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.
- Pool:
- No
- Parking:
- 26.00
- New Construction YN:
- 0
- Laundry:
- Dryer Included, Inside
- Parking:
- Garage - Two Door, Street, Garage Faces Rear
- Sewer:
- Public Sewer
- Common Walls:
- 2+ Common Walls
- Senior Community:
- 0
- List Agent Agent ID:
- SSMIALEX
- Water Source:
- Public
- Lot Features:
- Irregular Lot, Level With Street
- Community Features:
- Sidewalks, Suburban, Curbs, Gutters
- Stories:
- 2
- Entry Level:
- 1
- Entry Location:
- Street
- Street:
- Helberta
- Street Number:
- 116
- Street Suffix:
- Avenue
- Floor Number:
- 0
- Longitude:
- W119° 37' 5.5''
- Latitude:
- N33° 50' 36.1''
- Street Dir Prefix:
- N
- Listing Courtesy of:
- eXp Realty of California Inc
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 6
- Zoning:
- RBR-3
- Lot Size Square Feet:
- 6,232 Sqft
- List Agent Last Name:
- Smith
- List Agent License Number:
- 01859768
- Special Listing Conditions:
- Standard
- List Office ID:
- sb1338520
- List Agent First Name:
- Alex
- Directions:
- From PCH, head E on Emerald. Turn N on Helberta. Property is on E side of street where Helberta converges with El Redondo.
- MLSAreaMajor:
- 155 - S Redondo Bch N of Torrance Bl
- Levels:
- Two
- Parcel Number:
- 7504012025
- List Agent License Number:
- 01878277
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income For Sale
116 Helberta Avenue, Redondo Beach, California 90277
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- SB25192795
- List Price :
- $2,450,000
- Year Built :
- 1964
- Lot Area :
- 0.14 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Redondo Beach
- Zipcode:
- 90277
- Close Price :
- $2,390,000
- Status :
- Closed
- Property Type :
- Commercial/residential
- Price Per Square Foot :
- $547
- Days on Market :
- 0
