Introducing a rare investment opportunity at 1802 Esplanade, Redondo Beach – a 10-unit property in one of the most desirable coastal neighborhoods in Southern California. This exceptional property features a highly sought-after unit mix, including four (4) 2-bedroom, 2-bathroom units and six (6) 1-bedroom, 1-bathroom units, making it an ideal choice for tenants seeking the ultimate beachside lifestyle. Located on the prestigious Esplanade, this property is just steps from the sand, offering breathtaking ocean views and refreshing sea breezes. Residents will enjoy the convenience of being within walking distance to the Redondo Beach Pier, Riviera Village, and Veterans Park, where they can explore top-tier dining, boutique shopping, and vibrant entertainment. Currently operating at a 3.14% cap rate the 50% upside in rents allows an investor to achieve a pro-forma cap rate of 5.51%! Whether you''re looking to expand your portfolio or secure a trophy asset in one of LA’s most sought-after beach communities, this is an opportunity you won’t want to miss.
Property Details
Price:
$7,150,000
MLS #:
SB25067947
Status:
Active
Baths:
0
Address:
1802 Esplanade
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
128hollywoodriviera
City:
Redondo Beach
Listed Date:
Mar 28, 2025
State:
CA
ZIP:
90277
Lot Size:
7,281 sqft / 0.17 acres (approx)
Year Built:
1960
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Schools
Interior
Exterior
Community Features
Curbs, Sidewalks
Garage Spaces
10.00
Lot Features
Rectangular Lot
Parking Spots
10.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
View
Catalina, Coastline, Ocean, White Water
Water Source
Public
Financial
Map
Community
- Address1802 Esplanade Redondo Beach CA
- Area128 – Hollywood Riviera
- CityRedondo Beach
- CountyLos Angeles
- Zip Code90277
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1802 Esplanade
Redondo Beach, CA
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