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California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Home / Redondo Beach / 502 Elena Avenue #1-7
502 Elena Avenue #1-7 Redondo Beach, CA 90277 502 Elena Avenue #1-7 Redondo Beach, CA 90277 502 Elena Avenue #1-7 Redondo Beach, CA 90277 502 Elena Avenue #1-7 Redondo Beach, CA 90277 502 Elena Avenue #1-7 Redondo Beach, CA 90277 502 Elena Avenue #1-7 Redondo Beach, CA 90277 502 Elena Avenue #1-7 Redondo Beach, CA 90277 502 Elena Avenue #1-7 Redondo Beach, CA 90277 502 Elena Avenue #1-7 Redondo Beach, CA 90277 502 Elena Avenue #1-7 Redondo Beach, CA 90277 View All Photos

$4,195,000

| Active

502 Elena Avenue #1-7

Redondo Beach, CA 90277

0.14
Acres
243
Days on Market
OC26003145
MLS#
Multi-Family
Type
House
Structure
Residential
Zone
Contact
Listing OfficeKidder Mathews of California, Inc

***Price Reduced $155,000***This 7-unit apartment community offers investors desirable amenities and an exceptional location within Redondo Beach in the South Bay. The property features a diverse unit mix of three, two & onebedroom units with functional layouts that consistently attract long-term tenants. Residents benefit from onsite laundry and individual garages. The residences in the rear further distinguish themselves with select townhouse units and large private patios, offering a more spacious, modern living experience. This combination of location, design, and amenities ensures strong renter demand and positions the property for substantial rent and income growth as units are modernized and brought to market levels. • 6 of 7 units have been renovated to different states that include: new plumbing, electrical panels, kitchens, bathrooms, flooring, and hardware. • Demand Tailwinds: The severe monthly cost differential between renting ($3,550 avg.) and owning ($11,248 avg.) in Redondo Beach underscores ongoing renter demand, especially among workforce households priced out of homeownership. • Proven Rent Growth: Historical rent growth in Redondo Beach has been both strong and resilient, with continued increases forecast through the end of the decade. • With affordability challenges driving sustained renter demand, and historical trends pointing toward ongoing rent appreciation, Park Promenade provides investors a compelling opportunity for both near-term value creation and long-term growth. • 100% occupied. well-managed, & maintained • Individual garages & select private patios • Excellent unit mix of 3, 2 & 1 bedroom units • New electrical panels

Property Details
Heating
Radiant
Lot Features
Six To Ten Units Acre
Stories
2
Lot Description
Six To Ten Units Acre
Acres
0.138
Lot Size (sqft)
6017.0
Parking Features
Assigned
Parking
1
Parking Spaces
10
Parking Type
Garage
Parking Garage Spaces
10.0
Property Type
Multi-Family
Property Subtype Additional
Apartment
Year Built
1964
Sewer Information
Public Sewer
Utility Source
Public
Community Features
Biking, Curbs, Park
County
Los Angeles
Region
Redondo Beach
Original List Price
$4,350,000
Days on Market (Cumulative)
243
HOA Fees
0.0
MLS #
OC26003145
Property Subtype
Apartment
Parcel Number
7503011029
MLS #
OC26003145
Date Listed
January 02, 2026
Address
502 Elena Avenue #1-7
Location
Legal

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Provided By
Listed by Jonathan Mitchell (#SMITCJON)
Listing Office: Kidder Mathews of California, Inc (#OC07007)

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