NOT LISTED FOR SALE

508 Esplanade Redondo Beach, CA 90277

9 Beds
8 Baths
4,780 Sq Ft
6,410 Sq Ft Lot

Last Sold October 15, 2018

Last sale price $3,610,000 $755 Per Sq Ft

133 Days on Market

About This Home

As of October 2018

-Outstanding A+ South Redondo Beach Location on the Renown Esplanade - Steps from the Pacific Ocean -Large 6,410-SF Lot, Prime for Development - 3-Unit Town-Home Site -Legacy Property that has Not Changed Ownership in Decades. Generational Asset that has Commanded Strong Historical Appreciation -Located Next to Redondo Beach Proposed Water Front Project -Consists of (1) 2-Bed/1.75-Bath Owner's Unit, (1) 3-Bed/2-Bath Unit, and (4) 1-Bed/1-Bath Units -Large 2-Bedroom/1.75-Bathroom Owner's Unit with Private Deck and Fireplace -Ample Parking with Garage Parking Plus One Tandem Space for Each Unit -Non-Rent Controlled Asset with Over 36% in Immediate Rental Upside

Last Agent to Sell the Property

Gianluca Jacoli

Shield CRE, Inc. License #01938297 Listed on: 04/25/2018

Co-Listed By

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803

Last Buyer's Agent

Jonathan Nikfarjam

Shield CRE, Inc. License #01856803

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 6,410 Sq Ft Lot

Parking

  • 6 Car Garage

Interior Spaces

  • 4,780 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Community Details

  • 6 Units
  • Vacancy Allowance $4,473

Listing and Financial Details

  • Assessor Parcel Number 7508-005-018

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 4780
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Price Per S Q F T: 835.77

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Wood
  • Paved: Yes
  • Pool: No

Garage/Parking

  • Garage Spaces: 6
  • Covered Parking: 6
  • Parking Garage: Garage
  • Total Parking: 12

Utilities

  • Number Electric Meters: 6
  • Number Gas Meters: 6
  • Water Expense: 5220.00
  • Water Heaters: Yes

Fee Information

  • Insurance Expense: 2008.00
  • Maintenance Expense: 2400.00
  • Other Expense: 1800.00
  • Trash Expense: 1200.00

Lot Info

  • Assessed Improvement Value: 475565
  • Assessed Land Value: 1379164
  • Assessor Parcel Number: 7508-005-018
  • Geocode Override: No
  • Lot Size Area: 6410

Rental Info

  • Total Actual Rent: 151260.00
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 26.41
  • Number Of Units: 6
  • Rent Control: 0
  • Total Annual Expense: 63765
  • Type Of Units: 3, 2, 1 Bdr
  • Vacancy Allow: 4473
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3%

Tax Info

  • Tax Expense: 49938.00
  • Tax Percent: 1.25
  • Tax Total: 49938.00

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
10/15/2018 10/15/18 Sold $3,610,000 -9.6% $755 / Sq Ft
04/25/2018 04/25/18 For Sale $3,995,000 -- $836 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Gianluca Jacoli

    Seller's Agent in 2018

    Gianluca Jacoli

    Shield CRE, Inc.

    (510) 708-2662

    7 in this area

    46 Total Sales

    Gianluca Jacoli
    Section Image
  • Jonathan Nikfarjam

    Seller Co-Listing Agent in 2018

    Jonathan Nikfarjam

    Shield CRE, Inc.

    (310) 880-6807

    1 in this area

    73 Total Sales

    Jonathan Nikfarjam
    Section Image
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Map

Source: The MLS

MLS Number: 18-337022

The MLS
California Los Angeles County Redondo Beach 90277

508 Esplanade, Redondo Beach, CA

This home is located at 508 Esplanade, Redondo Beach, CA 90277 since 25 April 2018. This property was built in 1963. 508 Esplanade is a home located in Los Angeles County with nearby schools including Alta Vista Elementary School, Parras (Nick G.) Middle School, and Redondo Union High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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