Sold
1100 Esplanade Unit: 10
REDONDO BEACH CA, 90277
$13,317,750
$856.94 per sqft
Sold
6 Beds
5 Baths
15,541 sqft
Multi-family
Built in 1958
Rare Opportunity to Purchase a 16-Unit Building on the Esplanade with Unobstructed Ocean Views. First time on the market in over 40 years. Developer Could Hold this Property as Income Property Until Ready to Build. Property requires an Astute Investor who Would be Seeking a Property with an Unbeatable Location and 50% Rental Upside. 4% Cap Rate at Market Rents Property of Large Units in a 15,541 Sq. Ft. Building on an 11,233 Sq. Ft. Lot Zoned RBRMD. DO NOT BOTHER TENANTS. ALL OFFERS SUBJECT TO INTERIOR INSPECTION.
SB24124464MR
MLSⓇ ID
June 17, 2024
Listed
October 2, 2024
Updated
Map
1100 Esplanade Unit: 10
REDONDO BEACH CA, 90277
Interior Features
Total Stories
3
Bedrooms
6
Total Bathrooms
5
Laundry Description
Laundry Area
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.26 Acres
Sewer
Public Sewer
Other Property Details
Area Name
S. Redondo Beach South of PCH
Days on Market
9
Garage
Yes
Garage Spaces
16
Parking Total
16
View
Yes
View Description
Coastline, Ocean, Panoramic
County
Los Angeles
Water Source
Public
Pool
Yes
Pool Features
In Ground, Private
Zoning
RBRMD
Listing History
Date | Event | Price |
|---|---|---|
9/27/2024 | Sold | $13,317,750 |
Listed by Michael Millea with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-233-2800
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Amy Frelinger Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/2/2024
