$4,195,000
-$155,000502 N Elena Avenue 1-7, Redondo Beach CA 90277
Multi-Family (7 Units)
Property type
150 days
On market
$867
Price per sqft
10 cars
Garage
1964
Year built
6,017 sqft
Lot size
Open Houses
Overview
***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...
Listing provided by: Jonathan Mitchell DRE #01227852, Kidder Mathews of California, Inc
Listing updated: Feb 20, 2026 at 08:39pm.
Last checked: Jun 5, 2026 at 08:31pm
Source: CRMLS #OC26003145
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 2 | — | $3,475 | $3,475 | $3,995 | Unfurnished |
| 2 | 2 | 1 | — | $2,773 | $5,546 | $3,295 | Unfurnished |
| 4 | 1 | 1 | — | $2,430 | $9,720 | $2,595 | Unfurnished |
# of Buildings: 2
# of Units Total: 7
Separate Electric Meters: 7
Separate Gas Meters: 7
Separate Water Meters: 7
Rent Control: Yes
Units Leased: 10
Total Actual Rent: $18,741
Tenant Pays: Cable Tv, Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
18.7x
List Price / Annual Gross Rent
Cap Rate
3.32%
NOI / List Price
Gross Scheduled Income: $223,992
Vacancy Allowance: $4,480
Vacancy Allowance Rate: 2%
Operating Expense: $80,699
Net Operating Income: $139,302
Annual Operating Expenses
Electric: $636
Gardener: $1,505
Insurance: $10,427
Maintenance: $3,612
New Taxes: $45,989
Pest Control: $732
Professional Management: $8,925
Trash: $2,645
Water / Sewer: $2,701
Other Expense: $3,527
Interior
Heating: Radiant
Laundry: Common Area
Entry Location: Street
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Item2 Common Walls
Lot Features: Item610 Units Acre
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned
Garage Spaces: 10
Uncovered Spaces: 2
Parking Total: 12
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7503011029
Additional Parcels: No
Tax Lot: 34
Tax Block: 145
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Park
Nearby Schools
Nearby schools around the 502 N Elena Avenue 1-7, Redondo Beach, CA 90277. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,356,000
Total Interest
$4,280,393
Total Payment
$7,636,393
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$25,732
per month
Property History for 502 N Elena Avenue 1-7
Redondo Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90277.
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