2927 S Redondo Boulevard, Los Angeles, California 90016, Los Angeles, 90016 - bed, bath
ACTIVE$2,999,900
2927 S Redondo Boulevard, Los Angeles, California 90016
0Bed
0Bath
5,138Sqft
6,902Lot
Year Built
2025
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$584
HOA
-
Days on market
-
Sold On
-
MLS number
PW25177795
Home ConditionExcellent
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $3.00M(71th), sqft - 5138(71th), beds - undefined(50th), baths - undefined(50th).
Turnkey income property at 2927 S Redondo Blvd—100% occupied with strong cash flow. Features separate gas/electric meters, dedicated parking for each unit, and recent updates. Mid-6% cap rate with upside. Prime location near USC, DTLA & Culver City. Ideal for stable returns and long-term growth.
Nearby schools
6/10
Baldwin Hills Elementary School
Public,•K-5•0.5mi
5/10
Cienega Elementary School
Public,•K-5•0.5mi
6/10
Marvin Elementary School
Public,•K-5•0.6mi
5/10
Virginia Road Elementary School
Public,•K-5•1.1mi
4/10
Alta Loma Elementary School
Public,•K-5•1.6mi
3/10
Sixth Avenue Elementary School
Public,•K-5•2.0mi
3/10
Arlington Heights Elementary School
Public,•K-5•2.2mi
2/10
Audubon Middle School
Public,•6-8•2.1mi
3/10
Johnnie Cochran, Jr., Middle School
Public,•6-8•2.2mi
3/10
Daniel Webster Middle School
Public,•6-8•4.4mi
2/10
Susan Miller Dorsey Senior High School
Public,•9-12•0.8mi
6/10
Alexander Hamilton Senior High School
Public,•9-12•1.8mi
Price History
Date
Event
Price
11/22/25
Price Change
$2,999,900+3.4%
10/11/25
Price Change
$2,899,900-1.4%
10/08/25
Price Change
$2,940,000+900.0%
10/07/25
Price Change
$294,000-90.0%
09/18/25
Price Change
$2,949,000-1.7%
08/06/25
Listing
$2,999,000
08/02/21
Sold
$1,005,000
Condition Rating
Excellent
The property is listed with a 'year_built' of 2025, indicating it is either brand new construction or has undergone a complete, extensive renovation very recently. The description states it is a 'Turnkey income property' with 'recent updates,' which aligns perfectly with the 'excellent' criteria of being newly built or fully renovated within the last 5 years. The exterior images showcase a modern, minimalist design with clean lines, new windows, and contemporary landscaping (artificial turf, concrete pavers). Visible on the roof are multiple modern HVAC units, suggesting new and efficient cooling/heating systems. While interior images of kitchens and bathrooms are not provided, the overall context of a 2025 build year, 'turnkey' status, and modern exterior strongly implies that all interior components, including kitchens and bathrooms, are new, modern, and meet current quality standards with no deferred maintenance.
Pros & Cons
Pros
Exceptional Income Performance: The property is 100% occupied with strong cash flow and boasts a mid-6% cap rate, indicating immediate and stable returns for investors.
Prime Los Angeles Location: Strategically situated near major employment and entertainment hubs like USC, DTLA, and Culver City, ensuring high tenant demand and potential for long-term appreciation.
Tenant-Friendly Amenities: Dedicated parking for each unit and separate gas/electric meters enhance tenant appeal and simplify property management, reducing landlord utility burdens.
Turnkey & Recently Updated: Described as a 'turnkey' property with 'recent updates,' minimizing immediate capital expenditures and allowing for seamless operation.
Modern Construction: The stated year built of 2025 suggests a very new or recently completed construction, implying modern building standards and reduced long-term maintenance.
Cons
Significant Price Appreciation: The current list price of nearly $3M represents a substantial increase from its 2021 sale price of $1.005M, which may raise questions about current market value and potential for further rapid appreciation.
Mixed Local School Ratings: While some elementary schools are highly rated, the presence of lower-rated middle and high schools in the immediate vicinity could be a minor deterrent for certain tenant demographics, particularly families.
Ambiguous Listing Dates: The 'year_built: 2025' and 'on_market_date: 2025-08-06' are future dates, creating an inconsistency in the listing data that may require clarification for potential buyers.