Pending

1100 Esplanade 10

Redondo Beach CA, 90277

$13,995,000


$900.52 per sqft

Pending

15,541 sqft

Condo

Built in 1958

Listed by Michael Millea with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

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.

SB24124464

MLS ID

June 18, 2024

Listed

July 14, 2024

Updated

Map

1100 Esplanade 10
Redondo Beach CA, 90277

Interior Features

Total Stories

3


Laundry Description

Common Area


Fireplace

No


Fireplace Description

None


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.26 Acres


Lot Features

Corner Lot, Front Yard, Level, Near Public Transit, Street Level


Sewer

Public Sewer

Other Property Details

Area Name

157 - S Redondo Bch W of PCH


Days on Market

9


Garage

Yes


Garage Spaces

16


Parking Total

16


View

Yes


View Description

Coastline, Ocean, Panoramic


County

Los Angeles


Water Source

Public


Pool

Yes


Pool Features

In Ground, Private


Zoning

RBRMD

Listing History

Date

Event

Price

6/28/2024

Pending

6/26/2024

Price Change

$13,995,000

-7%

Listing Contact: 310-425-9838 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/14/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/14/2024 at 7:20 AM UTC

 

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