Active
$6,500,000
9%
10 Units
14 Beds
14 Baths
7,155 Area(sq.ft.)
Lot: 7,281 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 3,300 | $ 3,300 | $ 5,000 |
| Unit 10 | 1 | 2 | 2 | No | $ 3,750 | $ 3,750 | $ 5,000 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,985 | $ 1,985 | $ 3,500 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,284 | $ 2,284 | $ 3,500 |
| Unit 4 | 1 | 1 | 1 | No | $ 2,250 | $ 2,250 | $ 3,200 |
| Unit 5 | 1 | 2 | 2 | No | $ 2,720 | $ 2,720 | $ 4,850 |
| Unit 6 | 1 | 2 | 2 | No | $ 2,502 | $ 2,502 | $ 4,650 |
| Unit 7 | 1 | 1 | 1 | No | $ 1,958 | $ 1,958 | $ 3,200 |
| Unit 8 | 1 | 1 | 1 | No | $ 2,350 | $ 2,350 | $ 3,500 |
| Unit 9 | 1 | 1 | 1 | No | $ 3,500 | $ 3,500 | $ 3,500 |
| 10 | 14 | 14 | $ 26,599 | $ 26,599 | $ 39,900 |
| MLS #: | SB25067947MR |
| Days On Market: | 252 |
| Listing Date: | March 28, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 908 |
| Price per unit: | $ 650,000 |
| Year Built: | 1960 |
Property Details
Price reduced $650,000! This ocean front building is now priced over a 3% CAP with over 48% upside in rents! 1802 Esplanade, Redondo Beach is 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, Veterans Park, and the Riviera Village, where they can explore top-tier dining, boutique shopping, and vibrant entertainment. Whether you're looking to expand your portfolio or secure a trophy asset in one of LA s most sought-after beach communities, this is an opportunity you won t want to miss.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 113,051 |
| Net Operating Income: | $ 196,566 |
Structure
| Community Features: | Curbs, Sidewalks |
| Sewer: | Public Sewer |
| View Description: | Catalina, Coastline, Ocean, White Water |
| Water: | Public |
Land & Parking
| Zoning: | RBRMD |
| Land Lease Type: | Fee |
Interior
| Laundry: | Laundry Area |
Exterior
| Pool: | No |
Detailed Map
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Income
