508 Esplanade

    Redondo Beach, CA 90277
    • $3,995,000
    • STATUS: Active Under Contract
    • ON SITE: 173 days
    • ID#: 18337022
    Under Contract
    UPDATED: 66 min ago
    $3,995,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,780
      SQFT
    • $836
      $/SQFT
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    -Outstanding A+ South Redondo Beach Location on the Renown Esplanade - Steps from the Pacific Ocean -Large 6,410-SF Lot, Prime for Development - 3-Unit Town-Home Site -Legacy Property that has Not Changed Ownership in Decades. Generational Asset that has Commanded Strong Historical Appreciation -Located Next to Redondo Beach Proposed Water Front Project -Consists of (1) 2-Bed/1.75-Bath Owner's Unit, (1) 3-Bed/2-Bath Unit, and (4) 1-Bed/1-Bath Units -Large 2-Bedroom/1.75-Bathroom Owner's Unit with Private Deck and Fireplace -Ample Parking with Garage Parking Plus One Tandem Space for Each Unit -Non-Rent Controlled Asset with Over 36% in Immediate Rental Upside

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T00:28:23.583. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/82927642

    508 Esplanade Redondo Beach, CA 90277

    • Price: $3,995,000
    • Status: Active Under Contract
    • Updated: 66 min ago
    • ID#: 18337022
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,780
    SQFT
    $836
    $/SQFT
    1963
    Built
    Neighborhood:
    157 - S Redondo Bch W of PCH
    County:
    Los Angeles
    Area:
    157 - S Redondo Bch W of PCH
    Property Description
    -Outstanding A+ South Redondo Beach Location on the Renown Esplanade - Steps from the Pacific Ocean -Large 6,410-SF Lot, Prime for Development - 3-Unit Town-Home Site -Legacy Property that has Not Changed Ownership in Decades. Generational Asset that has Commanded Strong Historical Appreciation -Located Next to Redondo Beach Proposed Water Front Project -Consists of (1) 2-Bed/1.75-Bath Owner's Unit, (1) 3-Bed/2-Bath Unit, and (4) 1-Bed/1-Bath Units -Large 2-Bedroom/1.75-Bathroom Owner's Unit with Private Deck and Fireplace -Ample Parking with Garage Parking Plus One Tandem Space for Each Unit -Non-Rent Controlled Asset with Over 36% in Immediate Rental Upside
    Exterior Features

    Garage Spaces 6.00 Lot Size Source Estimated Lot Size Units Square Feet Parking Features Garage Parking Total 6.00 Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 2.11 Gross Multiplier 26.41 Gross Operating Income 151260.00 Improvements Amount 475565 Insurance Expense 2008.00 Land Value 1379164 Laundry YN Yes Maintenance Expense 2400.00 Net Operating Income 84157.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Other Expense 1800.00 Other Income1 1200.00 Special Listing Conditions Standard Taxes Percent 1.25 Total Actual Rent 151260.00 Total Expenses 63765.00 Trash Expense 1200.00 Vacancy Allowance 4473 Vacancy Allowance Rate 3.00 Water Sewer Expense 5220.00 Zoning Rbrmd

    Listing provided courtesy of Gianluca Jacoli of Cbc Advisors and Jonathan Nikfarjam of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T00:28:23.583. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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