Sold for $13,317,750

Listing Provided by: Lyon Stahl Investment Real Estate, Inc.

Bought with: The Realestate Group

$13,317,750

1100 Esplanade APT 10, Redondo Beach, CA 90277

29beds

26baths

15,541sqft

Multi Family

Built in 1958

-- sqft lot

$11,463,800 Zestimate^®

$857/sqft

$3,070 Estimated rent

Home value

$11,463,800

$9.06M - $14.10M

$3,070/mo

Zestimate^® history

Owner options

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$3,070/mo

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$3,070/mo

Rent Zestimate^®

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$83,836/mo

Est. payment

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$83,836/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 29
Bathrooms: 26

Heating

Wall Furnace

Cooling

None

Appliances

Laundry: Common Area

Features

Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 15,541
Total interior livable area: 15,541 sqft

Property

Parking

Total spaces: 16
Parking features: Garage
Garage spaces: 16

Features

Levels: Three Or More
Stories: 3
Entry location: Front Gate
Has private pool: Yes
Pool features: In Ground, Private
Has view: Yes
View description: Coastline, Ocean, Panoramic
Has water view: Yes
Water view: Coastline,Ocean

Lot

Size: 0.26 Acres
Features: Corner Lot, Front Yard, Level, Near Public Transit, Street Level

Details

Parcel number: 7509006021
Zoning: RBRMD
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

New construction: No
Year built: 1958

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & neighborhood

Community

Community features: Curbs, Hiking, Sidewalks

Location

Region: Redondo Beach

HOA & financial

Other financial information

Total actual rent: 38600

Other

Other facts

Listing terms: Cash,Cash to New Loan

Price history

Date	Event	Price
9/26/2024	Sold	$13,317,750-4.8%$857/sqft
Source: CRMLS #SB24124464 Report a problem
6/28/2024	Pending sale	$13,995,000$901/sqft
Source: CRMLS #SB24124464 Report a problem
6/26/2024	Price change	$13,995,000-6.7%$901/sqft
Source: CRMLS #SB24124464 Report a problem
6/19/2024	Listed for sale	$14,995,000$965/sqft
Source: CRMLS #SB24124464 Report a problem