Listed by Donald Mosich with HomeSmart, Evergreen Realty 949-742-0314

Discover this exceptional turnkey, income-generating triplex located in the desirable El Nido neighborhood of East Redondo Beach. This 3,350 sq. ft. property features two newly constructed homes at the rear and an updated front house, offering a fantastic opportunity for investors or landlords seeking minimal maintenance and steady cash flow.
The two rear homes boast identical layouts with modern high-end amenities, including contemporary kitchens, 2-bedrooms, 2.1 baths, in-unit washers & dryers, high-end appliances, and 100% paid energy-efficient solar panels. The front house originally built in 1907 is a 2-bedroom, 2-bath detached residence that has been thoughtfully upgraded with fresh interior paint, refinished exterior stucco, dual pane vinyl windows and wide plank engineered wood style flooring with interior laundry area / powder room, adding to the overall market appeal for tenants.
With off-street parking and a spacious shared outdoor area with low maintenance, this property is highly attractive to renters. Conveniently located near grocery stores, restaurants, shopping at South Bay Galleria, and just a short drive to freeway access, Redondo Beach, and the Pacific Ocean, this property combines comfort, convenience, and coastal living. The current rents are near market value, ensuring a strong cap rate and a solid investment for the future.