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(310)918-5027
Real Estate Company
1100 Esplanade Unit 10, Redondo Beach, CA 90277
- $13,317,750
- Sold Price
- $13,317,750
- List Price
- $13,995,000
- Closing Date
- Sep 26, 2024
- Status
- CLOSED
- MLS#
- SB24124464
- Year Built
- 1958
- Lot Size
- 11,236
- Acres
- 0.26
- Lot Location
- Corner Lot, Front Yard, Level, Near Public Transit, Street Level
- Days on Market
- 8
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Three Or More Levels
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.
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Additional Information
- Pool
- Yes
- Pool Description
- In Ground, Private
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- Coastline, Ocean, Panoramic
- Garage Spaces Total
- 16
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 16
- Gross Scheduled Income
- $467,400
- Operating Expense
- 277904
Listing courtesy of Listing Agent: Michael Millea (Mike.M@LyonStahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
Listing sold by Karen Witteles from The Realestate Group
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.