A fully updated 3-bedroom, 1-bath home in North Redondo Beach offering a rare combination of modern living, investment potential, and dual-use zoning. Recently renovated with new flooring, a refreshed bathroom, and a remodeled kitchen featuring stainless steel appliances and upgraded cabinetry, this home is stylish, functional, and move-in ready.
This property comes fully furnished and set up as a turn-key rental, providing immediate income potential for investors. With its grandfathered residential/commercial zoning, the opportunities are endless—use it as a primary residence, short- or long-term rental, live/work space, or operate a small business.
Situated on a private lot with outdoor space for entertaining or relaxing, the home is just minutes from award-winning Redondo schools, shopping, dining, and world-class beaches.
Whether you’re seeking a charming coastal home, a ready-made furnished rental, or a versatile live/work investment, 2005 Phelan Lane is a one-of-a-kind South Bay gem.
For sale
Listing Provided by:
Sean Morsi DRE #01442047 866-937-6676,
MOR REALTY
$974,000
2005 Phelan Ln, Redondo Beach, CA 90278
3beds
958sqft
Est.:
Single Family Residence
Built in 1946
2,750 Square Feet Lot
$971,400 Zestimate®
$1,017/sqft
$-- HOA
What's special
Private lotModern livingStainless steel appliancesRefreshed bathroomUpgraded cabinetryRemodeled kitchen
- 78 days |
- 1,409 |
- 36 |
Zillow last checked: 8 hours ago
Listing updated: December 12, 2025 at 09:54am
Listing Provided by:
Sean Morsi DRE #01442047 866-937-6676,
MOR REALTY
Source: CRMLS,MLS#: GD25220143
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Rooms
- Room types: Bedroom, Laundry
Bedroom
- Features: All Bedrooms Down
Cooling
- Ductless, Wall/Window Unit(s)
Appliances
- Included: Dryer, Washer
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Outside
Features
- Ceiling Fan(s), All Bedrooms Down
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 958 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: Phelan
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 2,750 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 4153005023
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Biking, Dog Park, Park, Preserve/Public Land, Sidewalks
Location
- Region: Redondo Beach
Financial & listing details
- Price per square foot: $1,017/sqft
- Tax assessed value: $1,061,207
- Annual tax amount: $12,923
- Date on market: 9/26/2025
- Cumulative days on market: 78 days
- Listing terms: Cash,Cash to Existing Loan,Conventional,Private Financing Available
Estimated market value
$971,400
$923,000 - $1.02M
$4,508/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/26/2025 | Listed for sale | $974,000+1566.1%$1,017/sqft |
Source:  CRMLS #GD25220143 Report a problem | ||
| 2/2/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 1/22/2021 | Listed for rent | $2,900-9.4%$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 5/20/2020 | Listing removed | $3,200$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 4/20/2020 | Listed for rent | $3,200-11.1%$3/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,923 +4.5% | $1,061,207 +2% |
| 2024 | $12,369 +1.9% | $1,040,400 +2% |
| 2023 | $12,143 +31.2% | $1,020,000 +34.8% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,978/mo
Principal & interest
$4695
Property taxes
$942
Home insurance
$341
Climate risks
Neighborhood: 90278
Nearby schools
GreatSchools rating
- 7/10Madison Elementary SchoolGrades: K-5Distance: 0.2 mi
- 7/10Adams Middle SchoolGrades: 6-8Distance: 0.5 mi
- 9/10Redondo Union High SchoolGrades: 9-12Distance: 2.2 mi
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