
Redondo Beach, California 90277
This property presents a High-Potential Investment Opportunity with a List Price of $2,800,000—positioned well below the $2,829,823 Fair Market Value by 1%. This valuation gap offers $29,823 in Instant Equity. Featuring a Condition Rating of 5, the home requires significant renovation, yet its 3,168 sqft floor plan and panoramic ocean views provide immense upside. Located near 9/10 rated schools like Alta Vista Elementary, this is a strategic acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a custom coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 228 Avenue C Subject | $2,800,000* List Price | 4 | 4 | 3,168 | $958 | - |
A 98 Via Monte Doro Sold | $3,330,000 | 5 | 4 | 3,601 | $925 | 0.7 mi |
B 704 Elvira Avenue Sold | $2,500,000 | 3 | 3 | 2,300 | $1,087 | 0.4 mi |
C 1212 S Irena Avenue Active Under Contract | $2,678,000 List Price | 5 | 3 | 3,816 | $702 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1923 with significant deferred maintenance and no evidence of recent renovations. The listing explicitly identifies the property as a renovation project in 'as-is' condition, indicating that the kitchen, bathrooms, and major systems likely require a full rehab to meet modern standards.
Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
Situated less than two blocks from the beach in South Redondo, this property offers an enviable lifestyle with immediate access to the ocean, coastal recreation, and high-end dining.
With over 3,100 square feet of living space and a generous 6,025 square foot lot, this 'good bones' residence provides a rare opportunity to renovate and create a custom luxury home in a high-demand market.
The home is being sold in 'as-is' condition and requires significant updating and repairs, which will necessitate a substantial additional capital investment from the buyer.
A discrepancy exists between the physical bedroom/bathroom count and public records, potentially indicating unpermitted additions that require careful due diligence and verification.
Opportunity awaits in Redondo Beach with this spacious home located less than two blocks from the beach and Pacific Ocean. The property currently features 5 bedrooms and 5 bathrooms, providing a generous floor plan with plenty of space for comfortable coastal living. Please note that title/public records reflect the property as a 4-bedroom, 4-bathroom residence; buyer is advised to independently verify the bedroom and bathroom count, permits, and all property information to their satisfaction. While the home has some deferred maintenance and is in need of updating, it has good bones and offers significant potential for a buyer looking to renovate, customize, and create a home tailored to their own vision. The combination of its substantial size and exceptional proximity to the ocean makes this a compelling opportunity for an owner-user, investor, or buyer seeking a renovation project in a highly desirable beach community. Enjoy convenient access to the sand, ocean, coastal recreation, dining, shopping, and everything the South Bay lifestyle has to offer. Property is being sold in its present 'as-is' condition.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.7 |
| Square foot | 3,168 | 1,746.19 |
| Lot Size | 6,025 | 5,449.254 |
| Price | $2.80M | $1.77M |
| Price per sq ft | $884 | $1.0K |
| Built year | 1923 | 1962 |
| HOA | $0 | $20 |
| Days on market | 48 | 51 |
Jul 23, 2026
$2,800,000
Initial Listing