It’s been a very long time since we’ve seen a distressed sale in Redondo Beach due to the increase in property values over the last few years.  It’s harder for homeowners to be under water on their mortgage when prices keep rising but sometimes circumstances make it difficult.  A distressed sale can be anything from a short sale (when the seller still owns it but needs to sell at a loss) to a bank auction, to a bank owned home (bank officially foreclosed and is the actual owner)

That said a 3 bedroom foreclosed condo just came on the market and it’s in the the condo complex of Brookside Village in South Redondo Beach.   

814 Camino Real Unit #201 offers a nice opportunity at it’s current list price of $800,000….not so much in the discounted value (which there is some) but in the fact that finding a top floor condo at this price is quite challenging.   The last 2 top floor three bedroom condos that sold closed at $910,000 and $935,000.  Both were nicely remodeled but for a buyer in the $800,000 range top floor condos are few and far between.  That said the condo is pretty original and most definitely needs some love.