Rare and Exceptional opportunity to move in, renovate, expand, or build new in one of South Redondo's most sought-after neighborhoods and streets. First time on the market in over 50 years. True pride of ownership and meticulously maintained by the owners. Situated on an elevated street surrounded by palm trees and multi-million dollar homes, this property currently offers peekaboo ocean views with the potential for a multi-level home featuring expansive South Bay ocean and mountain vistas. The west-facing backyard provides a large terraced lot, ideal for creating an outdoor retreat, or building out to maximize square footage.The existing home includes 2 bedrooms, 1 bathroom, and 1,052 square feet of living space on a 4,859 square foot lot. Original wood floors, a spacious outdoor newer patio decking, ample sustainable gardening yard, and a two-car attached garage offer a foundation for a creative transformation. Located within walking distance to top-rated Redondo Beach schools, including Alta Vista Elementary, as well as Alta Vista Park, shopping, dining, the Redondo Beach Pier, biking strand and, of course, miles of sandy beach. The value is in the land and location, making this an ideal opportunity for owner-user, investors, builders, or a buyer looking to create their dream home. Do not miss this rare chance to secure extremely limited inventory in a premier South Bay location.