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502 N Elena Ave
Redondo Beach, CA 90277 Redondo Beach

$4,195,000 USD

Apartments For Sale  •  4,840 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,840 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1964
  • Cap Rate 3.32 %
  • Zoning RBR-3A
0 Transit Score
92 Walk Score

Highlights

Price Reduced $155,000
100% occupied. well-managed, & maintained
Excellent unit mix of 3, 2 & 1 bedroom units
6 of 7 units have been recently renovated to different states that include: new plumbing, electrical panels, kitchens, bathrooms, flooring & hardware
New electrical panels, Individual garages & Select private patios & ocean views

Property Flyers

Financial Summary (Actual)

Net Operating Income: $139,201 USD (2025)
Cap Rate: 3.32 %
Total Expenses: $81,299 USD

Amenities

  • 24 Hour Access
  • Controlled Access
  • Microwave
  • Tenant Controlled HVAC
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

AirportDriveWalkDistance
Los Angeles International 16 min - 7.8 mi
Long Beach (Daugherty Field) 23 min - 15.3 mi
Bob Hope 48 min - 34.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jonathan Mitchell 714-337-8405 Kidder Mathews
Jonathan Mitchell 714-337-8405 Kidder Mathews