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$6,500,000
Est. payment /mo
7,155 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,155 sqft
Price per Sqft $908
MLS Listing ID CRSB25067947
HOA Y/N No
Year Built 1960
Lot Size 7,281 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
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.
Location
State CA
County Los Angeles
Zoning RBRM
Interior
Fireplace No
Laundry Other
Exterior
View Y/N true
View Water, Other, Ocean
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7511016008
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Listed by Austin Zahn • Lyon Stahl Investment Real Estate, Inc.