$13,995,000 Price Analysis   ♡   Redondo Beach, CA 90277 29 bed 26 bath 15,541 SqFt ($900/SqFt) 0.26 acre lot. Built 1958 Listed 2024-06-19, Taxes $17,370 | Ⓧ USDA Ineligible due to price & location near Redondo Beach |
Rare Opportunity to Purchase a 16-Unit Building on the Esplanade with Unobstructed Ocean Views.
* Sale Pending *First time on the market in over 40 years. Developer Could Hold this Property as Income Property Until Ready to Build. Proprty 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.
Presented by Michael C Millea at
Lyon Stahl Investment Re, Inc.
Property MLS #SB24124464 from CRMLS
Bedrooms: 29
Laundry Features: Common Area
Full Bathrooms: 26
Heating Features: Wall Furnace
Heating: Yes
Heating: Yes
Pool Features: Private, In Ground
Pool Private: Yes
Pool Private: Yes
Lot Description: Corner Lot, Front Yard, Level with Street, Lot 10000-19999 Sqft, Level, Near Public Transit
Lot Size Acres: 0.2579
Lot Size Source: Assessor
Lot Size Square Feet: 11236
Lot Size Acres: 0.2579
Lot Size Source: Assessor
Lot Size Square Feet: 11236
Garage Spaces: 3
Parking Total: 16
Parking Total: 16
View: Coastline, Ocean, Panoramic
Number of Units: 16
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 1
Unit-3 Garage Spaces: 1
Calculated Total Monthly Association Fees: 0
Gardener Expense: 3600.00
Maintenance Expense: 26642.00
Gardener Expense: 3600.00
Maintenance Expense: 26642.00
Number of Units Leased: 16
Tenant Pays: Electricity, Gas
Vacancy Allowance: 14022
Tenant Pays: Electricity, Gas
Vacancy Allowance: 14022
Community Features: Curbs, Hiking, Sidewalks
Source Listing Status: Pending
County: Los Angeles
Tax Year: 2023
Source Property Type: Residential Income
Insurance Expense: 24866.00
Area: 157 - S Redondo Bch W of PCH
Source Neighborhood: 157 - S Redondo Bch W of PCH
New Taxes Expense: 164002.00
Number of Separate Electric Meters: 16
Number of Separate Gas Meters: 16
Number of Separate Water Meters: 1
Parcel Number: 7509006021
Postal Code Plus 4: 4970
Professional Management Expense: 35552.00
Trash Expense: 4980.00
Zoning: RBRMD
Source System Name: C2C
County: Los Angeles
Tax Year: 2023
Source Property Type: Residential Income
Insurance Expense: 24866.00
Area: 157 - S Redondo Bch W of PCH
Source Neighborhood: 157 - S Redondo Bch W of PCH
New Taxes Expense: 164002.00
Number of Separate Electric Meters: 16
Number of Separate Gas Meters: 16
Number of Separate Water Meters: 1
Parcel Number: 7509006021
Postal Code Plus 4: 4970
Professional Management Expense: 35552.00
Trash Expense: 4980.00
Zoning: RBRMD
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $755,490 + $388,118 $1,143,608 | $17,370 |
| 2021 | $740,677 + $380,508 $1,121,185 | $17,624 |
| 2020 | $733,083 + $376,607 $1,109,690 | $17,629 |
| 2019 | $718,709 + $369,223 $1,087,932 | $17,345 |
| 2018 | $704,617 + $361,984 $1,066,601 | $16,871 |
| 2017 | $690,801 + $354,887 $1,045,688 | $16,585 |
| 2016 | $677,256 + $347,929 $1,025,185 | $16,169 |
| 2015 | $667,083 + $342,703 $1,009,786 | $15,931 |
| 2014 | $654,016 + $335,990 $990,006 | $15,862 |
| 2013 | $651,061 + $334,472 $985,533 | $15,435 |
| 2012 | $638,296 + $327,914 $966,210 | $14,808 |
| 2010 | $625,781 + $321,485 $947,266 | $13,952 |
| 2009 | $622,581 + $319,842 $942,423 | $13,666 |
| 2009 | $621,105 + $319,083 $940,188 | $13,666 |
| 2008 | $610,374 + $313,571 $923,945 | $13,317 |
| 2007 | $598,406 + $307,423 $905,829 | $12,576 |
Price Changed 2024-06-26
$13,995,000
CRMLS
Listed 2024-06-19
$14,995,000
CRMLS
$13,995,000
CRMLS
Listed 2024-06-19
$14,995,000
CRMLS
Net Operating Income: 175474.00
Total Square Feet Living: 15541
Year Built: 1958
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Front Gate
Property Age: 66
Levels or Stories: Three Or More
Building Total Stories: 3
Structure Type: Apartment
Year Built Source: Assessor
Year Built: 1958
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Front Gate
Property Age: 66
Levels or Stories: Three Or More
Building Total Stories: 3
Structure Type: Apartment
Year Built Source: Assessor
Electric Expense: 3300.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 10110.00
Water Source: Public
Sewer: Sewer: Public Sewer, Water Sewer Expense: 10110.00
Water Source: Public
Tulita Elementary School is a public elementary school located approximately 0.8 miles away.
Map directions
Map directionsRedondo Union High School is a public high school located approximately 1.4 miles away.
Map directions
Map directionsParras (Nick G.) Middle School is a public middle school located approximately 1.5 miles away.
Map directions
Map directionsCarden School is a private elementary school located approximately 0.3 miles away.
Map directions
Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.