116 Helberta Avenue
Redondo Beach, CA 90277
0.14 acres | #SB25192795
Description
A rare investment opportunity in the heart of South Redondo. This 6-unit apartment property is situated within blocks of the beach, Redondo Union High, Parras Middle School, and restaurants and shopping along Torrance Blvd and PCH. The units are divided evenly between two buildings: 116 N Helberta Ave on the west side and 812 Spencer St on the east side.
Each unit offers 2 bedrooms and 1 bathroom, with the ground-floor residences enjoying the most generous square footage and common patio space between the buildings. The property features (6) 1-car garages, along with driveway apron space accommodating 6+ additional vehicles—a valuable amenity in this coastal location. Investors may consider the soft-story garages for conversion to ADU space. There is a shared coin-op laundry room on the ground floor of the Helberta building.
Currently generating $149,520 in annual gross income, the property offers significant upside with a proforma of $237,600, representing a 37% rent growth potential after large-scale renovations.
With strong in-place income, excellent parking, and compelling rental upside, this offering presents investors with both immediate returns and long-term value in a highly desirable Redondo Beach neighborhood.
Property Details
- Lot DescriptionIrregularLot, StreetLevel
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$2,450,000
- MLS #SB25192795
- MLS #SB25192795
- Property SubtypeMixedUse
- Cost2450000
- Acres0.1431
- Utility SourcePublic
- Year Built1964
- Stories2
- Parking Spaces6
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
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Alex Smith (#SSMIALEX)
Listing Office: eXp Realty of California Inc (#sb1338520)
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