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$1,800,000
MLS: PV26097372
Beds
2
Baths
1
Sq Ft
968
Lot
0.12 ac
Year Built
1948
MLS #
PV26097372
Days on Market
5
Listed
May 7, 2026
Description
Opportunity to own a South Redondo Beach home with plans for a 3,600+ square foot new construction residence in one of the most desirable coastal neighborhoods. Located at 607 Sapphire Street, this single-family property offers immediate livability along with a clear path to building a stunning custom home near the ocean. This 2-bedroom, 1-bath home sits on a generously sized lot just minutes from the beach, Redondo Pier, Riviera Village, restaurants, and shops. The interior features hardwood flooring throughout the main living areas, granite countertops in the kitchen, and stainless steel appliances, including a new stove and dishwasher. Recent upgrades include new interior and exterior paint, updated LVP flooring in the kitchen and bathroom, and a new electrical panel with completed permits. An enclosed porch with laundry adds flexibility and everyday function. The property includes a full set of previously city-approved and stamped architectural plans for a new residence of over 3,400 square feet, designed with a rooftop deck to capture ocean views and sunset skies. Permits will need to be renewed, however the existing plans provide a meaningful head start for a buyer looking to build in this prime South Redondo location. The lot features a terraced backyard with multiple levels of usable outdoor space, offering potential for entertaining areas, landscaping, or future expansion. Located within the award-winning Redondo Beach Unified School District and close to the beach, parks, and coastal amenities, this property combines location, lifestyle, and long-term upside in a highly sought-after South Bay community.
Location
Redondo Beach, Los Angeles County, CA 90277
Open on Google Maps ↗Listed by: Michael Majid · Estate Properties
Payment estimate
$12,941
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $180,000 · Loan: $1,620,000
- Principal & Interest
- $10,091
- Property tax (1.25%)
- $1,875
- Homeowners insurance
- $300
- Mortgage insurance
- $675
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 May 14, 2026
- 30-year fixed
- 6.36%
- 15-year fixed
- 5.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $63,000 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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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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