502 N Elena Avenue, Redondo Beach, CA 90277
Local realty services provided by:CENTURY 21 Affiliated
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:54 day(s) ago
- Updated:March 02, 2026 at 03:06 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
- Open Thu, 12 to 2pmNew
$1,849,000Active3 beds 3 baths1,881 sq. ft.611 N Lucia #B, Redondo Beach, CA 90277
MLS# SB26029249Listed by: VISTA SOTHEBYS INTERNATIONAL REALTY - New
$1,850,000Active4 beds 5 baths2,333 sq. ft.2018 Grant Avenue #C, Redondo Beach, CA 90278
MLS# CRSB26014239Listed by: THOMPSON TEAM REAL ESTATE, INC. - New
$650,000Active1 beds 1 baths709 sq. ft.601 S Prospect #103, Redondo Beach, CA 90277
MLS# OC26043577Listed by: HOMESMART, EVERGREEN REALTY - Open Thu, 12 to 2pmNew
$2,495,000Active3 beds 2 baths1,650 sq. ft.214 Calle De Sirenas, Redondo Beach, CA 90277
MLS# PV26043430Listed by: BEACH CITY BROKERS - New
$650,000Active1 beds 1 baths709 sq. ft.601 S Prospect #103, Redondo Beach, CA 90277
MLS# CROC26043577Listed by: HOMESMART, EVERGREEN REALTY - New
$999,000Active2 beds 2 baths1,165 sq. ft.1410 Stanford Avenue #A, Redondo Beach, CA 90278
MLS# CRSB26042421Listed by: ESTATE PROPERTIES - New
$2,475,000Active9 beds 6 baths3,571 sq. ft.2114 Clark Lane, Redondo Beach, CA 90278
MLS# 26657255Listed by: SHIELD CRE, INC. - New
$999,000Active2 beds 2 baths1,165 sq. ft.1410 Stanford Avenue #A, Redondo Beach, CA 90278
MLS# SB26042421Listed by: ESTATE PROPERTIES - New
$1,525,000Active2 beds 2 baths1,800 sq. ft.420 Esplanade #4, Redondo Beach, CA 90277
MLS# ML82036336Listed by: CORCORAN ICON PROPERTIES - New
$1,699,000Active4 beds 3 baths2,130 sq. ft.1836 Rockefeller Lane, Redondo Beach, CA 90278
MLS# SB26035560Listed by: COMPASS