1606 Esplanade, Redondo Beach, 90277

REDUCED 8% Residential Income For Sale

$6,200,000

Beds
Baths
6,664Sqft
.18Acres
9Garages
1956Built
32DOM
MLS® #: SB19195714
Active, 32 Days on Market

This ocean front property in South Redondo Beach is truly one of a kind! This property along with a vacant lot have been family owned for many years and have unobstructed views from Palos Verdes to Malibu. This Property has a beautifully maintained 8 unit apartment building and next door the other Property is a vacant lot. Both are located on a prime block of the Esplanade which is a dream location for walking along the beach front and walking around the corner to the local shops and restaurants in the wildly popular Riviera Village.The two Properties combine for a total of 14,820 sq ft and can be sold separately or together. These properties are ideal for investors or developers. The vacant lot contains 6,950 sq ft and is priced at $3,900,000 and the Apartment Building is on 7,870 sq ft and has two separate buildings containing 8 units. 4 of the units have full ocean views and 4 units have partial ocean views. The owner has been active in the management of the buildings which is reflected in the condition and upkeep and quality of tenants. The roof and galvanized pipes were replaced in the past 15 years and the building has newer stucco that was repainted in 2013 along with gutters, awnings, and the replacement of ranges with stainless steel units and Corian counters. With each new tenant the carpet is replaced and painted. There are newer wall heaters as well. This is a once in a lifetime opportunity to purchase these prime beachfront properties.

Price & Status History

Date Details
Price Reduced from $6,750,000 to $6,200,000

Essential Information

MLS® #: SB19195714
Price: $6,200,000
Square Footage: 6,664
Acres: 0.18
Year Built: 1956
Type: Residential Income
Status: Active

Community Information

Address: 1606 Esplanade
County: Los Angeles
State: CA
Zip Code: 90277

Amenities

Parking Spaces: 9
# of Garages: 9
Is Waterfront: Yes
Waterfront: Ocean Front

Interior

Appliances: Gas Range
Heating: Wall Heater
Cooling: None
Stories: Two

Exterior

Lot Description: Lot-Level/Flat, Lot Shape-Rectangular
Roof: Composition

Additional Information

Date Listed: August 15th, 2019
Days on Market: 32
Zoning: RBRMD

Listing Details

Listing Agent: Abigail Waddell(00892590)
Listing Office: Keller Williams Beach Cities

Financials

$/SqFt: $930

Welcome to this 0 bedroom 0 bath Residential Income in the S. Redondo Beach South of PCH (157) section of Redondo Beach located at 1606 Esplanade built in 1956. It is 0 square feet and the current asking price is $ 6,200,000.

Based on information from California Regional Multiple Listing Service, Inc. as of September 17th, 2019 at 5:37am PDT. 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.