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1100 Esplanade Redondo Beach, CA 90277
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Key Details
Sold Price $13,317,750
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 15,541 sqft
Price per Sqft $856
MLS Listing ID SB-24124464
Sold Date 09/26/24
Year Built 1958
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.
Location
State CA
County Los Angeles
Zoning RBRMD
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 16.0
Pool Private, In Ground
Community Features Curbs, Hiking, Sidewalks
View Y/N Yes
View Panoramic, Ocean, Coastline
Building
Lot Description Corner Lot, Front Yard, Level, Level with Street, Lot 10000-19999 Sqft, Near Public Transit
Sewer Public Sewer
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