Listing provided courtesy of Michael Millea of Lyon Stahl Investment Real Estate, Inc.. Last updated 2024-09-07 08:11:37.000000. Listing information © 2024 CRMLS.

Asking Price: $13,995,000

1100 Esplanade, Redondo Beach CA 90277

Community: ​157 - S Redondo Bch W of PCH

Status: Pending

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This Apartment property was built in 1958 and is priced at $13,995,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: 372934808
  • Type: Apartment
  • Year Built: 1958
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.

Call or Email AK Luxury Properties now to inquire about this property

424-345-1600