1100 Esplanade
Redondo Beach, CA, 90277
$13,995,000
Beds
0 Baths
SqFt
0.26 Acres
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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.

Property Details

Price:
$13,995,000
MLS #:
SB24124464
Status:
Pending
Baths:
0
Address:
1100 Esplanade
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
157sredondobchwofpch
City:
Redondo Beach
Listed Date:
Jun 17, 2024
State:
CA
ZIP:
90277
Lot Size:
11,236 sqft / 0.26 acres (approx)
Year Built:
1958
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Schools

Interior

Cooling
None
Fireplace Features
None
Heating
Wall Furnace

Exterior

Community Features
Curbs, Hiking, Sidewalks
Garage Spaces
16.00
Lot Features
Corner Lot, Front Yard, Level with Street, Lot 10000-19999 Sqft, Level, Near Public Transit
Parking Spots
16.00
Pool Features
Private, In Ground
Sewer
Public Sewer
Stories Total
3
View
Coastline, Ocean, Panoramic
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Electricity, Gas

Map

Community

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broker reciprocity Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
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1100 Esplanade
Redondo Beach, CA