606 Phelan Lane
Redondo Beach, CA, 90278
$1,325,000
MLS: SB25243471
Beds
3
Baths
1
Sq Ft
918
Lot
0.13 ac
Year Built
1953
MLS #
SB25243471
Days on Market
82
Listed
Jan 27, 2026
Description
MAJOR PRICE IMPROVEMENT!! Huge private backyard and approximately 700 SQ.FT PATIO Lot 50' x 110'! 3 Different types of Fruit Trees. Welcome to North Redondo Beach — one of the South Bay’s most desirable and conveniently located communities! Here you can enjoy the best of both worlds: the relaxed coastal lifestyle and easy city access. Just a few minutes from the ocean, award-winning schools, and neighborhood parks, this area is perfect for those who appreciate the South Bay way of living. This 1-level, 3-bedroom home showcases thoughtful upgrades and meticulous attention to detail. Bathed in natural sunlight, and backing up to a neighborhood park, this property is waiting for the most discerning buyer. Recent improvements include new flooring, a remodeled kitchen and bathroom, recessed lighting, window moldings, new doors, stainless-steel appliances, and a stacked washer/dryer conveniently located inside the main house. The exterior has been freshly painted and features new landscaping and new iron gates that enhance both curb appeal and security. Every feature has been carefully selected to provide comfort, functionality, and modern style. A fully finished garage with waterproof flooring and smooth drywall, providing the versatility to enjoy it as an additional living space. Set on a large flat lot with mature fruit trees, the property offers endless possibilities. From creating your dream backyard with a pool, outdoor kitchen, or cabana, to adding an ADU, it's your opportunity for your inner designer to shine. Enjoy the inviting extra-wide, covered patio, with recessed lights w/ dimmers and fans. Commuters will love the quick freeway access, while still being close to gyms, markets, and top-rated schools. North Redondo is celebrated for its strong sense of community, family-friendly vibe, and exceptional value compared to neighboring beach cities — minutes away from the sand, surf, and sunsets. Don’t miss this rare opportunity to own a turnkey home with room to grow in one of the South Bay’s most sought-after neighborhoods!
Location
Redondo Beach, Los Angeles County, CA 90278
Open on Google Maps ↗Listed by: Malena Koki Bello · Coldwell Banker Realty
Payment estimate
$9,504
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $132,500 · Loan: $1,192,500
- Principal & Interest
- $7,327
- Property tax (1.25%)
- $1,380
- Homeowners insurance
- $300
- Mortgage insurance
- $497
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Redondo Beach home with as little as 3.5% down using an FHA loan — roughly $46,375 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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