Rare income property that doesn’t feel like one. Each of the three residences lives more like its own single-family home, offering generous layouts, private living spaces, and character that’s hard to find in today’s rental market. Whether expanding your investment portfolio, occupying one residence while generating rental income, or exploring future value-add opportunities, this versatile property offers exceptional flexibility. The front residence is a charming single-story 2-bedroom, 1-bath cottage with original hardwood floors, vintage built-ins, and the original fold-away ironing board, plus off-street parking for up to two vehicles. Beneath Units A and B is a 1,000-square-foot basement. Part of the space is designated for tenant storage and houses the community laundry, while a separate room with a full bathroom lends itself to a straightforward remodel with the potential for an ADU or fourth income-producing unit, buyer to verify. Built in 1994, the middle residence is a striking two-story home that lives like a 3-bedroom, 2-bath with two bedrooms plus an office. Soaring vaulted ceilings with exposed wood beams create an airy, open feel, while the open-concept living, dining, and kitchen make entertaining effortless. The upstairs office enjoys a slight ocean peek, built-in library shelving, a private patio, and two covered carport spaces. Privately tucked away at the rear, the largest residence is a spacious two-story 3-bedroom, 3-bath that lives like a 4-bedroom. Vaulted ceilings, exposed wood beams, and oversized windows fill the home with natural light. The flexible floor plan features a main-level primary suite with walk-in closet, another bedroom and bath, spacious living and dining areas, rear deck, private yard, attached 3-car garage, plus an upstairs loft with another bedroom, bathroom, open living area, and peek-a-boo ocean views. Each residence is separately metered for gas, water, and electricity, features its own forced-air heating system, and is protected by a residential fire sprinkler system throughout. The property currently generates approximately $12,000 per month in gross rental income with additional rental upside and offers parking for up to seven vehicles, a rarity among South Bay income properties. Located just six short blocks from the Redondo Beach Pier, King Harbor, and the beach, residents enjoy ocean breezes, waterfront dining, shops, entertainment, miles of bike paths, parks, and the South Bay lifestyle.<\/p>","protected":false},"excerpt":{"rendered":"
Rare income property that doesn’t feel like one. Each of the three residences lives more like its own single-family home, offering generous layouts, private living spaces, and character that’s hard to find in today’s rental market. Whether expanding your investment portfolio, occupying one residence while generating rental income, or exploring future value-add opportunities, this versatile 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