508 ESPLANADE, Redondo Beach, CA 90277 (MLS # 16173614)

508 ESPLANADE, Redondo Beach, CA 90277 (MLS # 16173614)


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PRICE $5,499,000
BEDS 8
BATHS 8 full
HOME SIZE 4,780 sq ft
LOT SIZE 6,410 sqft

We are proud to announce the listing of 508 Esplanade. A beautiful 2 story building consisting of 6 units sitting west of PCH in the highly sought after Redondo Beach area. The property boasts a fantastic mix of 4 single bedrooms, 1 two bedroom and 1 three bedroom ( Two units have Peek-a-boo views of Blue water). Ideally located within 500 ft from the sand of the beach. With all long term tenants being below asking rents for this area. The property offers plenty of upside potential. It is especially important to note that this property is not subject to "rent control" and as such bringing in new tenants at a higher rate would be possible almost immediately. This would be a great property for any developer as the surrounding area consists mainly 3 stories and above on similar zoning. ( Note property is street to street - additional garages and parking on Sunset/alley in rear street). Pro-forma rents are $ 178,200 annually.

DAYS ON MARKET 153 LAST UPDATED 10/27/2016
YEAR BUILT 1963 COMMUNITY S Redondo Bch W of PCH
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential, Condominium


ADDITIONAL DETAILS
ARCHITECTURALSTYLE See Remarks
ASSOCIATIONAMENITIES Other
BATHROOMSFULL 8
BATHROOMSHALF 0
BATHROOMSONEQUARTER 0
BATHROOMSTHREEQUARTER 0
CITY Redondo Beach
COUNTYORPARISH Los Angeles
FIREPLACEFEATURES See Remarks
FLOORING See Remarks
HEATING See Remarks
LAUNDRYFEATURES See Remarks
LISTAGENTAOR Out of Area Board
LOTFEATURES Sprinklers None
LOTSIZEUNITS Square Feet
MAJORCHANGETYPE New Listing
MLSAREAMAJOR 157 - S Redondo Bch W of PCH
PARKINGFEATURES Converted Garage
POOLFEATURES None
PRICEPERSQUAREFOOT 1150.42
PROPERTYSUBTYPE Condominium
PROPERTYTYPE Residential
ROOMTYPE See Remarks
SPECIALLISTINGCONDITIONS Standard
STANDARDSTATUS Active
STATEORPROVINCE California
VIEW Water

ZESTIMATE
  508 ESPLANADE, Redondo Beach, CA

RENT ZESTIMATE
  508 ESPLANADE, Redondo Beach, CA

78 Very Walkable

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Listing provided by : Gregory Engel, Douglas Elliman

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 3/23/17 11:16 AM PDT and /or other sources. 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

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