2005 Phelan Ln Redondo Beach, CA 90278
North Redondo Beach NeighborhoodEstimated payment $6,129/month
Highlights
- Popular Property
- No HOA
- Park
- Madison Elementary School Rated A+
- Ductless Heating Or Cooling System
- Laundry Room
About This Home
A fully updated 3-bedroom, 1-bath home in North Redondo Beach offering a rare combination of modern living, investment potential, and dual-use zoning. Recently renovated with new flooring, a refreshed bathroom, and a remodeled kitchen featuring stainless steel appliances and upgraded cabinetry, this home is stylish, functional, and move-in ready.
This property comes fully furnished and set up as a turn-key rental, providing immediate income potential for investors. With its grandfathered residential/commercial zoning, the opportunities are endless—use it as a primary residence, short- or long-term rental, live/work space, or operate a small business.
Situated on a private lot with outdoor space for entertaining or relaxing, the home is just minutes from award-winning Redondo schools, shopping, dining, and world-class beaches.
Whether you’re seeking a charming coastal home, a ready-made furnished rental, or a versatile live/work investment, 2005 Phelan Lane is a one-of-a-kind South Bay gem.
Listing Agent
MOR REALTY Brokerage Phone: 866-937-6676 License #01442047 Listed on: 09/26/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,369
Year Built
- Built in 1946
Lot Details
- 2,750 Sq Ft Lot
- Density is up to 1 Unit/Acre
Home Design
- Entry on the 1st floor
Interior Spaces
- 958 Sq Ft Home
- 1-Story Property
- Ceiling Fan
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Laundry Located Outside
- Dryer
- Washer
Utilities
- Ductless Heating Or Cooling System
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Legal Lot and Block 24 / 29
- Tax Tract Number 2
- Assessor Parcel Number 4153005023
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- Property is near a preserve or public land
Recreation
- Park
- Dog Park
- Bike Trail
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,369 | $1,061,207 | $848,966 | $212,241 |
| 2024 | $12,369 | $1,040,400 | $832,320 | $208,080 |
| 2023 | $12,143 | $1,020,000 | $816,000 | $204,000 |
| 2022 | $9,256 | $756,847 | $746,336 | $10,511 |
| 2021 | $9,013 | $742,007 | $731,702 | $10,305 |
| 2019 | $7,829 | $632,562 | $505,634 | $126,928 |
| 2018 | $7,610 | $620,160 | $495,720 | $124,440 |
| 2016 | $6,021 | $475,000 | $475,000 | $0 |
| 2015 | $1,048 | $37,481 | $18,332 | $19,149 |
| 2014 | $1,037 | $36,747 | $17,973 | $18,774 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/26/2025 09/26/25 | For Sale | $974,000 | 0.0% | $1,017 / Sq Ft | |
| 03/13/2023 03/13/23 | Rented | $3,550 | +1.4% | -- | |
| 02/13/2023 02/13/23 | For Rent | $3,500 | 0.0% | -- | |
| 11/25/2015 11/25/15 | Sold | $475,000 | +3.3% | $496 / Sq Ft | View Prior Sale |
| 10/26/2015 10/26/15 | Pending | -- | -- | -- | |
| 10/13/2015 10/13/15 | For Sale | $460,000 | 0.0% | $480 / Sq Ft | |
| 10/11/2015 10/11/15 | Pending | -- | -- | -- | |
| 10/01/2015 10/01/15 | Price Changed | $460,000 | -4.2% | $480 / Sq Ft | |
| 08/12/2015 08/12/15 | Price Changed | $480,000 | -9.4% | $501 / Sq Ft | |
| 06/30/2015 06/30/15 | Price Changed | $530,000 | -3.6% | $553 / Sq Ft | |
| 05/31/2015 05/31/15 | For Sale | $550,000 | 0.0% | $574 / Sq Ft | |
| 05/28/2015 05/28/15 | Pending | -- | -- | -- | |
| 05/05/2015 05/05/15 | For Sale | $550,000 | -- | $574 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Wfg National Company | |
| Grant Deed | -- | First American Title Company | |
| Deed | $58,460 | None Available | |
| Grant Deed | $475,000 | Pacific Coast Title | |
| Interfamily Deed Transfer | -- | First American | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $637,500 | No Value Available | |
| Previous Owner | $475,000 | Construction | |
| Previous Owner | $427,000 | Purchase Money Mortgage | |
| Previous Owner | $544,185 | FHA |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: GD25220143
APN: 4153-005-023
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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