Pending
1100 Esplanade 10
Redondo Beach CA, 90277
$13,995,000
$900.52 per sqft
Pending
15,541 sqft
Condo
Built in 1958
Listed by Michael Millea with Lyon Stahl Investment Real Estate, Inc. 310-233-2800
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.
SB24124464
MLSⓇ ID
June 18, 2024
Listed
August 30, 2024
Updated
Map
1100 Esplanade 10
Redondo Beach CA, 90277
Interior Features
Total Stories
3
Laundry Description
Common Area
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.26 Acres
Lot Features
Corner Lot, Front Yard, Level, Near Public Transit, Street Level
Sewer
Public Sewer
Other Property Details
Area Name
157 - S Redondo Bch W 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 |
|---|---|---|
6/28/2024 | Pending | — |
6/26/2024 | Price change | $13,995,000 -7% |
Listing Contact: 310-425-9838
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 8/30/2024 at 8:07 PM UTC