
Initial Listing
Mar 6, 2026
$995,000
Public Record