1100 Esplanade 10, Redondo Beach, CA 90277

About this property

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.

Listing description from the September 2024 sale, as reported to CRMLS.

Sale history

$13,317,750

Sold September 2024 · listed $13,995,000, orig. $14,995,000, on market June 2024 · MLS #SB24124464 · Source: CRMLS

Listing Agent: Michael Millea · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-233-2800 · Bought with: Karen Witteles · The Realestate Group

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