608 Esplanade, Redondo Beach CA, 90277

Active

608 Esplanade

Redondo Beach CA, 90277

$5,000,000

$690.99 per sqft

Active

7,236 sqft

Condos

Built in 1956

Listed by Anthony Walker with Buckingham Investments, Inc 310-561-4776

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.

SB25021284

MLSⓇ ID

January 29, 2025

Listed

January 30, 2025

Updated

Map

608 Esplanade
Redondo Beach CA, 90277

Interior Features

Total Stories: 2
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.22 Acres
Lot Features: Landscaped
Sewer: Public Sewer

Other Property Details

Area Name: 157 - S Redondo Bch W of PCH
Days on Market: 1
Garage: Yes
Garage Spaces: 8
Parking Total: 10
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: RBRMD

Listing Contact: 310 982-7055

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 1/30/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 1/30/2025 at 6:58 PM UTC