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Listing 5 out of 157
$4,200,000 For Sale

508 Esplanade
Redondo Beach, CA 90277

6 units | Multi Family Home
6534 sq ft lot - MLS# 17260842
Property Photo
1/26

Description

-Outstanding A+ South Redondo Beach Location on the Renown Esplanade - Steps from the Pacific Ocean -Large 6,351-SF Lot, Prime for Development - 3-Unit Town-Home Site -Legacy Property that has Not Changed Ownership in Decades. Generational Asset that has Commanded Strong Historical Appreciation -Located Next to Redondo Beach Proposed Water Front Project -Consists of (1) 2-Bed/1.75-Bath Owner's Unit, (1)3-Bed/2-Bath Unit, and (4) 1-Bed/1-Bath Units -Large 2-Bedroom/1.75-Bathroom Owner's Unit with Private Deck and Fireplace -Ample Parking with Garage Parking Plus One Tandem Space for Each Unit -Non-Rent Controlled Asset with Over 35% in Immediate Rental Upside

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Listing Price: $4,200,000
  • Zip Code: 90277
  • Year Built: 1963
  • Units: 6 units
  • # of Parking Spaces: 6.00
  • Acres: 6534 sq ft lot
  • Zoning: RBRMD
  • Area: 157 - S Redondo Bch W of PCH
  • Building Area Total: 4780.00
  • Cooling: See Remarks, Yes
  • Directions: West of Catalina Avenue, South of Ruby Street
  • Garage Spaces: 6.00
  • Gardener Expense: 1200.00
  • Gross Multiplier: 27.19
  • Gross Operating Income: 154488.00
  • Improvements Amount: 466241
  • Insurance Expense: 2008.00
  • Land Value: 1352122
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Lot Size Source: Estimated
  • Lot Size Units: Square Feet
  • MLS: CL
  • Maintenance Expense: 2400.00
  • Net Operating Income: 84726.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Other Expense: 1800.00
  • Other Income1: 1200.00
  • Parking: Yes
  • Parking Features: Garage
  • Stories Total: 2
  • Total Actual Rent: 154488.00
  • Total Expenses: 66328.00
  • Trash Expense: 1200.00
  • Water Sewer Expense: 5220.00
Courtesy of Cbc Advisors, Gianluca Jacoli

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Krystyna Baty
Broker Associate
The Real Estate Group
Phone: 310.918.5027
Email: batyrealestate@gmail.com
BRE # 01485187

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Krystyna Baty | Broker Associate | The Real Estate Group
Phone: 310.918.5027 | Email: batyrealestate@gmail.com
BRE # 01485187