Est. cap rate

1.4%

Assumed rent, all units

$6,340/mo

Units

2

Price per unit

$1,347,500

Est. annual NOI

$38,040

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

2,956 sqft

Lot size

3,660 sqft

Year built

1960

Stories

2

Garage spaces

3

Heating

Forced Air

Pool

None

View

Ocean

Status

Active

Days on market

100

MLS #

241064185

About this property

Hard to come by property with opportunity for owner occupants to live in the larger unit while collecting income from the second unit, or perfect for multi-generational family living. Chance to own with historically proven long-term appreciation potential of coastal Southern California property. Close to award winning schools, dining, shopping, entertainment, and, of course, the beach! Downstairs unit is 2bd/2bath, 1128SF, updated beautifully, including a new kitchen and bathrooms. Upstairs unit is 3bd/2bath, approx 1828SF; principle en suite bedroom with 1.75bath, with beautifully redone large shower. Each unit is paired with private garage parking: a 2-car garage for the larger upstairs unit and a 1-car garage for the smaller downstairs unit. Both units have private laundry with updated washer/dryer, as well as large PV stone fireplaces as the centerpiece of each respective living room. Downstairs unit has a large deck with access to a private backyard. There is a large basement housing newer water heaters, downstairs forced air heating unit and is also great for storage. Upstairs unit has large ocean-view balcony spanning the length of the property. The building was re-roofed in 2024 and, in 2025 was freshly painted and new gutters installed. Both units are currently rented on short term leases, giving the new owner the option of continuing to rent out or move into one of the units.

Location

507 N Helberta

Redondo Beach, Los Angeles, CA, 90277