Property Description
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.
Features
: In ground, Private
: Wall Furnace
: Ocean, Panoramic, Coastline
: 16.00
0
: Common Area
: Public Sewer
: No Common Walls
0
SMILMIC
: Public
: Front Yard, Lot 10000-19999 Sqft, Level With Street, Level, Corner Lot, Near Public Transit
: Sidewalks, Hiking, Curbs
3
1
0
: Front Gate
Address Map
Esplanade
1100
4970
0
W119° 36' 37.7''
N33° 49' 31.2''
MLS Addon
Lyon Stahl Investment Real Estate, Inc.
$0
16
RBRMD
11,236 Sqft
Millea
01069014
: Standard
SB1310620
Michael
South Corner of Esplanade and Avenue C.
157 - S Redondo Bch W of PCH
Three Or More
7509006021
01972083
$0
2023
1.1
Residential Income For Sale
1100 Esplanade, Redondo Beach, California 90277
0.26 Sqft
$13,995,000
Listing ID #SB24124464
Basic Details
Property Type : Residential Income
Listing Type : Sold
Listing ID : SB24124464
List Price : $13,995,000
Year Built : 1958
Lot Area : 0.26 Sqft
Country : US
State : California
County : Los Angeles
City : Redondo Beach
Zipcode : 90277
Close Price : $13,317,750
Status : Closed
Property Type : Apartment
Price Per Square Foot : $857
Days on Market : 9
