312 N Prospect Avenue, Redondo Beach, California 90277, Redondo Beach, 90277 - 4 bed, 3 bath
312 N Prospect Avenue
Redondo Beach, California 90277
Property Price
SUMMARY
Analysis of 312 N Prospect Avenue, Redondo Beach, California 90277 reveals a Fairly Priced Property with a current list price of $1,599,000 aligned with the estimated $1,599,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Redondo Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 312 N Prospect Avenue Subject | $1,599,000* List Price | 4 | 3 | 2,388 | $670 | - |
A 622 Garnet Street Sold | $2,050,000 | 4 | 4 | 2,592 | $791 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1960, this property is well-maintained but shows its age through dated architectural styles and infrastructure. While it has received recent cosmetic 'enhancements' such as new interior paint, refinished flooring, and new carpet in one bedroom, it has not undergone a full modern renovation. The kitchen features stainless steel appliances but retains older cabinetry and layouts, and the bathrooms appear functional but dated. It meets the 'fair' criteria as an aged home maintained through regular upkeep with major components that are functional but show signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
- Income & Flex Potential
The property features a separate entrance and a kitchenette in the rear portion, providing a turnkey opportunity for rental income to offset the mortgage or a private multi-generational living suite.
- Exceptional Parking Capacity
Rare for a beach community, this home offers up to five onsite parking spaces between the two-car garage and driveway, a significant value-add in a high-density coastal area.
CONSRISKS & DEFICIENCIES
- Dated Infrastructure
Despite recent cosmetic enhancements like paint and flooring, the 1960s construction may still require updates to major systems or layout to meet modern luxury expectations.
- Market Traction Issues
A recent $100,000 price reduction from the original list price suggests the property may have faced challenges with initial market positioning or perceived value relative to condition.
About 312 N Prospect Avenue
Welcome to 312 N. Prospect! Consisting of 4 beds, 2.5 baths, 2388 SF (BTV) this charming beach property has been recently enhanced with new interior paint, refinishing of the interior flooring, front landscaping, new carpet in rear bedroom and new gate. Inside has a spacious family room with fireplace, breakfast/dining area and an open kitchen with stainless appliances. A small outdoor space allows for natural light into the unit. The back part of the house includes a separate entrance, open family room with a kitchenette. This space can be used as a flex room or oversized office. Private rear yard with hardscape for entertaining and a covered pergola. Upstairs is a large 4th bedroom or can be used as a flex room. Laundry located in the two car garage with two car parking in the driveway and the ability to block the driveway, giving a valuable five car onsite parking. Potential opportunity to use the rear portion of the house for a rental opportunity with separate access and help offset the mortgage! Within a short walk to Award Winning Redondo Union High School, in close proximity to the beach. Don't miss out!!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 6,263 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redondo Beach Unified Schools
Towers Elementary School
Grades K-5 • 0.5 mi
Victor Elementary School
Grades K-5 • 0.7 mi
Anza Elementary School
Grades K-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,388 | 2,100 | 53% |
| Lot Size | 6,263 | 6,088 | 59% |
| Price | $1.60M | $2.20M | 18% |
| Price per sq ft | $670 | $1.1K | 8% |
| Built year | 1960 | 1954 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 233 | 176 | 90% |
Pricing History
Listed for Sale
Aug 7, 2025
$1,599,000
Initial Listing
Price Change
Jul 16, 2025
$1,699,000
Initial Listing
Sold
Feb 28, 2008
$763,000
Public Record