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312 N Prospect Avenue, Redondo Beach, California 90277, Redondo Beach, 90277 - 4 bed, 3 bath

312 N Prospect Avenue, Redondo Beach, California 90277 home-pic-0
ACTIVE$1,699,000
312 N Prospect Avenue, Redondo Beach, California 90277
4Beds
3Baths
2,121Sqft
6,263Lot
Year Built
1960
Close
-
List price
$1.7M
Original List price
$2M
Price/Sqft
$801
HOA
-
Days on market
-
Sold On
-
MLS number
SB25084835
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 30% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.70M(26th), sqft - 2121(58th), beds - 4(51th), baths - 3(51th).

PRICE IMPROVEMENT!!! Welcome to 312 N. Prospect! Consisting of 4 beds, 2.5 baths, 2388 SF (BTV) this charming beach property has been recently enhanced with new interior paint, refinishing of the interior flooring, front landscaping, new carpet in rear bedroom and new gate. Inside has a spacious family room with fireplace, breakfast/dining area and an open kitchen with stainless appliances. A small outdoor space allows for natural light into the unit. The back part of the house includes a separate entrance, open family room with a kitchenette. This space can be used as a flex room or oversized office. Private rear yard with hardscape for entertaining and a covered pergola. Upstairs is a large 4th bedroom or can be used as a flex room. Laundry located in the two car garage with two car parking in the driveway and the ability to block the driveway, giving a valuable five car onsite parking. Potential opportunity to use the rear portion of the house for a rental opportunity with separate access and help offset the mortgage! Within a short walk to Award Winning Redondo Union High School, in close proximity to the beach. Don't miss out!!!

Nearby schools

8/10
Towers Elementary School
Public,•K-5•0.5mi
8/10
Victor Elementary School
Public,•K-5•0.7mi
9/10
Anza Elementary School
Public,•K-5•1.1mi
9/10
Alta Vista Elementary School
Public,•K-5•1.3mi
9/10
Tulita Elementary School
Public,•K-5•1.7mi
9/10
Seaside Elementary School
Public,•K-5•2.0mi
8/10
Riviera Elementary School
Public,•K-5•2.7mi
8/10
Bert M. Lynn Middle School
Public,•6-8•0.8mi
8/10
Jefferson Middle School
Public,•6-8•1.5mi
7/10
Calle Mayor Middle School
Public,•6-8•2.3mi
8/10
Edward J. Richardson Middle School
Public,•6-8•2.6mi
9/10
West High School
Public,•9-12•0.6mi
9/10
South High School
Public,•9-12•2.6mi

Price History

Date
Event
Price
02/28/08
Sold
$763,000
Condition Rating
Fair
Built in 1960, this property has received recent cosmetic enhancements including new interior paint, refinished flooring, and new carpet in one bedroom. The kitchen features stainless steel appliances but the cabinetry and countertops appear dated. Bathrooms are clean and functional but also show outdated styles with older tile and fixtures. While well-maintained and move-in ready, the property requires minor updates to the kitchen and bathrooms to meet current aesthetic standards, aligning with the 'fair' condition criteria for an aged home with regular upkeep but outdated major components.
Pros & Cons

Pros

Great Schools: Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
Income/Flexibility Potential: The property features a separate entrance, kitchenette, and flexible living spaces, offering significant potential for rental income or multi-generational living.
Desirable Location: Situated in Redondo Beach, within walking distance to the award-winning Redondo Union High School and in close proximity to the beach.
Recent Cosmetic Updates: Benefits from recent enhancements including new interior paint, refinished flooring, front landscaping, new carpet, and a new gate, improving immediate appeal.
Ample Onsite Parking: Offers substantial parking with a two-car garage, two-car driveway, and the ability to block the driveway for a total of five onsite parking spaces.
Functional Layout & Features: Includes a spacious family room with a fireplace, an open kitchen with stainless appliances, and a private rear yard with hardscape and a covered pergola for entertaining.

Cons

Significant Overpricing: The current list price of $1.699M is considerably higher than the property's estimated value of $1.18M, and a prior price reduction from $1.995M indicates market resistance.
Lack of Desirable Views: Unlike some comparable properties in the area, this property does not offer ocean, city, or panoramic views, which can impact market value in a coastal community.
Older Construction: Built in 1960, the property's age suggests potential for older systems or a need for more extensive modern updates beyond cosmetic improvements to fully compete with newer constructions.

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