510 N Helberta Ave, Redondo Beach, CA 90277

Please go directly to see the property. You will love it. This Ocean view vacant R3 lot is big enough to accommodate two detached single family homes with sizable private yard for each house and a sub-terrain parking. Nicely sloped lot on hill-top location would allow all units in lot to have beautiful OCEAN view inside their living room. This beautiful buildable 174 x 42 lot sit in a well-developed neighborhood. Look at "06/30/2017, 500 N LUCIA AVE, Lot: 6278, no view, sold $1,690,000." lot is smaller with a 1949 1700 sqft house. Is there anyone will pay this price to just live in the 70 yrs old house? AIN#7503-024-020 “05/09/2022 sold 617 S Irena Ave, RoofTop view, 4150sqft, lot 6285sqft,$4,327,000”: Suppose we do some calculation for this most recent sold piece of nearby property: Two ocean view sun deck, 1st level plus 2nd level, 600 sqft(30*20) each in front, 1st level housing 2400sqft(30*80), 2nd level housing 1800sqft(30*60), 3-car garage plus some 2000sqft(40*50) flat back yard. Oh, you may want to have a 80ft lap pool + Jacuzzi in well ventilated basement as well. Building cost $300 * 4200 = 1,260,000 Dirt removes and one single side shore up $100,000 Land cost $1,699,000 Sold price $4,327,000 – 1,260,000 – 100,000 – 1,699,000 = $1,268,000 You are looking at a saving of more than a million even with loan interest payment. You could save more if you put up two detached single homes for a 2-on-the-lot. Actually, You could hardly find new Redondo Beach homes listed on Multiple Listing. They are sold during construction. Walking distance to Redondo pier, beach, school, park, shops, bus stops and easy access to freeways. Agent coop welcome, inquiry to simonyoungus@yahoo.com.