NOT LISTED FOR SALE

Ocean Plaza 531 Esplanade Unit 501 Redondo Beach, CA 90277

Estimated Value: $1,284,000 - $2,003,000

2 Beds
2.5 Baths
1,434 Sq Ft
$625/mo HOA Fee

Last Sold September 10, 2021

Last sale price $1,311,375 $914 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $10,770/month

Highlights

  • Ocean View
  • Fitness Center
  • Ocean Side of Highway 1
  • Alta Vista Elementary School Rated A+
  • Spa
  • Updated Kitchen

About This Home

As of February 2024

Discover your new lifestyle and live like you’re on vacation everyday in this stylish contemporary condo offering coastal living with modern amenities and exquisite details. The open concept with well appointed materials allows you to take advantage of the natural light and breathtaking views. The custom renovated island kitchen is the focal point of the home with quartzite counters, full backsplash, upgraded cabinetry, range hood and beautiful matte black appliances. Large sliding doors off the main living area open up to your private balcony perfect for grilling and enjoying year round al fresco living with the sounds of the waves crashing. Upstairs primary suite has floor to ceiling windows to capture more ocean vistas, marble flooring and is equipped with two built-in work stations perfectly suited for the working professional or the creative artist. The upgraded primary suite bath features a modern vanity with glass counter top, glass tile backsplash, marble shower with tile inlays and a frameless glass shower door. The large secondary bedroom with floor to ceiling windows offers tons of natural light, city lights view at night and features a separate built in work station and a large walk in closet. The upstairs hall bath is fitted with more custom tile work, a floating modern vanity with illuminated counter top and frameless shower door. Other noteworthy features include wood look tile flooring throughout, custom tile work on staircase, glass tile accent walls and mirrored closets in both downstairs and upstairs halls for extra storage. Ocean Plaza Amenities include welcome lobby, gym, sauna, swimming pool, spa tub, clubhouse, direct beach access, 2 car tandem garage w/ storage, laundry facilities and controlled entry offering residents convenience, privacy and security. Walking distance to the pier, restaurants, shops, Rivera Village and all Redondo Beach has to offer.

Last Agent to Rent the Property

Molly Hobin Williams

Bayside License #00819814 Listed on: 11/28/2023

Co-Listed By

Jillian Ostick

Bayside License #02137696

Last Renter's Agent

Molly Hobin Williams

Bayside License #00819814 Listed on: 11/28/2023

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,328

Year Built

  • Built in 1974

Lot Details

  • End Unit
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

HOA Fees

  • $625 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available

Property Views

  • Ocean
  • Coastline

Home Design

  • Modern Architecture
  • Entry on the 1st floor

Interior Spaces

  • 1,434 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Family Room Off Kitchen
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Gas Oven
  • Electric Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Pots and Pans Drawers
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Walk-in Shower

Outdoor Features

  • Spa
  • Ocean Side of Highway 1
  • Balcony
  • Patio

Additional Features

  • Urban Location
  • Central Heating

Listing and Financial Details

  • Security Deposit $10,000
  • Rent includes association dues, pool, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 12/20/23
  • Tax Lot 1
  • Tax Tract Number 30930
  • Assessor Parcel Number 7508027033

Community Details

Overview

  • 80 Units

Amenities

  • Clubhouse
  • Billiard Room
  • Laundry Facilities

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Water Sports
  • Bike Trail

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $500

Condo Details

Home Type

Condominium

Est. Annual Taxes

$15,328

Year Built

Built in 1974

Lot Details

0

HOA Fees

$625 per month

Parking

2

Rental Info

  • Available Date: 2023-12-20
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Pets: 500
  • Deposit Security: 10000
  • Furnished: Unfurnished
  • Pets Allowed: Call

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • View: Yes
  • Zoning: RBMDR*
  • Architectural Style: Modern
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 7508027033
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1434.00 Square Feet
  • Interior Amenities: Balcony, Ceiling Fan(s), High Ceilings, Open Floorplan, Recessed Lighting, Unfurnished
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall, End Unit
  • Appliances: Yes
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Area
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3.84
  • Room Type: All Bedrooms Up, Kitchen, Primary Bedroom, Walk-In Closet
  • Spa Features: Community
  • Bathroom Features: Shower, Remodeled
  • Room Kitchen Features: Kitchen Island, Kitchen Open To Family Room, Pots & Pan Drawers, Remodeled Kitchen, Stone Counters

