608 Esplanade

Redondo Beach, CA 90277

  • 0 Bed(s)
  • 0 Bath(s)
  • 7,236 Sqft
  • 9639
    Sqft(Lot)
$5,000,000

Description

Incredible opportunity to own a rare ocean view generational asset on the esplanade in redondo beach. first time on the market in over 40 years, this huge 7 unit (plus 1 non-conforming) apartment building offers over 7,000 square feet of rentable square footage on a nearly 10,000 square foot lot with 7 garage parking spaces. enormous unique 2 story owner's unit loft style apartment with jaw-dropping ocean views, beamed ceilings, skylights, direct access elevator, large open concept kitchen, balcony, office, den, fireplace, wet bar, and 2 bathrooms. 6 other separately metered spacious apartments including one 2 bed/1 bath unit with ocean views, two 2 bed/2 bath units, and three 1 bed/1 bath units plus one non-conforming studio above the garages in the rear of property (check for adu potential). well priced on income for ocean front multifamily at 19x grm on actual rents with a 30% upside to 14.8x grm on market rents. extremely well maintained property with very little deferred maintenance. newer windows, clean units, and individual water heaters.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48458016

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1956
    • Building Area Total: 7,236

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2213
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 9639

  • Listing Price Information

    • Original List Price: 5,000,000
    • Listing Contract Date: 2025-01-29

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7508006017

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 157 - S Redondo Bch W of PCH
    • Directions: East side of Esplanade near Sapphire
    • Zoning: RBRMD
    • Source Property Type: Residential Income
    • Area: 157 - S Redondo Bch W of PCH
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 69
    • Common Walls: 2+ Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: Ground level
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 01/31/2025 @ 07:04

  • MLS: SB25021284
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 7,236 sqft, 9,639 sized lot, and 8 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.