502 N Elena Avenue 1-7

Redondo Beach, CA
$ 4,195,000 Beds 0 Baths 1 Sq 4,840
Monthly Estimate* How much can I afford?

***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

Active

  • Price
  • $ 4,195,000
  • City
  • Redondo Beach
  • Bedrooms
  • 0
  • Full Bathrooms
  • 1
  • County
  • Los Angeles
  • Half Bathrooms
  • 0
  • Area
  • S Redondo Bch W of PCH
  • Lot Size
  • 0.1381 Acres
  • Zip
  • 90277
  • Sqr Footage
  • 4,840
  • Year Built
  • 1964
  • Style
  • MLS#
  • OC26003145
Listed By: Jonathan Mitchell with Kidder Mathews of California, Inc; jon.mitchell@kidder.com
Data Source: California Regional MLS (CRMLS)

Features

General

Sewer PublicSewer
Heating Radiant
Garage Spaces 10
Pool Features None
Year Built 1964
Tenant Pays CableTv,Electricity,Gas
Stories Count 2
Levels Two
Unit Number 1-7
Property Subtype Apartment
Gross Income 988
Community Features Biking,Curbs,Park
County Los Angeles
Net Operating Income 139302
Operating Expense 80699
Insurance Expense 10427
New Construction false
Property Type ResidentialIncome
HOA false
MaintenanceExpense 3612
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions West of PCH & North of Beryl
City Redondo Beach
Entry Location Street
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 7
MLS Area 157 - S Redondo Bch W of PCH
Lot Size Units SquareFeet
Lot Size Square Feet 6017
Number of Units Leased 10
Listing Terms Cash,CashToNewLoan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 636
Trash Expense 2645
Water Sewer Expense 2701
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 34
Total Actual Rent 18741
Property Sub Type Additional Apartment
Taxes 45989
Cap Rate 3.32
PostalCity REDONDO BEACH

Interior Features

Total Stories 2
Common Walls TwoCommonWallsOrMore
Heating Y/N true
Laundry Features CommonArea
Entry Level 1

Exterior Features

Parking Features Assigned
Lot Features SixToTenUnitsAcre
Water Source Public
Total Parking 12
Lot Size Area 6017
Number of Buildings 2
Spa false
Building Area Total 4840
Lot Size Acres 0.1381
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 7
Number of Separate Gas Meters 7
Number of Separate Electric Meters 7

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Temecula, CA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

1/28/2026 Listed $4,350,000
2/18/2026 4% - $4,195,000

Property vs Zip Code Average in 90277

Price
AVG $3.43M
$4.2M
Year Built
AVG 1962
1964

Areas That We Cover

502 N Elena Avenue 1-7 Redondo Beach, CA is a Single Family Home for sale at $4195000 with 4840 sqft and a lot size of 0.1381 Acres Acre(s). 502 N Elena Avenue 1-7 Redondo Beach has 0 bedrooms, 1 baths and was built in 1964. The property's zip code is 90277 which is in Redondo Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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