- N/A BR
- 0 BA
- N/A SqFt.
- 7,964 Lot
- $10,250,000
- Closed
- 9/6/24
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.
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Property Details for 1100 Esplanade 10
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- Michael Millea
- Listing Brokered By
- Lyon Stahl Investment Real Estate, Inc.
- Type
- Residential Income, Apartment
- Year Built
- 1958 (Assessor)
- MLS Area
- 157 - S Redondo Bch W of PCH
Price and MLS Information
- Status
- Closed | Listing History
- MLS Days on Mkt.
- 9 DOM
- Combined DOM*
- 9
- First Date Active
- June 18th, 2024
- Closing Date
- September 26th, 2024
- Sold Price
- $13,317,750
- Orig. List Price
- $14,995,000
- MLS® #
- SB24124464
- APN
- 7509006021
- Special
- Standard
Home Interior Information
- Levels/Stories
- Three Or More
- Heating
- Wall Furnace
- Cooling
- None
- Fireplaces
- None
Room Information
- Laundry
- CommonArea
Exterior Information
- Lot Description
- Corner Lot, Front Yard, Level, Near Public Transit, Street Level
- Lot Size (sq. ft.)
- 11,236
- Lot Size (acres)
- 0.26
- Pool
- In Ground, Private
- Parking Spaces
- 16
- Garage Spaces
- 16
View, Style & Tour Information
- View
- Coastline, Ocean, Panoramic
Utilities Information
- Water Source
- Public
Additional Information
- Zoning
- RBRMD
* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.
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Neighborhood Information
- MLS Area
- 157 - S Redondo Bch W of PCH
- City/State
- Redondo Beach
- Zip Code
- 90277
- County
- Los Angeles
- # of Units
- 16
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Listing/Price History
1100 Esplanade 10, Redondo Beach, (MLS® #SB24124464)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | $13,317,750 | – | |
| Pending (from Active) | – | – | |
| Price Reduced (from $14,995,000) | $13,995,000 | $1,000,000 (6.67%) | |
| First Day Active | $14,995,000 | – |
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Listing Summary
Quick Summary of 1100 Esplanade 10: This home in Redondo Beach is priced at $13,995,000 . The Apartment residence was originally built in 1958 and was listed on June 18th, 2024 at $14,995,000, showing 9 Days on Market currently. Contact Dave Fratello today for more information or to go see 1100 Esplanade 10.
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Sold Listings Similar to 1100 Esplanade 10, Redondo Beach
Based on information from California Regional Multiple Listing Service, Inc. as of December 13th, 2024 at 1:56pm PST. 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, 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.
