413 Faye Lane, Redondo Beach, California 90277, Redondo Beach, 90277 - 4 bed, 2 bath
Loading property details...
413 Faye Lane
Redondo Beach, California 90277
ACTIVE UNDER CONTRACT
CONDITION: FAIR
4Beds
2Baths
2,060Sq Ft
5,783Lot Size
Property Price
LIST PRICE$1,875,000
EST. MARKET VALUE
$1,777,678
5% AboveMARKET VALUE
SUMMARY
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,999,000—positioned above the $1,628,577 Fair Market Value. While the price reflects a premium, the property offers a Condition Rating of 4, featuring a brand-new roof and a 520-square-foot permitted enclosed patio. Located in the prestigious Redondo Unified district with access to 9/10 rated schools like Alta Vista Elementary and West High, this home provides long-term stability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a spacious, well-maintained home in a quiet cul-de-sac.
Estimated Market Value
$1,777,678
Based on Realkey algorithm analyzing recent comparable sales in Redondo Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 413 Faye Lane Subject | $1,875,000* List Price | 4 | 2 | 2,060 | $863 | - |
A 507 Faye Lane Sold | $1,900,000 | 4 | 3 | 2,148 | $885 | 0.1 mi |
B 625 Camino Real Sold | $1,825,000 | 3 | 2 | 1,908 | $956 | 0.3 mi |
C 426 Camino Real Sold | $1,640,000 | 3 | 2 | 2,104 | $779 | 0.3 mi |
D 522 S Francisca Avenue Sold | $1,800,000 | 5 | 2 | 1,547 | $1,164 | 0.5 mi |
E 608 Knob Hill Avenue Sold | $2,038,850 | 3 | 2 | 1,788 | $1,140 | 0.7 mi |
F 1062 Palos Verdes Blvd Sold | $1,875,000 | 4 | 3 | 2,824 | $664 | 0.9 mi |
G 909 Garnet Active | $1,649,999 List Price | 5 | 3 | 1,660 | $994 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1965 and meticulously maintained by the same family for decades, the home is functional but aesthetically dated. The kitchen features white appliances and electric coil cooktops indicative of a renovation older than 20 years. While major systems like the roof (3 months old) and sewer main are excellent, the interior finishes and all-electric setup require modern updates to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
- Significant Bonus Living Space
The property features a 520-square-foot permitted enclosed patio game room not included in the official square footage, providing substantial additional space for entertainment or relaxation.
- Prime Location and Schools
Situated on a quiet cul-de-sac in the desirable Gold Medallion Tract, the home is served by top-rated schools including Alta Vista Elementary and West High School.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2060, other record living area = 1800.
- Lack of Scenic Views
The property does not offer the ocean or city light views that are often highly coveted by buyers in the Redondo Beach coastal market.
- Legacy All-Electric Design
As a 1965 Gold Medallion home, the property was originally designed as all-electric; while gas has been added for the water heater, further upgrades may be needed for buyers preferring gas cooking or heating.
About 413 Faye Lane
A Cherished Hidden Gem that show-cases off-the-chart curb-appeal in the Gold Medallion Tract! Welcome to your peaceful sanctuary, nestled inside a "secret" neighborhood of quiet cul-de-sac streets where the only traffic belongs to your friendly neighbors. Loved and meticulously cared for by the same family since about 1970, this rare 1965 Gold Medallion home wraps you in warmth and nostalgia the moment you step inside.Spanning 2,060 square feet of comfortable living space, the home features 4 spacious bedrooms, and a versatile den perfect for a home office or even a 5th bedroom or?, and 2 bathrooms. Beyond the main footprint lies a fully permitted, 520-square-foot enclosed patio game room—an incredible bonus space not counted in the square footage, ready for family movie nights, game days, or casual weekend hangouts.Enjoy a brand-new roof (just 3 months old), a fully sleeved sewer main, and a whole-house water conditioning system. While these homes are traditionally all-electric, a modern tankless water heater has been installed, bringing convenient gas service directly to the property.Complete with a direct-access 2-car garage and a generous driveway, parking is never an issue in this tranquil enclave. Homes in this tightly held neighborhood rarely become available—don't miss your chance to write the next beautiful chapter in this home's history.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 5,783 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Redondo Beach Unified Schools
Alta Vista Elementary School
Grades K-5 • 0.5 mi
9/10
Anza Elementary School
Grades K-5 • 0.6 mi
9/10
Victor Elementary School
Grades K-5 • 0.9 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.7 |
| Square foot | 2,060 | 1,746.19 |
| Lot Size | 5,783 | 5,449.254 |
| Price | $1.88M | $1.77M |
| Price per sq ft | $910 | $1.0K |
| Built year | 1965 | 1962 |
| HOA | $0 | $20 |
| Days on market | 21 | 51 |
Pricing History
Listed for Sale
Aug 28, 2026
$1,875,000
$1,999,000
-6% Price Drop
Initial Listing
Price Change
Aug 19, 2026
$199,999
Initial Listing
Price Change
Aug 19, 2026
$1,999,000
Initial Listing