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

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