502 N Elena Avenue, Redondo Beach, CA 90277
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
502 N Elena Avenue,Redondo Beach, CA 90277
$4,195,000
- 6 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: jonathan mitchell
Office: kidder mathews of california, inc
MLS#:OC26003145
Source:San Diego MLS via CRMLS
Price summary
- Price:$4,195,000
About this home
***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 pat...
Contact an agent
Home facts
- Listing ID #:OC26003145
- Added:173 day(s) ago
- Updated:June 29, 2026 at 02:07 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
Heating and cooling
- Heating:Radiant
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$4,195,000
New listings near 502 N Elena Avenue
- New
$1,299,000Active4 beds 3 baths1,873 sq. ft.2702 Gates Avenue #A, Redondo Beach, CA 90278
MLS# PW26140890Listed by: SEEDERS REAL ESTATE - New
$719,000Active-- beds 1 baths410 sq. ft.620 The Village #302, Redondo Beach, CA 90277
MLS# SB26139454Listed by: REDFIN CORPORATION - New
$1,499,000Active3 beds 3 baths2,015 sq. ft.217 S Helberta Avenue #5, Redondo Beach, CA 90277
MLS# PV26136031Listed by: VISTA SOTHEBY'S INTERNATIONAL REALTY - Coming Soon
$1,275,000Coming Soon3 beds 3 baths2515 Carnegie Lane #A, Redondo Beach, CA 90278
MLS# RS26140222Listed by: FIRST TEAM REAL ESTATE - New
$1,399,000Active4 beds 3 baths1,686 sq. ft.2022 Graham Ave, Redondo Beach, CA 90278
MLS# SB26139601Listed by: LYON STAHL INVESTMENT REAL ESTATE, INC. - New
$1,269,000Active3 beds 4 baths1,970 sq. ft.18426 Mansel, Redondo Beach, CA 90278
MLS# SB26139426Listed by: COLDWELL BANKER REALTY - New
$1,800,000Active3 beds 3 baths1,881 sq. ft.1618 Carver Street, Redondo Beach, CA 90278
MLS# SB26135324Listed by: COMPASS - New
$1,099,000Active3 beds 3 baths1,675 sq. ft.509 Juanita Avenue #5, Redondo Beach, CA 90277
MLS# SB26135976Listed by: ESTATE PROPERTIES - Coming Soon
$1,199,888Coming Soon3 beds 3 baths2728 Ralston, Redondo Beach, CA 90278
MLS# OC26138885Listed by: IS LUXURY OF CALIFORNIA - Coming Soon
$1,750,000Coming Soon5 beds 2 baths522 S Francisca Avenue, Redondo Beach, CA 90277
MLS# SB26135826Listed by: ESTATE PROPERTIES