2005 Phelan Lane, Redondo Beach, California 90278, Redondo Beach, 90278 - 3 bed, 1 bath
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2005 Phelan Lane
Redondo Beach, California 90278
ACTIVE
CONDITION: EXCELLENT
3Beds
1Baths
958Sq Ft
2,750Lot Size
Property Price
LIST PRICE$874,000
EST. MARKET VALUE
$903,746
3% BelowMARKET VALUE
SUMMARY
This Versatile Hybrid Asset is a Strong Value Opportunity, listed at $874,000—positioned well below the $887,745 Fair Market Value by 1.55%. This valuation gap offers $13,745 in Instant Equity. Featuring a Mint Condition Rating with a remodeled kitchen and Grandfathered Residential/Commercial Zoning, the property provides immediate rental utility or live/work flexibility. Located in the Redondo Unified School District near top-rated schools, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey coastal property.
Estimated Market Value
$903,746+$29,746 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Redondo Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2005 Phelan Lane Subject | $874,000* List Price | 3 | 1 | 958 | $943 | - |
A 1929 Condon Sold | $920,000 | 2 | 1 | 970 | $948 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While built in 1946, the property has undergone a recent renovation (under 5 years) featuring a remodeled kitchen with stainless steel appliances, a refreshed bathroom, and new flooring throughout, meeting the criteria for mint condition and move-in readiness.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Dual-Use Zoning
The property features rare grandfathered residential/commercial zoning, offering unique flexibility for use as a primary residence, short-term rental, or a live/work business space.
- Turn-Key Renovations
Recently updated with a remodeled kitchen, refreshed bathroom, and new flooring, the home is sold fully furnished and move-in ready, ideal for immediate rental income or occupancy.
- Excellent School District
Situated within the highly-regarded Redondo Unified School District and close to top-rated schools, the location adds significant long-term value and appeal for families.
CONSRISKS & DEFICIENCIES
- Lack of Private Parking
The property lacks an attached garage, which may be a significant drawback for buyers requiring secure storage or dedicated off-street parking in a coastal neighborhood.
- Limited Bathroom and Square Footage
With only one bathroom serving three bedrooms and a total of 958 square feet, the home's compact footprint may limit its appeal to larger households or those seeking modern convenience.
About 2005 Phelan Lane
A 3-bedroom, 1-bath home in Redondo Beach offering a rare combination of modern living, investment potential, and dual-use zoning. Recently renovated with new flooring, a refreshed bathroom, and a remodeled kitchen featuring stainless steel appliances and upgraded cabinetry, this home is stylish, functional, and move-in ready and plenty of street parking. No garage attached. This property comes fully furnished and set up as a turn-key rental, making it an excellent opportunity for investors. With its grandfathered residential/commercial zoning, the opportunities are endless—use it as a primary residence, short- or long-term rental, live/work space, or operate a small business. Situated on a private lot with outdoor space for entertaining or relaxing, the home is just minutes from award-winning Redondo schools, shopping, dining, and world-class beaches. Whether you’re seeking a charming coastal home, a ready-made furnished rental, or a versatile live/work investment.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1946
- Lot Size
- 2,750 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redondo Beach Unified Schools
Madison Elementary School
Grades K-5 • 0.1 mi
8/10
Lincoln Elementary School
Grades K-6 • 0.6 mi
7/10
Adams Middle School
Grades 6-8 • 0.5 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.7 |
| Square foot | 958 | 1,746.19 |
| Lot Size | 2,750 | 5,449.254 |
| Price | $874.0K | $1.77M |
| Price per sq ft | $912 | $1.0K |
| Built year | 1946 | 1962 |
| HOA | $0 | $20 |
| Days on market | 41 | 51 |
Pricing History
Listed for Sale
Jul 30, 2026
$874,000
Initial Listing
Sold
Dec 6, 2016
$58,460
Public Record
Sold
Nov 25, 2015
$475,000
Public Record