608 Esplanade Redondo Beach, CA 90277
Multi-Family (2-4 Units)
MLS #: SB25021284
Courtesy Of Buckingham Investments, Inc.
$5,000,000
10 beds
|
10 baths
|
7,236 sq ft
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Estimated monthly payments:
$21,857/mo.* (recalculate)
Property InformationDescription
Incredible opportunity to own a rare ocean view generational asset on the Esplanade in Redondo Beach. First time on the market in over 40 years, this huge 7 unit (plus 1 non-conforming) apartment building offers over 7,000 square feet of rentable square footage on a nearly 10,000 square foot lot with 7 garage parking spaces. Enormous unique 2 story owner's unit loft style apartment with jaw-dropping ocean views, beamed ceilings, skylights, direct access elevator, large open concept kitchen, balcony, office, den, fireplace, wet bar, and 2 bathrooms. 6 other separately metered spacious apartments including one 2 bed/1 bath unit with ocean views, two 2 bed/2 bath units, and three 1 bed/1 bath units plus one non-conforming studio above the garages in the rear of property (check for ADU potential). Well priced on income for ocean front multifamily at 19X GRM on actual rents with a 30% upside to 14.8X GRM on market rents. Extremely well maintained property with very little deferred maintenance. Newer windows, clean units, and individual water heaters.
Features
- Age: Over 50 Years Old
- Amenities: Dock
- Architecture Style: Other
MAP & DIRECTIONS
School Information
608 Esplanade, Redondo Beach, CA 90277
Elementary School
Grades KG-5 |
Public School
ALTA VISTA ELEMENTARY SCHOOL
Redondo Beach, CA 90277
815 Knob Hill Ave
310.798.8650
Distance: 0.7 mi
School Rating
A-
Student:Teacher Ratio
23:1
Total Students
581
Middle School
Grades 6-8 |
Public School
PARRAS MIDDLE SCHOOL
Redondo Beach, CA 90277
200 N Lucia Ave
310.798.8616
Distance: 1.1 mi
School Rating
A-
Student:Teacher Ratio
28:1
Total Students
1184
High School
Grades 9-12 |
Public School
REDONDO UNION HIGH SCHOOL
Redondo Beach, CA 90277
1 Sea Hawk Way
310.798.8665
Distance: 0.9 mi
School Rating
A
Student:Teacher Ratio
26:1
Total Students
3117
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Playhouse Preschool & Kindergarten | 0.5 mi | Private | PK-KG | |
| Carden School | 0.6 mi | Private | PK-TKG | |
| South Bay Faith Academy | 0.6 mi | Private | KG-12 | |
| The Knowing Garden | 0.9 mi | Private | KG-5 | |
| Bishop Montgomery High School | 1.0 mi | Private | 9-12 | |
| Tulita Elementary School | 1.1 mi | Public | KG-5 | A+ |
| Redondo Beach Learning Academy | 1.1 mi | Public | 9-12 | |
| Patricia Dreizler Continuation High School | 1.1 mi | Public | 9-12 | B |
| St Lawrence Martyr Elementary School | 1.3 mi | Private | KG-8 | |
| Riviera Hall Lutheran School | 1.3 mi | Private | KG-8 | |
| Beryl Heights Elementary School | 1.4 mi | Public | KG-5 | B+ |
| Anza Elementary School | 1.4 mi | Public | KG-5 | A- |
| West High School | 1.5 mi | Public | 9-12 | A |
| Victor Elementary School | 1.6 mi | Public | KG-5 | A |
| St James Elementary School | 1.6 mi | Private | KG-8 | |
| Seaside Elementary | 1.6 mi | Public | KG-5 | A- |
| Towers Elementary School | 1.7 mi | Public | KG-5 | A |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Redondo Beach, CA 90277
| Median Age: | 43.8 |
|---|---|
| Married: | 43% |
| Number of Households: | 16,082 |
| Households with Children: | 22.4% |
Redondo Beach, CA 90277
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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