116 N Helberta AVE Pending Save Request In-Person Tour Request Virtual Tour
Redondo Beach,CA 90277
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SB25192795
HOA Y/N No
Year Built 1964
Lot Size 6,233 Sqft
Property Sub-Type Mixed Use
Property 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.
Location
State CA
County Los Angeles
Area 155 - S Redondo Bch N Of Torrance Bl
Zoning RBR-3
Interior
Fireplace No
Laundry Common Area,Laundry Room
Exterior
Parking Features Assigned,Door-Multi,Garage,Tandem,Uncovered
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs,Gutter(s),Suburban,Sidewalks
Total Parking Spaces 12
Private Pool No
Building
Lot Description Irregular Lot,Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7504012025
Energy Description 1000.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Lease Land No