$1,299,000

Estimated payment $7,614/month

Total Views 750
8 Beds
4 Baths
2,800 Sq Ft
$464 Price per Sq Ft

Highlights

  • Popular Property
  • No HOA
  • Tile Flooring
  • Edison Elementary School Rated A-
  • Laundry Room
  • 3-minute walk to El Nido Park

About This Home

Prime Corner Lot Duplex in Redondo Beach P.O. – Managed by City of Torrance. Don't miss this rare opportunity to own a well-located corner lot duplex in the desirable Redondo Beach Post Office area, under the jurisdiction of the City of Torrance. This income-producing property offers an ideal unit mix with strong rental potential and future development upside. One of the two units was tastefully remodeled in 2019, featuring a modern open-concept kitchen with white shaker cabinets, quartz countertops, and a subway tile backsplash—a perfect blend of functionality and style. With its strategic location, solid bones, and potential for land development or increased rental income, this property is ideal for both investors and owner-occupants looking to maximize value in a high-demand neighborhood.

Listing Agent

Andy Tseng

The Realestate Group Brokerage Phone: 310-913-1268 License #01899224 Listed on: 09/13/2025

The Realestate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,310

Year Built

  • Built in 1964

Lot Details

  • 7,454 Sq Ft Lot
  • 1 Common Wall
  • Back and Front Yard

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,800 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 29
  • Tax Tract Number 650
  • Assessor Parcel Number 4083008017

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Trash Expense $840
  • Water Sewer Expense $1,600
  • Operating Expense $26,100
  • Gross Income $87,000
  • Net Operating Income $60,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,310

Year Built

Built in 1964

Lot Details

0

Parking

3

Listing Details

  • CapRate: 4.69
  • Price Per Unit: 649500
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 1600.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 4083008017
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 463.93
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 7454.00
  • Lot Size Acres: 0.1711
  • Latitude Manual: 33.86201500

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 87000.00
  • Gross Multiplier: 14.93
  • Gross Scheduled Income: 87000.00
  • Lot Size Area: 7454.0000 Square Feet
  • Net Operating Income: 60900.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 26100.00
  • Rent Control: No
  • Total Expenses: 26100.00

Tax Info

  • Tax Lot: 29
  • Tax Tract Number: 650...

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $8,310 $707,449 $469,140 $238,309
2024 $8,310 $693,579 $459,942 $233,637
2023 $8,161 $679,980 $450,924 $229,056
2022 $8,053 $666,648 $442,083 $224,565
2021 $7,909 $653,577 $433,415 $220,162
2019 $7,685 $634,193 $420,560 $213,633
2018 $7,375 $621,759 $412,314 $209,445
2016 $7,033 $597,617 $396,304 $201,313
2015 $6,881 $588,642 $390,352 $198,290
2014 $6,709 $577,112 $382,706 $194,406
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2025 09/13/25 For Sale $1,299,000 -- $464 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25216600

California Regional Multiple Listing Service (CRMLS)

APN: 4083-008-017