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

312 N Prospect Avenue, Redondo Beach, California 90277 home-pic-0
ACTIVE$1,699,000
312 N Prospect Avenue, Redondo Beach, California 90277
0Bed
0Bath
2,388Sqft
6,263Lot
Year Built
1960
Close
-
List price
$1.7M
Original List price
$1.8M
Price/Sqft
$711
HOA
-
Days on market
-
Sold On
-
MLS number
SB25121020
Home ConditionFair
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 27% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.70M(26th), sqft - 2388(63th), beds - undefined(3th), baths - undefined(3th).

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. Potential opportunity to use the rear portion of the house for a rental with separate access and help offset the mortgage! Private rear yard with hardscape for entertaining and a covered pergola. The 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. 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, the property has received recent cosmetic enhancements such as new paint, refinished flooring, and new carpet, making it move-in ready. However, the main kitchen features dated tile countertops, painted older cabinets, and a mix of appliance styles (some stainless, some older white/black). The secondary kitchenette is basic and also appears dated. While the bathroom has been cosmetically updated, these elements indicate that major components show signs of being outdated, aligning with a 'Fair' condition where the home is aged but maintained through regular upkeep and occasional updates, rather than a comprehensive recent renovation.
Pros & Cons

Pros

Great Schools: Elementary School: Alta Vista Elementary School (9/10). High School: West High School (9/10).
Income Potential / Flexible Layout: The property features a separate rear portion with its own entrance and kitchenette, offering potential for rental income, a dedicated office, or multi-generational living.
Prime Location & School District: Located within a short walk to the award-winning Redondo Union High School and in close proximity to the beach, enhancing desirability and long-term value.
Recent Cosmetic Enhancements: Recently updated with new interior paint, refinished flooring, new carpet in a rear bedroom, and refreshed front landscaping, contributing to a move-in ready appeal.
Ample Onsite Parking: Offers a valuable five-car onsite parking capacity, including a two-car garage and driveway space, which is a significant advantage in the area.
Private Outdoor Living Space: Features a private rear yard with hardscape and a covered pergola, ideal for entertaining and outdoor relaxation.

Cons

Significant Overpricing: The current list price of $1.699M is considerably higher than the estimated property value of $1.232M, potentially deterring buyers and indicating a challenging valuation.
Property Age: Built in 1960, the property is over 60 years old, which may imply potential for older systems or components that could require future maintenance or upgrades beyond recent cosmetic work.
Extended Market Time / Price Reduction: The 'PRICE IMPROVEMENT' and the property being on the market since May 30th suggest it may have faced challenges attracting offers at its initial price point.

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