240 The 310, Redondo Beach, California 90277, Redondo Beach, 90277 - 2 bed, 2 bath
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Redondo Beach, California 90277
This Turnkey Income-Generating Condominium is listed at $1,375,000, positioned below the $1,386,021 Fair Market Value by 1%. Featuring a Condition Rating of 3, the residence includes a Granite Kitchen, Soaring Ceilings, and dual en-suite bedrooms. The property serves as a stabilized asset, currently leased at $4,000/month through September 2027, providing guaranteed rental income and financial stability. Located within the Alta Vista Elementary (9/10) boundary and minutes from the Redondo Beach Pier, it ensures long-term desirability. This is a premier opportunity for 1031 Exchange Investors or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 240 The 310 Subject | $1,350,000* List Price | 2 | 2 | 1,136 | $1,021 | - |
A 555 Esplanade 320 Sold | $950,000 | 2 | 2 | 1,065 | $892 | 0.2 mi |
B 555 Esplanade 520 Sold | $950,000 | 2 | 2 | 1,065 | $892 | 0.2 mi |
C 625 Esplanade 63 Sold | $1,160,000 | 3 | 2 | 1,344 | $863 | 0.2 mi |
D 510 The Village 307 Sold | $1,400,000 | 2 | 2 | 1,458 | $960 | 0.6 mi |
E 535 Esplanade Active | $1,675,000 List Price | 2 | 3 | 1,223 | $1,370 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant updates including granite countertops, stainless steel appliances, and modern laminate or wood flooring. While the structure dates back to 1978, the interior has been well-maintained and renovated within a timeframe that aligns with 'good' criteria, showing minimal wear and tear and functional, updated systems suitable for its current high-value lease.
Elementary School: Alta Vista Elementary School (9/10).
Situated within walking distance of the Redondo Beach Pier, marina, and waterfront dining, this property offers an exceptional South Bay lifestyle and high long-term desirability.
The thoughtful two-level floor plan features en-suite bedrooms on separate floors, providing maximum privacy and flexibility for roommates, guests, or a home office.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The long-term lease agreement prevents traditional homebuyers from occupying the residence as a primary home for several years.
Built in 1978, the property and community may require more frequent maintenance or future capital improvements compared to newer coastal developments.
**Updated with Photos!!** Soaring ceilings, ocean breezes and coastal living just minutes from the beach and the iconic Redondo Beach Pier. This bright and spacious condominium in the heart of Redondo Beach offers an airy open layout filled with natural light and architectural charm. The dramatic living room features double-height ceilings, expansive windows and a cozy fireplace that anchors the space. The thoughtfully designed two-level floor plan includes dual en-suite bedrooms, with one located on the main level and another upstairs, creating ideal privacy and flexibility for guests, roommates or a peaceful primary retreat. An enclosed sunroom creates a versatile bonus area ideal for a reading lounge, workspace or relaxed sitting area while enjoying peaceful community views. Just outside, a private balcony provides the perfect spot to enjoy fresh ocean breezes or morning coffee. The kitchen is appointed with granite countertops, abundant cabinetry and a functional layout that flows easily into the living space for everyday living and entertaining. Additional highlights include spacious bedrooms, charming French doors and thoughtful design details throughout. Located walking distance from the beach, marina, waterfront dining, shops and entertainment- this home offers an incredible opportunity to experience the vibrant South Bay coastal lifestyle. **Currently leased at $4,000/month with wonderful tenants that would prefer to stay, lease is in place until September 2027. This is an excellent opportunity for an investor or 1031 exchange.**
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,136 | 1,256 | 49% |
| Lot Size | 146,629 | 80,533 | 54% |
| Price | $1.35M | $1.02M | 83% |
| Price per sq ft | $1.2K | $806 | 80% |
| Built year | 1978 | 1971 | 80% |
| HOA | $551.0 | $644 | 34% |
| Days on market | 48 | 197 | 9% |
Apr 4, 2026
$1,350,000
$1,375,000
-2% Price Drop
Initial Listing
Mar 5, 2026
$1,375,000
Initial Listing
Mar 22, 2022
$1,048,000
Public Record
Oct 30, 2015
$695,000
Public Record
May 13, 2014
$600,000
Public Record
Nov 30, 1999
$296,000
Public Record
Sep 22, 1997
$230,000
Public Record