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$4,195,000
OC26003145 MLS ⋅ Active Status
***Price Reduced $155,000***This 7-unit apartment community offers investors desirable amenities and an exceptional location within Redondo Beach in the South Bay. The property features a diverse unit mix of three, two & onebedroom units with functional layouts that consistently attract long-term tenants. Residents benefit from onsite laundry and individual garages. The residences in the rear further distinguish themselves with select townhouse units and large private patios, offering a more spacious, modern living experience. This combination of location, design, and amenities ensures strong renter demand and positions the property for substantial rent and income growth as units are modernized and brought to market levels. • 6 of 7 units have been renovated to different states that include: new plumbing, electrical panels, kitchens, bathrooms, flooring, and hardware. • Demand Tailwinds: The severe monthly cost differential between renting ($3,550 avg.) and owning ($11,248 avg.) in Redondo Beach underscores ongoing renter demand, especially among workforce households priced out of homeownership. • Proven Rent Growth: Historical rent growth in Redondo Beach has been both strong and resilient, with continued increases forecast through the end of the decade. • With affordability challenges driving sustained renter demand, and historical trends pointing toward ongoing rent appreciation, Park Promenade provides investors a compelling opportunity for both near-term value creation and long-term growth. • 100% occupied. well-managed, & maintained • Individual garages & select private patios • Excellent unit mix of 3, 2 & 1 bedroom units • New electrical panels

502 N Elena Avenue Unit 1-7, Redondo Beach
$1,685,000
2 Beds ⋅ 3 Baths ⋅ PW25235038 MLS ⋅ Active Status
Forever Views, Unmatched Coastal Luxury It’s all about the views—and these are truly forever! Enjoy panoramic vistas of the ocean, sand, sunset, harbor, city, and mountains from this beautifully remodeled 2-bedroom, 2 1/2-bath waterfront condo in the heart of Redondo Beach. Just steps from the sand and surf, this home delivers the ultimate in Southern California coastal living. Step inside to discover a bright, open-concept design that seamlessly connects the living, dining, and kitchen areas to a generous outdoor patio—perfect for entertaining or simply soaking in the spectacular views. The gourmet kitchen features sleek quartz countertops, stainless steel appliances, a wine fridge, and custom cabinetry that perfectly blend style and function. Relax in the inviting living room by the LED fireplace, or open the floor-to-ceiling sliders on both levels to let in the refreshing ocean breeze and natural light. The primary suite offers a spa-inspired bathroom with a luxurious jet tub and walk-in shower, while the guest bedroom includes its own beautifully appointed bath. Additional highlights include two-car tandem parking in a secure garage and convenient storage. Located within the prestigious Ocean Plaza, a gated community offering direct beach and bike path access, pool, spa, sauna, fitness center, clubhouse, and event room—everything you need for resort-style living. Just a short stroll to Redondo’s finest beaches, shops, and gourmet dining, this exceptional home makes every day feel like a vacation.

531 Esplanade Unit 713, Redondo Beach
$7,195,000
SB25228698 MLS ⋅ Active Status
This exceptional 11-unit apartment building is being offered for the first time in over 30 years and is located just one minute from the ocean in one of Southern California’s most prestigious and highly sought-after beach communities. The property features a balanced unit mix of 5 two-bedroom/one-bath units, 5 one-bedroom/one-bath units, and 1 studio unit, with all units occupied except the studio, ensuring strong and stable tenancy. Investors will appreciate 10 attached garage spaces with alley access, individually metered utilities for each unit, and the absence of city rent control, providing both efficiency and flexibility in operations. With a pro forma cap rate of approximately 3% and an unbeatable location that ensures consistent long-term demand, this asset presents a once-in-a-lifetime opportunity to acquire a generational trophy property in one of Southern California’s best-performing coastal markets.

1505 S Catalina, Redondo Beach

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.