Exterior Features

  • Patio: Yes
  • View: Coastline, Ocean
  • Patio And Porch Features: Patio
  • Pool Features: Community
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Freezer, Disposal, Gas Oven, Microwave, Refrigerator
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Amenities: Pool, Spa/Hot Tub, Gym/Ex Room, Clubhouse, Billiard Room
  • Association Fee: 625.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Biking, Curbs, Watersports, Sidewalks, Urban

Schools

  • School District: Redondo Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 24174.00
  • Lot Size Acres: 0.5550

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 24174.0000 Square Feet
  • Management Co: Ocean Plaza
  • Management Co Phone: 3103251110
  • Number Of Units In Community: 80
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Pool, Trash Collection, Water
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • Tax Census Tract: 6213.24
  • Tax Lot: 1
  • Tax Tract Number: 30930

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2022
Sold by
Bernardine Senior Associates Lp
Bought by
Perley Trust and Perley Discretionary Trust
Current Estimated Value
$1,672,671

Purchase Details

Listed on
Jul 8, 2021
Closed on
Jul 23, 2021
Sold by
Romesburg Stephanie R Shenk
Bought by
Bernadine Senior Associates Lp
Seller's Agent
Lacee Nicewarner
Allison James Estates & Homes
Buyer's Agent
James Perley
Western America Properties
List Price
$1,295,000
Sold Price
$1,311,375
Premium/Discount to List
$16,375
1.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%
Original Mortgage
$807,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 2017
Sold by
Riess Karen J
Bought by
Romesburg Stephanie R Shenk

Purchase Details

Closed on
Oct 19, 2001
Sold by
Shenk Mildred L
Bought by
Shenk Mildred L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,600
Interest Rate
6.87%

Purchase Details

Closed on
Jan 7, 1999
Sold by
Shenk Mildred L
Bought by
Shenk Mildred L and Shenk Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.66%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Perley Trust -- First American Title Company O
Bernadine Senior Associates Lp $1,311,500 First American Title Company O
Romesburg Stephanie R Shenk $559,500 First American Title Company
Shenk Mildred L -- Fidelity National Title Ins
Shenk Mildred L -- Fidelity Title
Shenk Mildred L -- Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bernadine Senior Associates Lp $807,000
Previous Owner Shenk Mildred L $233,600
Previous Owner Shenk Mildred L $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2024 02/13/24 Rented $5,500 0.0% --
02/02/2024 02/02/24 Under Contract -- -- --
11/28/2023 11/28/23 For Rent $5,500 +5.8% --
12/14/2022 12/14/22 Rented $5,200 0.0% --
12/05/2022 12/05/22 For Rent $5,200 0.0% --
11/25/2021 11/25/21 Rented $5,200 0.0% --
11/02/2021 11/02/21 For Rent $5,200 0.0% --
10/16/2021 10/16/21 Off Market $5,200 -- --
10/05/2021 10/05/21 For Rent $5,200 0.0% --
09/10/2021 09/10/21 Sold $1,311,375 +1.3% $914 / Sq Ft
07/10/2021 07/10/21 Pending -- -- --
07/08/2021 07/08/21 For Sale $1,295,000 -- $903 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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 $15,328 $1,391,666 $1,057,599 $334,067
2024 $15,328 $1,364,379 $1,036,862 $327,517
2023 $15,042 $1,337,628 $1,016,532 $321,096
2022 $14,840 $1,311,400 $996,600 $314,800
2021 $14,976 $1,333,816 $401,002 $932,814
2020 $14,998 $1,320,141 $396,891 $923,250
2019 $14,682 $1,294,257 $389,109 $905,148
2018 $15,605 $1,268,880 $381,480 $887,400
2016 $3,207 $253,695 $124,312 $129,383
2015 $3,152 $249,885 $122,445 $127,440
2014 $3,119 $244,991 $120,047 $124,944
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23217067

California Regional Multiple Listing Service (CRMLS)

APN: 7508-027-033