1100 Esplanade Unit: 10, REDONDO BEACH CA, 90277

Pending

1100 Esplanade Unit: 10

REDONDO BEACH CA, 90277

$13,995,000

$900.52 per sqft

Pending

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

August 23, 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

Listed by Michael Millea with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-233-2800

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Data last updated 8/23/2024