NOT LISTED FOR SALE

Ocean Plaza 531 Esplanade Unit 505 Redondo Beach, CA 90277

Estimated Value: $1,453,000 - $2,082,303

2 Beds
2.5 Baths
1,246 Sq Ft
$706/mo HOA Fee

Last Sold January 16, 2024

Last sale price $1,930,000 $1,549 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $11,317/month

50 Days on Market

Highlights

  • Beach Front
  • Marina
  • Property has ocean access
  • Alta Vista Elementary School Rated A+
  • White Water Ocean Views
  • Fitness Center

About This Home

As of January 2024

Welcome to coastal living at its finest! This stunning luxury residence has undergone a complete transformation, offering you the perfect blend of modern elegance and coastal charm. With breathtaking ocean views and a prime location, this meticulously remodeled gem is a true treasure. Spacious open concept design seamlessly connects the living, dining and kitchen areas with a generous outdoor space for entertaining. Prepare your favorite meals while enjoying panoramic ocean vistas in the gourmet kitchen featuring stainless steel appliances, sleek quartz countertops, a wine fridge and beautiful custom cabinetry. Unwind on your sofa next to the LED Fireplace while watching sailboats until sunset. Both levels have floor to ceiling sliders connecting indoor and outdoor spaces inviting the refreshing ocean breeze and natural light to embrace the interior. The top level primary retreat offers tranquility a 2nd LED fireplace, another outdoor patio and spectacular ocean views. The gorgeous bathroom boasts a spa-like atmosphere with luxurious finishes, a massive jet tub and spacious walk-in shower. Guest bedroom with nicely appointed bath are also on this level along with the convenience of a stackable washer/dryer. Two car parking in garage provides secure parking and storage for your coastal adventures. Ocean Plaza is a gated community with amenities that include direct access from the garage down to the beach and bike path, an outdoor swimming pool, spa, sauna, exercise gym, clubhouse and a party/event room. South Redondo renowned beaches, charming shops, and gourmet dining options are just a stroll away. In this luxurious condo, every day feels like a vacation. Don't miss this opportunity to embrace the elevated coastal lifestyle you have been waiting for.

Last Agent to Sell the Property

martha alonso

Estate Properties License #01313095 Listed on: 11/01/2023

Estate Properties

Last Buyer's Agent

John Bathurst

Compass License #01977487

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,196

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • Beach Front
  • Two or More Common Walls
  • Northwest Facing Home
  • On-Hand Building Permits

HOA Fees

Parking

  • 2 Car Garage
  • Parking Available
  • Tandem Garage
  • Controlled Entrance
  • Community Parking Structure

Property Views

  • White Water Ocean
  • Marina
  • Coastline
  • City Lights
  • Mountain
  • Park or Greenbelt
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Turnkey
  • Flat Roof Shape
  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,246 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Crown Molding
  • Electric Fireplace
  • Window Screens
  • Living Room with Fireplace
  • Formal Dining Room
  • Tile Flooring

Kitchen

  • Breakfast Bar
  • Electric Range
  • Range Hood
  • Microwave
  • Kitchen Island
  • Quartz Countertops
  • Pots and Pans Drawers
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Fireplace in Primary Bedroom Retreat
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Quartz Bathroom Countertops
  • Low Flow Toliet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Separate Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Home Security

Outdoor Features

  • Property has ocean access
  • Deck
  • Patio
  • Exterior Lighting

Utilities

  • Central Heating
  • Water Heater
  • Sewer Paid
  • Cable TV Available

Additional Features

  • In Ground Spa
  • Property is near a park

Listing and Financial Details

  • Earthquake Insurance Required
  • Tax Lot 1
  • Tax Tract Number 30930
  • Assessor Parcel Number 7508027035
  • $355 per year additional tax assessments

Community Details

Overview

  • Master Insurance
  • 80 Units
  • 531 Esplanade Association, Phone Number (310) 878-8789
  • Cis HOA
  • Maintained Community

Amenities

  • Sauna
  • Clubhouse
  • Meeting Room

Recreation

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

Pet Policy

  • Pets Allowed
  • Pet Restriction

Security

  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,196

Year Built

Built in 1974 | Remodeled

Lot Details

0

HOA Fees

$706 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Security: Fire and Smoke Detection System, Fire Sprinkler System, Gated Community, Smoke Detector(s)
  • View: Yes
  • Zoning: RBMDR*
  • Architectural Style: Contemporary
  • Property Condition: Building Permit, Turnkey, Updated/Remodeled
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7508027035
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1246.00 Square Feet
  • Interior Amenities: Built-in Features, Crown Molding
  • Stories: 2
  • Entry Location: elevator
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar, Separated
  • Entry Level: 5
  • Fireplace Features: Living Room, Primary Retreat, Electric
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 1548.96
  • Room Type: All Bedrooms Up, Laundry, Living Room, Primary Bathroom, Primary Suite
  • Spa Features: Association, Community, In Ground
  • Window Features: Screens
  • Bathroom Features: Bathtub, Low Flow Toilet(s), Shower In Tub, Jetted Tub, Linen Closet/Storage, Quartz Counters, Separate Tub And Shower, Walk-In Shower
  • Room Kitchen Features: Kitchen Island, Pots & Pan Drawers, Quartz Counters, Self-Closing Cabinet Doors, Self-Closing Drawers

Exterior Features

  • Patio: Yes
  • Direction Faces: Northwest
  • View: City Lights, Coastline, Marina, Mountain(s), Neighborhood, Ocean, Park/Greenbelt, White Water
  • Patio And Porch Features: Deck, Patio
  • Pool Features: Association, Community, Heated, In Ground
  • Pool Private: No
  • Roof: Flat
  • Spa: Yes
  • Construction Materials: Concrete

