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716 W Redondo Beach Boulevard, Gardena, California 90247, Gardena, 90247 - bed, bath

716 W Redondo Beach Boulevard, Gardena, California 90247 home-pic-0
ACTIVE$925,000
716 W Redondo Beach Boulevard, Gardena, California 90247
0Bed
0Bath
2,872Sqft
6,893Lot
Year Built
1954
Close
-
List price
$925K
Original List price
$995K
Price/Sqft
$322
HOA
-
Days on market
-
Sold On
-
MLS number
PW25033071
Home ConditionFair
Features
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $925.0K(25th), sqft - 2872(25th), beds - undefined(50th), baths - undefined(50th).

716 West Redondo Beach Boulevard is a fourplex in Gardena, California. This value-add opportunity offers a new investor the chance to acquire an asset in a strong rental market and capture 45 percent rental upside. This is also a great acquisition opportunity for an owner/user. Further adding to this property’s potential, a new investor may be able to convert the garages to four 450-square foot one-bedroom ADU’s (buyer to verify). 716 West Redondo Beach Boulevard is a 2,872-square foot 1954 construction with four one-bedroom/one-bath units that are separately metered for gas and electricity. Each unit has washer/dryer hookups, a single-car garage and new windows. The property is in a strong rental location conveniently near the 110 Freeway and within a half-mile of major retailers and two of the cities’ top employers: the Memorial Hospital of Gardena and the Hustler Casino.

Nearby schools

4/10
Amestoy Elementary School
Public,•K-5•0.4mi
5/10
Gardena Elementary School
Public,•K-5•0.7mi
4/10
One Hundred Thirty-Fifth Street Elementary School
Public,•K-5•1.2mi
4/10
Robert E. Peary Middle School
Public,•6-8•1.0mi
3/10
Gardena Senior High School
Public,•9-12•1.9mi

Price History

Date
Event
Price
08/12/25
Sold
$765,000
Condition Rating
Fair
Built in 1954, the property shows signs of age, particularly in the kitchen which features dated cabinets, laminate countertops, older appliances, and linoleum flooring. While the exterior appears maintained and the description notes 'new windows' and 'washer/dryer hookups,' these are minor updates rather than a comprehensive renovation. The property is functional and livable but requires significant cosmetic and potential system updates to meet modern standards, aligning with a 'value-add opportunity' rather than a move-in ready condition.
Pros & Cons

Pros

Significant Value-Add Potential: The property offers substantial upside with a stated 45 percent rental upside and the potential to convert garages into four 450-square foot one-bedroom ADUs, significantly increasing income potential.
Strong Rental Market & Location: Situated in a strong rental market, the property benefits from convenient access to the 110 Freeway, major retailers, and proximity to key employers like Memorial Hospital of Gardena and Hustler Casino, ensuring a robust tenant pool.
Separately Metered Utilities: Each unit is separately metered for gas and electricity, a significant advantage for landlords as it reduces operating expenses and simplifies utility management.
Tenant-Friendly Unit Features: Units include desirable features such as washer/dryer hookups, new windows, and a single-car garage, enhancing tenant appeal, comfort, and potentially reducing vacancy rates.
Recent Price Reduction: The list price has been reduced from $995,000 to $925,000, indicating a potential for a more attractive acquisition price and negotiation opportunity for investors.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-08-12. The sold price is $765,000.00.
Age of Construction: Built in 1954, the property's age suggests potential for aging infrastructure and systems (e.g., plumbing, electrical, roof) that may require significant capital expenditures in the near future.
ADU Conversion Contingency: While offering ADU potential, the description explicitly states 'buyer to verify,' indicating that the conversion is not guaranteed and requires substantial due diligence, permitting, and investment from the buyer.
Limited Unit Configuration: All four units are 1-bedroom/1-bath, which may limit the target tenant demographic and potentially restrict rental income diversity compared to properties with varied unit sizes.

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