502 N Elena Avenue, Redondo Beach, CA 90277
Local realty services provided by:ERA Donahoe Realty
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:67 day(s) ago
- Updated:March 15, 2026 at 02:14 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
$1,399,000Active4 beds 2 baths1,539 sq. ft.1004 Firmona, Redondo Beach, CA 90278
MLS# AR26056052Listed by: COLDWELL BANKER ENVISION - Open Sun, 1 to 4pmNew
$1,865,000Active4 beds 3 baths2,146 sq. ft.619 Beryl Street, Redondo Beach, CA 90277
MLS# ML82038630Listed by: INTERO REAL ESTATE SERVICES - New
$1,675,000Active2 beds 3 baths1,223 sq. ft.535 Esplanade #601, Redondo Beach, CA 90277
MLS# SB26050178Listed by: KANE COMMERCIAL REAL ESTATE - New
$1,321,000Active2 beds 2 baths1,458 sq. ft.510 The Village #203, Redondo Beach, CA 90277
MLS# SB26054771Listed by: REDFIN CORPORATION - New
$1,321,000Active2 beds 2 baths1,458 sq. ft.510 The Village #203, Redondo Beach, CA 90277
MLS# SB26054771Listed by: REDFIN CORPORATION - Open Sun, 1 to 4pmNew
$1,559,000Active3 beds 2 baths2,104 sq. ft.426 Camino Real, Redondo Beach, CA 90277
MLS# SB26053252Listed by: COMPASS - Open Sun, 1 to 4pmNew
$1,450,000Active2 beds 3 baths1,400 sq. ft.1301 S Catalina #L, Redondo Beach, CA 90277
MLS# SB26032303Listed by: VISTA SOTHEBYS INTERNATIONAL REALTY - Open Sun, 1 to 4pmNew
$1,600,000Active4 beds 3 baths1,594 sq. ft.907 Diamond Street, Redondo Beach, CA 90277
MLS# SB26052980Listed by: COMPASS - Open Sun, 1:30 to 4:30pmNew
$649,000Active2 beds 2 baths895 sq. ft.1108 Camino Real #306, Redondo Beach, CA 90277
MLS# SB26054186Listed by: ESTATE PROPERTIES - New
$649,000Active2 beds 2 baths895 sq. ft.1108 Camino Real #306, Redondo Beach, CA 90277
MLS# SB26054186Listed by: ESTATE PROPERTIES