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Assigned, Community Structure, Controlled Entrance, Covered, Subterranean, Tandem Garage
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Disposal, Microwave, Range Hood, Refrigerator, Water Heater
  • Heating Type: Central
  • Laundry Features: Dryer Included, In Closet, Stackable, Washer Included
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Sauna, Gym/Ex Room, Clubhouse, Meeting Room, Cable TV, Earthquake Insurance, Insurance, Maintenance Grounds, Trash, Sewer, Water, Pet Rules, Pets Permitted
  • Association Fee: 665.00
  • Association #2 Fee: 495.00
  • Association #2 Fee Frequency: Annually
  • Association Fee Frequency: Monthly
  • Association Name: 531 Esplanade
  • Phone: 310.878.8789
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Curbs, Park, Watersports, Sidewalks, Storm Drains, Street Lights
  • Association Management: CIS

Schools

  • School District: Redondo Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 24174.00
  • Lot Size Acres: 0.5550

Multi Family

  • Lease Considered: No
  • Lot Size Area: 24174.0000 Square Feet
  • Number Of Units In Community: 80
  • Number Of Units Total: 80
  • Waterfront Features: Beach Access, Beach Front, Marina in Community, Ocean Access, Ocean Front

Tax Info

  • Tax Census Tract: 6213.24
  • Tax Lot: 1
  • Tax Tract Number: 30930
  • TaxOtherAnnualAssessmentAmount: 355.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2023
Closed on
Jan 2, 2024
Sold by
James S Sullivan Revocable Trust
Bought by
May William Michael and May Romana
Seller's Agent
martha alonso
Estate Properties
Buyer's Agent
John Bathurst
Compass
List Price
$1,900,000
Sold Price
$1,930,000
Premium/Discount to List
$30,000
1.58%
Total Days on Market
50
Views
72
Current Estimated Value
$1,810,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$119,674
Avg. Annual Appreciation
-3.85%

Purchase Details

Listed on
Aug 8, 2012
Closed on
Aug 7, 2012
Sold by
Kimelman Charles L and Kimelman Barbara Susan
Bought by
Sullivan James S and The James S Sullivan Revocable Trust
Seller's Agent
martha alonso
Estate Properties
Buyer's Agent
martha alonso
Estate Properties
List Price
$680,000
Sold Price
$668,000
Premium/Discount to List
-$12,000
-1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.74%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
May William Michael $1,930,000 Consumers Title Company
Sullivan James S $668,000 Orange Coast Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2024 01/16/24 Sold $1,930,000 +2.9% $1,549 / Sq Ft
12/22/2023 12/22/23 Pending -- -- --
11/22/2023 11/22/23 Price Changed $1,875,000 -1.3% $1,505 / Sq Ft
11/01/2023 11/01/23 For Sale $1,900,000 0.0% $1,525 / Sq Ft
02/15/2018 02/15/18 Rented $4,100 -2.4% --
11/07/2017 11/07/17 For Rent $4,200 +10.5% --
03/29/2016 03/29/16 Rented $3,800 -5.0% --
02/10/2016 02/10/16 For Rent $4,000 +5.3% --
07/29/2015 07/29/15 Rented $3,800 0.0% --
07/29/2015 07/29/15 For Rent $3,800 +8.6% --
06/01/2014 06/01/14 Rented $3,500 0.0% --
06/01/2014 06/01/14 For Rent $3,500 0.0% --
04/15/2013 04/15/13 Rented $3,500 -7.9% --
03/16/2013 03/16/13 Under Contract -- -- --
11/07/2012 11/07/12 For Rent $3,800 0.0% --
08/21/2012 08/21/12 Sold $668,000 -1.8% $536 / Sq Ft
08/08/2012 08/08/12 Pending -- -- --
08/08/2012 08/08/12 For Sale $680,000 -- $546 / 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 $9,196 $1,968,600 $1,530,000 $438,600
2024 $9,196 $806,455 $531,321 $275,134
2023 $9,029 $790,643 $520,903 $269,740
2022 $8,910 $775,141 $510,690 $264,451
2021 $8,740 $759,943 $500,677 $259,266
2019 $8,571 $737,405 $485,828 $251,577
2018 $8,387 $722,947 $476,302 $246,645
2016 $8,128 $694,875 $457,807 $237,068
2015 $7,979 $684,439 $450,931 $233,508
2014 $7,873 $671,032 $442,098 $228,934
Source: Public Records

Agents Affiliated with this Home

  • martha alonso

    Seller's Agent in 2024

    martha alonso

    RE/MAX

    (310) 901-5670

    10 in this area

    37 Total Sales

    martha alonso
    Section Image
  • John Bathurst

    Buyer's Agent in 2024

    John Bathurst

    Compass

    (310) 594-5705

    9 in this area

    30 Total Sales

    John Bathurst
    Section Image

  • J

    Buyer's Agent in 2016

    Jamie Pagliano

    Keller Williams Realty

    Section Image
See All Agents

About Ocean Plaza

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23198837

California Regional Multiple Listing Service (CRMLS)

APN: 7508-027-035

California Los Angeles County Redondo Beach 90277

531 Esplanade Unit 505, Redondo Beach, CA

This home is located at 531 Esplanade Unit 505, Redondo Beach, CA 90277 since 01 November 2023 and is currently estimated at $1,810,326, approximately $1,452 per square foot. This property was built in 1974. 531 Esplanade Unit 505 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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