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CA > Redondo Beach
Redondo Beach, CA 90277,608 Esplanade
Redondo Beach, CA 90277,608 Esplanade
Redondo Beach, CA 90277,608 Esplanade
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Devone Richard

Devone Richard

+1(626) 500-1212
$5,000,000
Est. payment /mo
9,639 Sqft Lot
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UPDATED:

02/14/2025 10:12 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SB25021284

HOA Y/N No

Year Built 1956

Lot Size 9,639 Sqft

Property Sub-Type Apartment

Property Description

Incredible opportunity to own a rare ocean view generational asset on the Esplanade in Redondo Beach. First time on the market in over 40 years, this huge 7 unit (plus 1 non-conforming) apartment building offers over 7,000 square feet of rentable square footage on a nearly 10,000 square foot lot with 7 garage parking spaces. Enormous unique 2 story owner's unit loft style apartment with jaw-dropping ocean views, beamed ceilings, skylights, direct access elevator, large open concept kitchen, balcony, office, den, fireplace, wet bar, and 2 bathrooms. 6 other separately metered spacious apartments including one 2 bed/1 bath unit with ocean views, two 2 bed/2 bath units, and three 1 bed/1 bath units plus one non-conforming studio above the garages in the rear of property (check for ADU potential). Well priced on income for ocean front multifamily at 19X GRM on actual rents with a 30% upside to 14.8X GRM on market rents. Extremely well maintained property with very little deferred maintenance. Newer windows, clean units, and individual water heaters.

Location

State CA

County Los Angeles

Area 157 - S Redondo Bch W Of Pch

Zoning RBRMD

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Suburban

Total Parking Spaces 10

Private Pool No

Building

Lot Description Landscaped

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7508006017

Energy Description 2345.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard, Trust

Read Less Info
California Regional MLS (CRMLS)
Listed by Anthony Walker • Buckingham Investments, Inc • 310-561-4776
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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