118 S Lucia, Redondo Beach, California 90277, Redondo Beach, 90277 - bed, bath
ACTIVE$2,795,000
118 S Lucia, Redondo Beach, California 90277
0Bed
0Bath
5,124Sqft
6,164Lot
Year Built
1971
Close
-
List price
$2.79M
Original List price
$2.79M
Price/Sqft
$545
HOA
-
Days on market
-
Sold On
-
MLS number
SB25259334
Home ConditionFair
Features
Good View: Ocean
Deck
Spa
ViewOcean
About this home
We found 3 Cons,6 Pros. Rank: price - $2.79M(78th), sqft - 5124(89th), beds - undefined(50th), baths - undefined(50th).
Large 4 unit building. Each townhouse style unit is spacious and features its own private rooftop deck. Located near top rated schools, the beach and a vast selection of shopping and dining options, these units are always in high demand. Units include one 3 bed/2.5bath front unit and three 2/1.5 bath units. The property offers ample parking with three 2 car garages. The garages and the lower level of the 3 bedroom front unit present a potential ADU opportunity (check with the city), which will further increase income. The city of Redondo Beach is subject only to state rent control (AB1482).
Nearby schools
8/10
Victor Elementary School
Public,•K-5•0.7mi
9/10
Anza Elementary School
Public,•K-5•0.8mi
8/10
Towers Elementary School
Public,•K-5•0.9mi
9/10
Alta Vista Elementary School
Public,•K-5•0.9mi
9/10
Tulita Elementary School
Public,•K-5•1.4mi
9/10
Seaside Elementary School
Public,•K-5•1.7mi
8/10
Riviera Elementary School
Public,•K-5•2.3mi
8/10
Bert M. Lynn Middle School
Public,•6-8•1.1mi
8/10
Jefferson Middle School
Public,•6-8•1.3mi
7/10
Calle Mayor Middle School
Public,•6-8•1.9mi
8/10
Edward J. Richardson Middle School
Public,•6-8•2.2mi
9/10
West High School
Public,•9-12•0.7mi
9/10
South High School
Public,•9-12•2.2mi
Price History
Date
Event
Price
11/12/25
Listing
$2,795,000
10/20/93
Sold
$458,000
Condition Rating
Fair
Built in 1971, this property shows signs of age with some dated features like popcorn ceilings and an older-style bathroom vanity and light fixture. While the living room appears to have updated laminate flooring, there's no evidence of a recent, extensive renovation. The lack of kitchen images prevents a full assessment, but based on other visible elements, it's likely functional but not modern. The property is maintained but requires minor updates to meet current aesthetic standards and potentially address older systems, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Great Schools: Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
Prime Coastal Location: Situated in Redondo Beach, the property benefits from proximity to top-rated schools, the beach, and a vast selection of shopping and dining, ensuring high tenant demand.
Strong Income Potential: A large 4-unit townhouse-style building, consistently in high demand, offers robust residential income opportunities.
Significant Value-Add Opportunity: The property presents a potential ADU conversion opportunity from existing garages and a lower level, which could substantially increase future income.
Premium Tenant Amenities: Each spacious townhouse unit features its own private rooftop deck and offers ocean views, enhancing tenant appeal and rental value.
Ample Parking & Favorable Rent Control: The property includes three 2-car garages, providing ample parking, and is subject only to less restrictive state rent control (AB1482).
Cons
Property Age & Potential for Capital Expenditures: Built in 1971, the property is over 50 years old, suggesting potential for dated systems (plumbing, electrical) and finishes that may require significant capital investment for updates or repairs.
Uncertainty of ADU Conversion: The ADU opportunity is contingent on city approval, which could involve unforeseen costs, delays, or regulatory hurdles, making the income increase not immediately guaranteed.
Lack of Specific Interior Updates: While units are spacious, the description does not detail recent interior renovations, implying units may be dated and require upgrades to maximize rental income or attract premium tenants.