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Listed by Austin Zahn • Lyon Stahl Investment Real Estate, Inc.
$ 7,150,000
Est. payment | /mo
7,281 Sqft Lot
$ 7,150,000
Est. payment | /mo
7,281 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25067947
Originating Board California Regional MLS
Year Built 1960
Lot Size 7,281 Sqft
Property Description
Introducing a rare investment opportunity at 1802 Esplanade, Redondo Beach - a 10-unit property in one of the most desirable coastal neighborhoods in Southern California. This exceptional property features a highly sought-after unit mix, including four (4) 2-bedroom, 2-bathroom units and six (6) 1-bedroom, 1-bathroom units, making it an ideal choice for tenants seeking the ultimate beachside lifestyle. Located on the prestigious Esplanade, this property is just steps from the sand, offering breathtaking ocean views and refreshing sea breezes. Residents will enjoy the convenience of being within walking distance to the Redondo Beach Pier, Riviera Village, and Veterans Park, where they can explore top-tier dining, boutique shopping, and vibrant entertainment. Currently operating at a 3.14% cap rate the 50% upside in rents allows an investor to achieve a pro-forma cap rate of 5.51%! Whether you're looking to expand your portfolio or secure a trophy asset in one of LA's most sought-after beach communities, this is an opportunity you won't want to miss.
Location
State CA
County Los Angeles
Area 128 - Hollywood Riviera
Interior
Laundry Laundry Area
Exterior
Garage Spaces 10.0
Pool None
View Ocean, Other, Water
Building
Water District - Public
Others
Tax ID 7511016008
Special Listing Condition Not Applicable
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Ben Dodge
REALTOR® | Lic# DRE 01959374