NOT LISTED FOR SALE

1806 Esplanade Redondo Beach, CA 90277

13 Beds
9 Baths
6,075 Sq Ft
8,197 Sq Ft Lot

Last Sold April 04, 2014

Last sale price $4,258,000 $701 Per Sq Ft

9 Days on Market

Highlights

  • Ocean Front
  • Traditional Architecture
  • Bonus Room
  • Tulita Elementary School Rated A+
  • Wood Flooring
  • 1-minute walk to Miramar Park

About This Home

As of April 2014

This building is a Gem!! Owner lived at this property for over 45 years and maintained to perfection. 8 units, 8 garages, 9 off-street parking spots, large open decks overlook the Pacific Ocean and Palos Verdes Peninsula. Private rear yard with access from owners 3bedroom 2 bath unit, 3 x 2bedroom units. 4x1-bedroom units with open deck area like a front yard, sit and relax and enjoy the ocean view and breeze. This property has been loved and taken care of like it was home because it was. 2 car owners unit garage has additional large permitted hobby/bonus room for whatever your needs are. Hobby room, workshop, storage or whatever you need an additional enclosed 300 square feet for, this extra adds value. Both owners unit 3 bedroom and upper 2 bedroom front units have fireplace. The property has so much potential and as it sits is as beautiful as they come. Private laundry room includes owners washer and dryer, separate secure cabinet for each unit, additional storage room adjacent with closet and additional space. This kind of opportunity does not come along often. Please do not disturb tenants. Built in 1953 most of the units include hardwood flooring.

Last Agent to Sell the Property

David Clayton

Estate Properties License #00675768 Listed on: 02/24/2014

Last Buyer's Agent

Rosanna Libertucci

West Shores Realty, Inc. License #00939714

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 8,197 Sq Ft Lot
  • Ocean Front
  • Two or More Common Walls
  • Southwest Facing Home
  • Landscaped
  • Corner Lot
  • Irregular Lot
  • Lawn
  • Back and Front Yard

Parking

  • 8 Car Garage
  • Parking Available
  • Driveway
  • Assigned Parking

Property Views

  • White Water Ocean
  • Coastline

Home Design

  • Traditional Architecture
  • Property Attached
  • Brick Exterior Construction
  • Fire Rated Drywall
  • Tar and Gravel Roof
  • Stucco

Interior Spaces

  • 6,075 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Living Room with Fireplace
  • Bonus Room
  • Workshop

Kitchen

  • Gas Cooktop
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • More Than Two Accessible Exits
  • Rain Gutters
  • Heating Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance
  • Tax Lot 11
  • Tax Tract Number 10303
  • Assessor Parcel Number 7511016010

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $1,200
  • Insurance Expense $3,000
  • Maintenance Expense $10,000
  • Professional Management Expense $10,000
  • Trash Expense $1,044
  • Water Sewer Expense $1,500
  • New Taxes Expense $52,250
  • Gross Income $206,400
  • Net Operating Income $125,296

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • Inclusions: Washer and Dryer in Laundry room.
  • Other Phone Description: 310-802-2477
  • Professional Management Expense: 10000.00
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 7511016010
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Tile Counters, Unfurnished
  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Accessibility Features: 2+ Access Exits
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Three Or More
  • Price Per Square Foot: 700.91
  • Room Type: Bonus Room, Living Room, Workshop
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: Southwest
  • Exterior Features: Rain Gutters
  • View: Coastline, Ocean, White Water
  • Pool Private: No
  • Roof: Tar/Gravel
  • Spa: No
  • Construction Materials: Brick, Drywall Walls, Stucco

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway, Garage
  • Total Parking Spaces: 17.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooktop, Refrigerator
  • Electric: Electricity - On Property
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Individual Room, Washer Hookup, Washer Included
  • Trash Expense: 1044.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Lot Features: Back Yard, Front Yard, Lawn, Landscaped, Irregular Lot, Lot 6500-9999, Corner Lot, Walkstreet
  • Lot Size Sq Ft: 8197.00
  • Lot Size Acres: 0.1880

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance

Multi Family

  • Average1 Bed Area: 600
  • Average2 Bed Area: 800
  • Average3 Bed Area: 1250
  • Electric Expense: 1200.00
  • Gross Income: 206400.00
  • Gross Multiplier: 20.25
  • Gross Scheduled Income: 206400.00
  • Insurance Expense: 3000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 8197.0000 Square Feet
  • Maintenance Expense: 10000.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 125296.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Number With Carpet: 7
  • Number With Disposal: 8
  • Number With Drapes: 8
  • Number With Patio: 8
  • Number With Range: 8
  • Operating Expense: 81104.00
  • Operating Expense Percent: 40.00
  • Other Income Description: Laundry inc buyer to verify
  • Rent Control: No
  • Waterfront Features: Ocean Front

Tax Info

  • New Taxes Expense: 52250.00
  • Tax Lot: 11
  • Tax Tract Number: 10303
  • Tax Year: 2012

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/04/2014 04/04/14 Sold $4,258,000 +1.9% $701 / Sq Ft
03/05/2014 03/05/14 Pending -- -- --
02/24/2014 02/24/14 For Sale $4,180,000 -- $688 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14038462

California Regional Multiple Listing Service (CRMLS)