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1100 Esplanade Redondo Beach, CA 90277
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Key Details
Sold Price $13,317,750
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24124464
Sold Date 09/26/24
Bedrooms 6
HOA Y/N No
Lot Size 0.258 Acres
Property Description
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.
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.
Location
State CA
County Los Angeles
Area Redondo Beach (90277)
Zoning Assessor
Exterior
Pool Below Ground, Private
Building
Lot Description Corner Lot, Curbs, Sidewalks
Story 3
Level or Stories 3 Story
Others
Monthly Total Fees $395
Acceptable Financing Cash
Space Rent $9,525
Listing Terms Cash
Financing Cash
Read Less
Bought with Karen Witteles • The Realestate Group
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