NOT LISTED FOR SALE

508 Esplanade Redondo Beach, CA 90277

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

Sale Details

Date 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

6,410 Sq Ft Lot

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
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 8.00
  • 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
  • Type Of Units: 3, 2, 1 Bdr
  • Vacancy Allow: 4473
  • Vacancy Allow Percent: 3.00

Tax Info

  • Tax Expense: 49938.00
  • Tax Percent: 1.25
  • Tax Total: 49938.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $47,308 $4,035,551 $2,734,114 $1,301,437
2024 $45,287 $3,956,423 $2,680,504 $1,275,919
2023 $44,452 $3,878,847 $2,627,946 $1,250,901
2022 $43,866 $3,802,792 $2,576,418 $1,226,374
2021 $43,057 $3,728,228 $2,525,900 $1,202,328
2020 $43,045 $3,682,700 $1,229,100 $2,453,600
2019 $42,161 $3,610,500 $1,205,000 $2,405,500
2018 $22,933 $1,892,323 $1,406,747 $485,576
2017 $22,551 $1,854,729 $1,379,164 $475,565
2016 $22,182 $1,818,363 $1,352,122 $466,241
2015 $21,788 $1,791,050 $1,331,812 $459,238
2014 $21,527 $1,755,967 $1,305,724 $450,243
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 18-337022

The MLS
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