23
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$2,450,000
Est. payment /mo
4,368 SqFt
Pending
116 N Helberta Avenue Redondo Beach, CA 90277
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,368 sqft
Price per Sqft $560
MLS Listing ID CRSB25192795
HOA Y/N No
Year Built 1964
Lot Size 6,232 Sqft
Acres 0.14
Property Sub-Type Other
Property Description
A rare investment opportunity in the heart of South Redondo. This 6-unit apartment property is situated within blocks of the beach, Redondo Union High, Parras Middle School, and restaurants and shopping along Torrance Blvd and PCH. The units are divided evenly between two buildings: 116 N Helberta Ave on the west side and 812 Spencer St on the east side. Each unit offers 2 bedrooms and 1 bathroom, with the ground-floor residences enjoying the most generous square footage and common patio space between the buildings. The property features (6) 1-car garages, along with driveway apron space accommodating 6+ additional vehicles—a valuable amenity in this coastal location. Investors may consider the soft-story garages for conversion to ADU space. There is a shared coin-op laundry room on the ground floor of the Helberta building. Currently generating $149,520 in annual gross income, the property offers significant upside with a proforma of $237,600, representing a 37% rent growth potential after large-scale renovations. With strong in-place income, excellent parking, and compelling rental upside, this offering presents investors with both immediate returns and long-term value in a highly desirable Redondo Beach neighborhood.
Location
State CA
County Los Angeles
Zoning RBR-
Interior
Fireplace No
Laundry Common Area, Laundry Room
Building
Lot Description Irregular Lot, Level
New Construction No
Others
Tax ID 7504012025
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Listed by Alex Smith • eXp Realty of California Inc
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289