1802 Esplanade

Redondo Beach, CA 90277

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,155 Sqft
  • 7281
    Sqft(Lot)
$7,150,000

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 la’s most sought-after beach communities, this is an opportunity you won’t want to miss.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49145312

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1960
    • Building Area Total: 7,155

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1671
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7281

  • Listing Price Information

    • Original List Price: 7,150,000
    • Listing Contract Date: 2025-03-28

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7511016008

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 128 - Hollywood Riviera
    • Directions: Head West on Vista Del mar then left on to Esplanade
    • Zoning: RBRMD
    • Source Property Type: Residential Income
    • Area: 128 - Hollywood Riviera
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 65
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
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BuyOwner last updated this listing 04/04/2025 @ 02:43

  • MLS: SB25067947
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 7,155 sqft, 7,281 sized lot, and 10 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Redondo Beach , in zip code 90277, this Los Angeles County Home are nearby neighborhoods.