Opportunity of a lifetime! This property sits on one of the largest residential lots in South Redondo with amazing panoramic ocean and coastline views. The existing custom Cape Cod residence offers 6 bedrooms, 4 bathrooms. The home needs work and has tons of potential with vaulted wood beam ceilings, oak hardwood floors, Anderson dual pane windows, imported Brazilian granite, and spacious living areas filled with natural light. The home features a master suite with fireplace, Jacuzzi tub, and balcony, plus den, office, oversized heated garage/workshop, huge lot and once had a 800 sq. ft. detached guest quarters (sellers removed and have floor plans and drawings for a new 1,200 sq. ft. detached guest quartersalong with room for RV or boat parking. The sale also includes permit ready plans offering two paths forward: 1. Remodel the existing home and modernize it to todays standards and add build ADU. 2. Ground up new build: a 4,140 sq. ft. estate with 4 bedrooms, 4 bathrooms, office, gym, oversized 2 car garage, plus a separate 1,200 sq. ft. ADU with 2 bedrooms and 2 bathrooms. There might also be a third option based on exploring the SB9 laws (urban lot split), buyers and buyers agents should look into and verify the possibility of doing a subdivision of the lot and build two new single family homes since the lot is so large. Just blocks from the sand, Esplanade, and Riviera Village, this AAA location on the Avenues provides walkability to shops, dining, and top rated schools. Whether you choose to update the existing home or pursue the approved new build, or if approved do an SB9 urban lot split and build two new homes. This amazing opportunity delivers scale, views, and opportunity rarely found in South Redondo.