1100 Esplanade

Redondo Beach, CA 90277

$13,995,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $900 / sqft

1958

calendar_month Built

Property Description

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Fireplace Information
Features None
Interior Information
Cooling Type None

Listing Information

Address 1100 Esplanade
City Redondo Beach
State CA
Zip 90277
County Los Angeles
Listing Agent Michael Millea DRE#01069014
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
MLS SB24124464
List Price $13,995,000
Status Pending
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 11,236
Year Built 1958
DOM 9

Exterior Information

Maps

Listing information courtesy of: Michael Millea, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 27th, 2024 at 11:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.