
Redondo Beach, California 90277
This Triplex Residential Income property is a High-Potential Investment Opportunity, listed at $2,600,000—positioned slightly above the $2,531,934 Fair Market Value. While the price reflects current market stability, the asset offers significant upside through a 1,000-square-foot basement conversion and $12,000 monthly gross income. With a Condition Rating of 4, the property features fire sprinklers and separate utility metering. Located near top-rated schools like Alta Vista Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 236 S Helberta Subject | $2,600,000* List Price | 0 | 0 | 4,512 | $561 | - |
A 118 S Lucia Active | $2,695,000 List Price | 0 | 0 | 5,124 | $526 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a mix of a 1948 cottage and 1994 construction. While functional and featuring updated safety systems like fire sprinklers and forced-air heat, the kitchens and bathrooms are significantly dated (30+ years old) with older cabinetry and fixtures, requiring modernization to meet current market standards.
Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
Generating approximately $12,000 in monthly gross income, the property features three distinct residences that live like single-family homes, offering rare privacy and high tenant appeal.
The 1,000-square-foot basement with existing plumbing and a half-bath presents a clear opportunity for conversion into a fourth income-producing ADU, providing immediate upside for investors.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7540, other record lot size in square feet = 7630.
The 1948 front cottage may require higher maintenance and eventual modernization to align with the newer 1994 construction of the middle and rear units.
While the property offers peek-a-boo ocean views, they are restricted to specific areas and may not meet the expectations of buyers seeking a primary coastal vista.
Rare income property that doesn't feel like one. Each of the three residences lives more like its own single-family home, offering generous layouts, private living spaces, and character rarely found in today's rental market. Ideal for investors, owner-occupants, or those seeking cash flow and future upside, this versatile property offers exceptional flexibility. The front residence is a charming single-story 2-bedroom, 1-bath cottage with original hardwood floors, vintage built-ins, the original fold-away ironing board, and off-street parking for two vehicles. Beneath Units A and B is a 1,000-square-foot basement with community laundry, tenant storage, and a separate room with a half bath and shower head already installed. With the shower pan and tile work left unfinished, it offers an easy opportunity to complete a full bath and potential for an ADU or fourth income-producing unit, buyer to verify. Built in 1994, the middle residence lives like a 3-bedroom, 2-bath with two bedrooms plus an office. Vaulted ceilings with exposed wood beams, an open living, dining, and kitchen area for entertaining, built-in library shelving, private patio, slight ocean peek, and two covered carport spaces complete the home. Privately tucked away at the rear, the largest residence is a spacious two-story 3-bedroom, 3-bath that lives like a 4-bedroom. The flexible floor plan offers a main-level primary suite, additional bedroom and bath, spacious living and dining areas, rear deck, private yard, attached 3-car garage, and an upstairs loft with another bedroom, bath, open living area, and peek-a-boo ocean views. The attached garage also features a full-width rear workspace, originally used as the owner's office, that houses the washer and dryer and is accessible from the garage and backyard through French doors. Each residence is separately metered for gas, water, and electricity, has forced-air heat, and is protected by a residential fire sprinkler system extending throughout the residences, garages, carports, and basement. Generating approximately $12,000 per month in gross rental income, the property offers immediate cash flow with additional upside through future rent growth and the potential basement conversion, buyer to verify. Parking for up to seven vehicles adds to its rental appeal. Located just six short blocks from the Redondo Beach Pier, King Harbor, the beach, residents enjoy ocean breezes, waterfront dining, shops, parks, bike paths, and the South Bay lifestyle.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 5.0 |
| Square foot | 4,512 | 3,101 |
| Lot Size | 7,540 | 5,003 |
| Price | $2.60M | $1.84M |
| Price per sq ft | $576 | $664 |
| Built year | 1948 | 1986 |
| HOA | $0 | $0 |
| Days on market | 9 | 41 |
Jul 13, 2026
$2,600,000
Initial Listing