CA > Redondo Beach
Redondo Beach, CA 90277,1802 Esplanade
Redondo Beach, CA 90277,1802 Esplanade
Redondo Beach, CA 90277,1802 Esplanade
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$7,150,000
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5 Beds
5 Baths
7,281 Sqft Lot
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1802 Esplanade Redondo Beach, CA 90277

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Richard Combs

Richard Combs

+1(619) 838-9307

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25067947

Bedrooms 5

HOA Y/N No

Lot Size 7,281 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Introducing a rare investment opportunity at 1802 Esplanade, Redondo Beach a 10-unit property in one of the most desirable coastal neighborhoods in Southern California. This exceptional property features a highly sought-after unit mix, including four (4) 2-bedroom, 2-bathroom units and six (6) 1-bedroom, 1-bathroom units, making it an ideal choice for tenants seeking the ultimate beachside lifestyle. Located on the prestigious Esplanade, this property is just steps from the sand, offering breathtaking ocean views and refreshing sea breezes. Residents will enjoy the convenience of being within walking distance to the Redondo Beach Pier, Riviera Village, and Veterans Park, where they can explore top-tier dining, boutique shopping, and vibrant entertainment. Currently operating at a 3.14% cap rate the 50% upside in rents allows an investor to achieve a pro-forma cap rate of 5.51%! Whether you're looking to expand your portfolio or secure a trophy asset in one of LAs most sought-after beach communities, this is an opportunity you wont want to miss.
Introducing a rare investment opportunity at 1802 Esplanade, Redondo Beach a 10-unit property in one of the most desirable coastal neighborhoods in Southern California. This exceptional property features a highly sought-after unit mix, including four (4) 2-bedroom, 2-bathroom units and six (6) 1-bedroom, 1-bathroom units, making it an ideal choice for tenants seeking the ultimate beachside lifestyle. Located on the prestigious Esplanade, this property is just steps from the sand, offering breathtaking ocean views and refreshing sea breezes. Residents will enjoy the convenience of being within walking distance to the Redondo Beach Pier, Riviera Village, and Veterans Park, where they can explore top-tier dining, boutique shopping, and vibrant entertainment. Currently operating at a 3.14% cap rate the 50% upside in rents allows an investor to achieve a pro-forma cap rate of 5.51%! Whether you're looking to expand your portfolio or secure a trophy asset in one of LAs most sought-after beach communities, this is an opportunity you wont want to miss.

Location

State CA

County Los Angeles

Area Redondo Beach (90277)

Zoning Public Rec

Building

Lot Description Curbs, Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Others

Monthly Total Fees $230

Acceptable Financing Cash

Space Rent $3,300

Listing Terms Cash

San Diego Regional MLS (SDMLS)
Listed by Austin Zahn • Lyon Stahl Investment Real Estate, Inc.

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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1802 Esplanade

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