18218 Mansel Avenue, Redondo Beach, California 90278, Redondo Beach, 90278 - bed, bath

18218 Mansel Avenue, Redondo Beach, California 90278 home-pic-0
ACTIVE$2,198,888
18218 Mansel Avenue, Redondo Beach, California 90278
0Bed
0Bath
3,250Sqft
6,004Lot
Year Built
2023
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$677
HOA
-
Days on market
-
Sold On
-
MLS number
OC25145327
Home ConditionExcellent
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.20M(93th), sqft - 3250(71th), beds - undefined(50th), baths - undefined(50th).

Turn-Key Income Property in Prime East Redondo Beach Incredible investment opportunity in the sought-after El Nido neighborhood. This 3,200 sq ft property includes two brand-new construction homes (completed end of 2023) and a fully remodeled front house (renovated in 2023)—ideal for investors seeking strong rental income with minimal future maintenance. All units feature brand-new central heating and air systems. The two newly built rear homes offer mirror layouts with spacious, loft-style open floor plans, modern kitchens, premium appliances, solar panels, and stylish finishes throughout. Each unit includes a luxurious primary suite with dual-sink vanities, walk-in closets, and elegant secondary bedrooms with private full baths. The front home includes 2 bedrooms and 2 baths, fully renovated with wide-plank floors, new windows, and an airy, open-concept kitchen and living space. Western exposure brings in natural light, sea breezes, and striking sunset views. In-unit laundry and off-street parking complete the appeal. Additional highlights: Permit ready to pull for adding a second floor to the front unit for additional income Near market rents with strong cap rate Low-maintenance, high-quality construction Brand-new central HVAC in all units Walkable to shopping, restaurants, and the South Bay Galleria Minutes from Redondo Beach and freeway access Don’t miss this rare chance to own a beautifully built, high-performing asset in one of the South Bay’s most desirable neighborhoods.

Price History

Date
Event
Price
07/18/22
Sold
$950,000
Condition Rating
Excellent

The property consists of two newly built homes and a fully renovated front house, all completed in 2023. The images show modern kitchens with premium appliances and stylish bathrooms. The description highlights new central heating and air systems, wide-plank floors, and new windows. Overall, the property appears to be in excellent condition with high-quality construction and finishes.
Pros & Cons

Pros

New Construction/Renovation: The property features two brand-new construction homes and a fully remodeled front house, minimizing immediate maintenance concerns and maximizing appeal to tenants.
Income Potential: This is a turn-key income property with near market rents and a strong cap rate, offering immediate and substantial rental income.
Prime Location: Located in the desirable El Nido neighborhood of East Redondo Beach, walkable to shopping, restaurants, and the South Bay Galleria, and minutes from Redondo Beach and freeway access.
Modern Amenities: All units feature brand-new central heating and air systems, modern kitchens, premium appliances, solar panels, and stylish finishes.
Expansion Potential: Permit ready to pull for adding a second floor to the front unit, offering the potential for increased income and property value.

Cons

Lot Size: The lot size is relatively small at 6,004 sq ft, which may limit outdoor space and future development options beyond the existing structure.
Price Point: The list price of $2,198,888 is relatively high, which may limit the pool of potential buyers and require a significant investment.
Competition: The Redondo Beach area has a competitive real estate market, and potential buyers may have other investment options to consider.

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