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
- Pool:
- Black Bottom, Lap
- Heating System
- View:
- Pier, Bay, Canyon
- Parking:
- 12.00
- New Construction YN:
- 0
- Laundry:
- Upper Level
- Sewer:
- Conventional Septic
- Common Walls:
- No Common Walls
- Senior Community:
- 0
- List Agent Agent ID:
- SMILMIC
- Water Source:
- Public
- Lot Features:
- Front Yard, Lot 10000-19999 Sqft, Level With Street, Level, Corner Lot, Near Public Transit
- Community Features:
- Sidewalks, Hiking, Curbs
- Stories:
- 3
- Entry Level:
- 1
- Association:
- 0
- Entry Location
Address Map
- Street:
- Esplanade
- Street Number:
- 1100
- Zip4:
- 4970
- Floor Number:
- 0
- Longitude:
- W119° 36' 37.7''
- Latitude:
- N33° 49' 31.2''
MLS Addon
- Listing Courtesy of:
- Lyon Stahl Investment Real Estate, Inc.
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 16
- Zoning:
- RBRMD
- Lot Size Square Feet:
- 11,236 Sqft
- List Agent Last Name:
- Millea
- List Agent License Number:
- 01069014
- Special Listing Conditions:
- Standard
- List Office ID:
- SB1310620
- List Agent First Name:
- Michael
- Directions:
- South Corner of Esplanade and Avenue C.
- MLSAreaMajor:
- 157 - S Redondo Bch W of PCH
- Levels:
- Three Or More
- Parcel Number:
- 7509006021
- List Agent License Number:
- 01972083
- TaxAnnualAmount:
- $0
- TaxYear:
- 2023
- Tax Rate:
- 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:
- CA
- 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
