122 S Irena Ave, Redondo Beach, CA 90277

Property Description

Investor Alert!! Prime Lot in Desirable Redondo Beach Neighborhood with Multi-Unit Potential. This is a rare opportunity to acquire a 6,088 SF lot (40' x 152'), zoned RBR-3, offering excellent potential for redevelopment in a highly sought-after area. The property is being sold primarily for land value. The existing 766 sq ft home is in disrepair and underutilized for the neighborhood. No repairs or improvements will be made. Sold As-Is. This is a probate sale. The executor has court authority. All contracts must include a 15-day notification/review period for several private and institutional heirs. Owner passed away peacefully at the home in October 2024. A prime canvas for development. This property presents huge upside potential for builders, developers, and savvy investors looking to capitalize on zoning that supports multi-unit housing. Don't miss this chance to reimagine a property in a rapidly evolving neighborhood. Use caution when showing; the front & back porch railings are unstable, and there are uneven surfaces in the yard.