2005 Phelan Lane, Redondo Beach, California 90278, Redondo Beach, 90278 - 3 bed, 1 bath
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Redondo Beach, California 90278
This Versatile Dual-Use Residence is listed at $899,000, representing a stable market entry near its $876,293 Fair Market Value. Boasting a Renovated Condition Rating, the home features a remodeled kitchen with stainless steel appliances, upgraded cabinetry, and a private outdoor patio. Its rare grandfathered residential/commercial zoning and proximity to top-rated schools like Madison Elementary (Rating: 8) offer unique long-term utility. With local comparable sales trending higher, this turn-key, furnished property is an exceptional find for Owner-Occupants seeking a live/work lifestyle or Buy-and-Hold Investors targeting high-demand coastal rentals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2005 Phelan Lane Subject | $999,000* List Price | 3 | 1 | 958 | $981 | - |
A 1929 Condon Sold | $920,000 | 2 | 1 | 970 | $948 | 0.5 mi |
B 1905 Condon Sold | $905,000 | 3 | 2 | 1,042 | $869 | 0.5 mi |
C 1744 Wollacott Pending | $1,115,000 List Price | 3 | 2 | 1,026 | $1,087 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has been recently renovated with a remodeled kitchen featuring stainless steel appliances and upgraded cabinetry, new flooring, and a refreshed bathroom. Visual evidence shows modern mini-split HVAC systems and turn-key interior finishes, meeting the criteria for a renovation completed within the last 5 years.
The property features rare grandfathered residential/commercial zoning, providing exceptional flexibility for use as a primary residence, a turn-key short-term rental, or a live/work business space.
Recently updated with a remodeled kitchen, stainless steel appliances, and new flooring, this fully furnished home offers a modern aesthetic and immediate move-in readiness.
Located in a desirable North Redondo neighborhood, the home offers proximity to world-class beaches and access to the highly-rated Redondo Unified School District.
With three bedrooms but only one bathroom, the home's layout may pose functional challenges for families or multiple occupants, potentially impacting long-term resale value.
The small 958-square-foot interior and modest 2,750-square-foot lot offer limited living and outdoor space, which may feel restrictive compared to other single-family options in the area.
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. This property comes fully furnished and set up as a turn-key rental, providing immediate income potential 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.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-6 • 0.6 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 958 | 1,603 | 7% |
| Lot Size | 2,750 | 5,002 | 39% |
| Price | $999.0K | $1.52M | 8% |
| Price per sq ft | $1.0K | $939 | 68% |
| Built year | 1946 | 1962 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 129 | 6% |
Jun 10, 2026
$999,000
$899,000
+11% Price Increase
Initial Listing
May 6, 2026
$899,000
Initial Listing
Dec 6, 2016
$58,460
Public Record
Nov 25, 2015
$475,000
Public Record