18527 Grevillea 2, Redondo Beach, California 90278, Redondo Beach, 90278 - 0 bed, 0 bath
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Redondo Beach, California 90278
This Turnkey Duplex represents a High-Potential Investment Opportunity, listed at $1,450,000—positioned well below the $1,657,713 Fair Market Value by 12%. This valuation gap provides $207,713 in Instant Equity. Featuring a Condition Rating of 3, the property includes updated Granite Kitchens, newer windows, and private patios. With a 3-bedroom and 4-bedroom configuration, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack in the sought-after El Nido neighborhood.
Property is move-in ready.
While built in 1964, the property has undergone significant renovations that appear to be within the 10-20 year range. Kitchens feature granite countertops and stainless appliances, and bathrooms have been updated with stone tiling. The inclusion of newer windows, mini-split HVAC units, and artificial turf indicates consistent maintenance, making it functional and move-in ready.
With a 3-bedroom front unit and a 4-bedroom rear unit, this duplex offers rare high-density living space, making it an ideal candidate for house-hacking or a high-yield investment in a sought-after neighborhood.
The property features a single-level layout with no shared walls (only a connected roofline), private outdoor patios, and three separate garages, providing a detached-home feel that commands premium rental rates.
Extensively updated with granite countertops, stainless steel appliances, newer windows, and low-maintenance artificial turf, the property is move-in ready and minimizes immediate capital expenditure for a new owner.
The presence of long-term tenants may imply that current rents are below market value, which could limit immediate cash flow optimization depending on local rent stabilization ordinances.
While the units are beautifully updated, the 1964 construction date suggests that underlying systems like plumbing or electrical may eventually require modernization compared to newer builds.
Located in the highly sought-after El Nido neighborhood of Redondo Beach/Torrance border, this exceptional duplex presents a rare and compelling investment opportunity. Both units are beautifully maintained, thoughtfully updated, and have generous living space—making them ideal for both owner-users and investors alike. The front residence features 3 bedrooms (One converted to an office) and 2 bathrooms, complemented by a large, open kitchen with granite countertops, stainless steel appliances, and abundant cabinetry. Updated bathrooms, tile, and carpet flooring enhance both comfort and functionality. The rear unit offers 4 bedrooms and 2 bathrooms, an upgraded kitchen, and refreshed baths. Each unit enjoys ample communal living areas, newer windows, oversized closets, and its own private outdoor patio with BBQ space—perfect for relaxing or entertaining. The single-level layout adds convenience and ease of access, while three separate one-car garages provide extra parking and storage. With no shared walls (only a connected roofline), Artificial Turf, and a painted exterior, this property delivers both privacy and curb appeal. Whether you choose to live in one unit and generate rental income from the other, or lease both, this turnkey property is ready for you. Long-Term Tenants
No exterior & parking available.
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 | 2,697 | 2,697 | 50% |
| Lot Size | 6,005 | 7,501 | 21% |
| Price | $1.45M | $1.75M | 16% |
| Price per sq ft | $538 | $597 | 47% |
| Built year | 1964 | 1958 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 149 | 5% |
May 30, 2026
$1,450,000
Initial Listing
Sep 16, 2015
$950,000
Public Record
Nov 23, 1994
$214,000
Public Record