Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

8

Building size

5,962 sqft

Lot size

6,796 sqft

Year built

1956

Stories

2

Garage spaces

8

Heating

Wall Furnace

Pool

None

View

Coastline,Ocean,Mountain(s),Pier,White Water,City Lights,Neighborhood,Hills,Water,Panoramic

Status

Active

Days on market

78

MLS #

245291855

About this property

!!SELLER FINANCING!! available at [3.50%] interest-only with 40-50% down. 1710 Esplanade presents a rare opportunity to acquire a stabilized beachfront income property with attractive financing terms that reduce borrowing costs, support cash flow, and enhance potential leveraged returns.Comprising eight panoramic ocean-view units across two levels, the property benefits from historically strong rental demand, affluent tenant demographics, and immediate proximity to the South Bay's premier lifestyle and employment hubs. The interiors feature exposed-beam ceilings, custom cabinetry, stone countertops, and stainless steel appliances. Capital improvements include advanced sub-floor soundproofing, dual-pane windows, upgraded security access gates, communal courtyard with a commercial-grade BBQ, and dedicated garages. Positioned just steps from the beach and an easy walk to the dining, shopping, and entertainment of the Riviera Village. 1710 Esplanade offers a rare combination of irreplaceable beachfront real estate, stable income, and below-market seller financing that is seldom available in today's investment market. Flanked by Manhattan Beach and Hermosa Beach to the north and the Palos Verdes Peninsula to the south. The South Bay coastal lifestyle needs little introduction: nearly 300 days of sunshine annually, The Strand connecting three of LA’s most coveted beach communities, and a walkability and outdoor culture that tenants actively seek and rarely leave. The Beach Communities multifamily submarket reflects this demand, commanding average asking rents more than 15% above the Greater Los Angeles metro average, sustained by one of the most supply-constrained development pipelines in the region.

Location

1710 Esplanade

Redondo Beach, Los Angeles, CA, 90277