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70
Rent potential hits $6,801
Updated 6 days ago • 4 new comps
Your Investment Paths
Turnkey Rental
The property at 120 S Prospect Ave shows strong rental potential, with estimated monthly income ranging from $5,933 to $6,801. These figures align well with local market trends for comparable units within the Redondo Beach area. Investors can anticipate an attractive rental yield of approximately 6.38%. With a median rent expectation of $6,185, this townhome offers a stable income opportunity that stands out when compared to similar properties in the current market.
More about this home
Neighborhood Assessment
South Redondo Beach shines with top schools—Alta Vista Elementary (8/10), Parras Middle (8/10), and Redondo Union High (9/10)—all within 0.8 miles. Walkable sidewalks, street lights, and suburban vibe make it investor-friendly, you know? Nearby comps like Unit 2 at 120 S Prospect zestimate $1.33M show strong demand for these 4-bed/3-bath townhomes around 2K sqft. Low environmental risks add stability.
Market Activity
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Rental Income
$76K
Yield
6.4%
Year 1 Estimates
Fix-and-Flip
Modernizing your townhome creates a fresh, inviting space that resonates with buyers. While current market trends show a shift in price per square foot from $721 to $616, this pivot often reflects the unique, charming character found in updated residences. Upgrades enhance daily enjoyment and help your property shine in a crowded market. With potential rental income reaching $6,863, these improvements provide lasting lifestyle rewards, creating a vibrant, move-in ready sanctuary that buyers will genuinely love.
Comps
3
Buy-Rehab-Rent
This property offers a post-renovation value between $1,141,000 and $1,261,000. While the renovation potential is currently low based on square footage comparisons, the asset maintains a solid physical footprint for the Torrance/Redondo Beach area. Expected monthly rental income sits at $5,470, generating an annual yield of 5.5%. Given the high barrier to entry and competitive local market, this investment provides a stable, long-term cash flow play for seasoned investors.
Rental Income
$66K
Yield
5.5%
Year 1 Estimates, Post Typical Renovation
Estimated value
$1.2M
$561.5K below comp median
Comparative Market Analysis
$1.3M – $2.2M
~109 days to sell
Based on 8 comps
120 S Prospect Ave Unit A, Redondo Beach Investment Report: Flip & Rental Analysis · Frontflip