1710 Esplanade, Redondo Beach, CA 90277
1710 Esplanade, Redondo Beach, CA 90277
1710 Esplanade, Redondo Beach, CA 90277
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John R Thompson

John R Thompson

+1(805) 796-5221
Listed by Rami Elminoufi • Beach City Brokers
$8,950,000
Est. payment /mo
5,962 SqFt
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Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,962 sqft

Price per Sqft $1,501

MLS Listing ID SB-26148603

Year Built 1956

Lot Size 6,796 Sqft

Property Sub-Type Apartment

Source California Regional Multiple Listing Service (CRMLS)

Property Description

We are pleased to present 1710 Esplanade, a rare opportunity to acquire a stabilized beachfront income property featuring seller financing at 3.50% interest-only with 50% down—a financing structure well below today's conventional multifamily rates that offers investors meaningful cash flow savings and enhanced 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

State CA

County Los Angeles

Area 157 - S Redondo Bch S Of Pch

Zoning RBRMD

Interior

Heating Wall Furnace

Fireplaces Type None

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 8.0

Pool None

Community Features Biking, Curbs, Sidewalks, Street Lights, Watersports

Utilities Available Sewer Connected, Water Connected, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

View Y/N Yes

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

Building

Lot Description 0-1 Unit/Acre

Sewer Conventional Septic

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John R Thompson

John R Thompson

+1(805) 796-5221

Broker/Owner | License ID: 01200900

Broker/Owner License ID: 01200900

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1710 Esplanade