116 N Helberta Ave, Redondo Beach, CA

Name: 116 N Helberta Ave, Sold in Redondo Beach - eXp Commercial Brokerage
Brand: eXp Realty of California Inc
SKU: SB25192795
Price: 2450000 CAD

Real Estate

Sold

$--,---,---

$2,450,000

0012

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Residential Income

Size -

Garage Yes

Maintenance Fees

Taxes

Approx. Age 1964

MLS® Number SB25192795

Property Address:

Average square foot calculated using Size range provided by listing agent.

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.Show Description

MLS® NumberSB25192795

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelCommon Area, Laundry Room

Exposure

Exterior

GarageYes

Approx. Age1964

Stories2

Pets