Property Detail

Description

Rare income property that doesn't feel like one. Each of the three residences lives more like its own single-family home, offering generous layouts, private living spaces, and character rarely found in today's rental market. Ideal for investors, owner-occupants, or those seeking cash flow and future upside, this versatile property offers exceptional flexibility. The front residence is a charming single-story 2-bedroom, 1-bath cottage with original hardwood floors, vintage built-ins, the original fold-away ironing board, and off-street parking for two vehicles. Beneath Units A and B is a 1,000-square-foot basement with community laundry, tenant storage, and a separate room with a half bath and shower head already installed. With the shower pan and tile work left unfinished, it offers an easy opportunity to complete a full bath and potential for an ADU or fourth income-producing unit, buyer to verify. Built in 1994, the middle residence lives like a 3-bedroom, 2-bath with two bedrooms plus an office. Vaulted ceilings with exposed wood beams, an open living, dining, and kitchen area for entertaining, built-in library shelving, private patio, slight ocean peek, and two covered carport spaces complete the home. Privately tucked away at the rear, the largest residence is a spacious two-story 3-bedroom, 3-bath that lives like a 4-bedroom. The flexible floor plan offers a main-level primary suite, additional bedroom and bath, spacious living and dining areas, rear deck, private yard, attached 3-car garage, and an upstairs loft with another bedroom, bath, open living area, and peek-a-boo ocean views. The attached garage also features a full-width rear workspace, originally used as the owner's office, that houses the washer and dryer and is accessible from the garage and backyard through French doors. Each residence is separately metered for gas, water, and electricity, has forced-air heat, and is protected by a residential fire sprinkler system extending throughout the residences, garages, carports, and basement. Generating approximately $12,000 per month in gross rental income, the property offers immediate cash flow with additional upside through future rent growth and the potential basement conversion, buyer to verify. Parking for up to seven vehicles adds to its rental appeal. Located just six short blocks from the Redondo Beach Pier, King Harbor, the beach, residents enjoy ocean breezes, waterfront dining, shops, parks, bike paths, and the South Bay lifestyle.