RealKey
‪(213) 433-7766‬

2005 Phelan Lane, Redondo Beach, California 90278, Redondo Beach, 90278 - 3 bed, 1 bath

2005 Phelan Lane, Redondo Beach, California 90278 home-pic-0
ACTIVE$974,000
2005 Phelan Lane, Redondo Beach, California 90278
3Beds
1Bath
958Sqft
2,750Lot
Year Built
1946
Close
-
List price
$974K
Original List price
$974K
Price/Sqft
$1,017
HOA
-
Days on market
-
Sold On
-
MLS number
GD25220143
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $974.0K(1th), sqft - 958(13th), beds - 3(50th), baths - 1(18th).

A fully updated 3-bedroom, 1-bath home in North 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. 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, 2005 Phelan Lane is a one-of-a-kind South Bay gem.

Nearby schools

8/10
Madison Elementary School
Public,•K-5•0.1mi
7/10
Lincoln Elementary School
Public,•K-6•0.6mi
8/10
Adams Middle School
Public,•6-8•0.5mi
8/10
Redondo Union High School
Public,•9-12•2.3mi

Price History

Date
Event
Price
09/26/25
Listing
$974,000
12/06/16
Sold
$58,460
11/25/15
Sold
$475,000
Condition Rating
Excellent
Despite being built in 1946, this property has undergone extensive and recent renovations, as explicitly stated in the description ('fully updated,' 'recently renovated,' 'remodeled kitchen,' 'refreshed bathroom,' 'new flooring'). The images confirm a virtually new interior with a modern kitchen featuring white shaker cabinets, light countertops, stainless steel appliances, and a contemporary mosaic backsplash. The living areas and bedrooms showcase new dark wood-look flooring and recessed lighting. While the exterior retains its original character, the interior components meet current quality standards with no visible deferred maintenance, aligning with the 'Excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Versatile Zoning & Use: The grandfathered residential/commercial zoning offers exceptional flexibility for use as a primary residence, rental, live/work space, or small business, maximizing its appeal to a broad range of buyers.
Extensive Modern Renovations: Recently updated with new flooring, a refreshed bathroom, and a remodeled kitchen featuring stainless steel appliances, the home is stylish, functional, and move-in ready.
Turn-Key Investment Opportunity: Offered fully furnished and set up as a turn-key rental, this property provides immediate income potential for investors without additional setup costs.
Prime Coastal Location: Situated in desirable North Redondo Beach, the home is minutes from award-winning schools, diverse shopping, dining, and world-class beaches, enhancing its lifestyle appeal and value.
Excellent School Access: The property benefits from proximity to highly-rated schools like Madison Elementary (8/10), Adams Middle (8/10), and Redondo Union High (8/10), a significant draw for families.

Cons

Limited Bathroom Count: The property features only one bathroom for three bedrooms, which may be a functional limitation for families or multiple occupants.
Compact Interior Space: With 958 square feet, the interior living space is relatively small for a 3-bedroom home, potentially limiting comfort or expansion options.
Small Lot Size: The 2,750 square foot lot is modest, offering limited outdoor space for extensive landscaping, recreation, or future expansion.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state