1100 Esplanade, Redondo Beach, CA 90277
-
Listed Price :
$13,995,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1958
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 |
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. |
List Price |
$13,995,000 |
Status |
Pending |
Type |
Residential Income |
Subtype |
Apartment |
Structure Size |
N/A |
Lot Size |
11,236 |
Year Built |
1958 |
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.