Search
7-Unit Apartment Building with Garages
For Sale
$4,195,000

502 N Elena Avenue 1-7, Redondo Beach, CA 90277

Apartment community with individual garages, onsite laundry, and select private patios.

Property Size4,840 SF
Days on Market232

Property Features for 502 N Elena Avenue 1-7

General Information

Standard status Active
Size 4,840 SF
Property subtype Apartment
Occupancy 100%

Additional Details

Multifamily Units 7

Amenities

onsite laundry
private patios

Building Details

Building Size 4,840 SF
Year Built 1964
Listing Agency: Kidder Mathews of California, Inc
Listed By: Jonathan Mitchell · License #01227852
Source: Velocityrealtysd
Added: Jan 6 Changed: Aug 21 Last Checked: Aug 26 at 1:28PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews of California, Inc

Investment Insights

Based on property information with market context.

This 7-unit apartment property in Redondo Beach includes a mix of three-, two-, and one-bedroom residences. The layout also includes select townhouse-style units at the rear, where private patios provide additional outdoor space. Individual garages and onsite laundry serve the residents.

Six of the seven units have been renovated to varying degrees, with improvements including plumbing, electrical panels, kitchens, bathrooms, flooring, and hardware. The property was built in 1964 and is reported to be 100% occupied. Located at 502 N Elena Avenue, the property is within the South Bay community of Redondo Beach, California.

Key Highlights

  • 7‑unit apartment property with three-, two-, and one‑bedroom units
  • 6 of 7 units renovated with updates to plumbing, electrical panels, kitchens, bathrooms, flooring, and hardware
  • Individual garages and onsite laundry

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Daycare Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Butcher Electrical Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,930
Businesses Nearby

Demographics for 90277, CA

37,856
Population
18,229
Households
2.1
Avg Household Size
45
Median Age
70%
College-Educated
98%
High-School Grad
3.6 sq mi
ZIP Area
10,516
Density / Sq Mi
$131,985
Median Household Income
$87,191
Median Earnings
$2,621
Median Rent
$1,403,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Apartment community with individual garages, onsite laundry, and select private patios.
Where is this apartment building located?
The property is located at 502 N Elena Avenue 1-7 Redondo Beach, CA.
What is the asking price?
The asking price for this property is $4,195,000.
What are key features of this property?
This property features: 7‑unit apartment property with three-, two-, and one‑bedroom units; 6 of 7 units renovated with updates to plumbing, electrical panels, kitchens, bathrooms, flooring, and hardware; Individual garages and onsite laundry
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message