Property Details
About this Property
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 challen
MLS Listing Information
MLS #
CROC26003145
MLS Source
California Regional MLS
Days on Site
2
Interior Features
Laundry
Community Facility
Heating
Radiant
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 10 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 10 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
502 N Elena Ave is a Residential Income in Redondo Beach, CA 90277. This – square foot property sits on a 6,017 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,350,000 and was built in 1964. This address can also be written as 502 N Elena Ave, Redondo Beach, CA 90277.
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This listing information is up-to-date as of January 06, 2026. For the most current information, please contact Jonathan Mitchell
