
Redondo Beach, California 90278
This Two-on-a-Lot Residential Asset represents a High-Potential Investment Opportunity, currently listed at $1,395,000. While the list price exceeds the $1,197,160 Fair Market Value, the property offers significant long-term upside through its ADU Development Potential and dual-income stream capability. Featuring a Condition Rating of 2 with a high-end remodeled front unit, this property provides immediate rental income. Located directly across from El Nido Park, it offers a unique lifestyle advantage. This versatile property 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 | $583 | - |
A 2728 Ralston Sold | $1,325,000 | 3 | 3 | 1,605 | $826 | 0.1 mi |
B 18528 Kingsdale Sold | $995,000 | 2 | 2 | 1,265 | $787 | 0.0 mi |
C 2722 185th Street Pending | $1,749,000 List Price | 4 | 3 | 2,045 | $855 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1959, the front home has undergone a high-end, modern remodel within the last 5 years. Interior images show new light wood flooring, recessed lighting, updated windows, and a modern mini-split HVAC system. The property is move-in ready with no visible maintenance needs.
Featuring two detached homes on a single lot, this property offers exceptional flexibility for owner-occupants to offset their mortgage with rental income or for multi-generational living.
Situated directly across from El Nido Park, residents enjoy immediate access to expansive green space and playgrounds, effectively extending the usable outdoor living area.
The lot is sized to accommodate an additional ADU, providing a clear path to a third income stream and significant long-term appreciation in asset value.
The property was recently sold within the past year on 2026-03-06. The sold price is $995,000.00.
With over 80 days on the market and a recent price reduction, the property may be facing buyer hesitation or pricing misalignment relative to current market conditions.
Originally built in 1959, the property may necessitate higher maintenance costs or further capital expenditures to modernize the rear unit and aging core systems.
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 | 2.7 |
| Square foot | 2,054 | 1,746.19 |
| Lot Size | 6,003 | 5,449.254 |
| Price | $1.40M | $1.77M |
| Price per sq ft | $679 | $1.0K |
| Built year | 1959 | 1962 |
| HOA | $0 | $20 |
| Days on market | 91 | 51 |
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