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508 Esplanade
Redondo Beach, CA 90277
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Building Size | 4,780 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1963 |
| Building Class | C | Parking Ratio | 2.51/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | RBRMD | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,780 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.51/1,000 SF |
| Zoning | RBRMD |
ABOUT 508 ESPLANADE , REDONDO BEACH, CA 90277
The Altman Brothers Commercial Div. are proud to announce their listing of 508 Esplanade. A beautiful 2 story building consisting of 6 units sitting west of PCH in the highly sought after Redondo Beach area. The property boasts a fantastic mix of 4 single bedrooms, 1 two bedroom and 1 three bedroom ( Two units have Peek-a-boo views of Blue water). Ideally located within 500 ft from the sand of the beach. With all long term tenants being below asking rents for this area. The property offers plenty of upside potential. It is especially important to note that this property is not subject to "rent control" and as such bringing in new tenants at a higher rate would be possible almost immediately. This would be a great property for any developer as the surrounding area consists mainly 3 stories and above on similar zoning. ( Note this property is street to street - additional garages and parking on Sunset/alley in rear street). Pro-forma rents are $ 178,200 annually. Conveniently located a few blocks from the pier and Veterans park. Within walking distance to the cities farmers market, shops and restaurants. Considered Beach Property. Great Rental Income
PROPERTY TAXES
| Parcel Number | 7508-005-018 | Improvements Assessment | $1,301,437 |
| Land Assessment | $2,734,114 | Total Assessment | $4,035,551 |
PROPERTY TAXES
