For more information regarding the value of a property, please contact us for a free consultation.
1100 Esplanade #10 Redondo Beach, CA 90277
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $13,317,750
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 15,541 sqft
Price per Sqft $856
MLS Listing ID SB24124464
Sold Date 09/26/24
HOA Y/N No
Year Built 1958
Tax Year 2023
Lot Size 0.258 Acres
Acres 0.2579
Property Sub-Type Apartment
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
Area 157 - S Redondo Bch W Of Pch
Zoning RBRMD
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Laundry Common Area
Exterior
Garage Spaces 16.0
Pool Private, In Ground
Community Features Curbs, Hiking, Sidewalks
View Y/N 1
View Coastline, Ocean, Panoramic
Private Pool Yes
Building
Lot Description Corner Lot, Front Yard, Level with Street, Lot 10000-19999 Sqft, Level, Near Public Transit
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 1.5
TERMS Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE See Remarks
SHOW INSTRUCTIONS DO NOT DISTURB TENANTS. ALL OFFERS WRITTEN SUBJECT TO INSPECTION.
Read Less
Bought with The Realestate Group