$1,273,387 - $1,683,000
RENTED JAN 6, 2025

Ocean Plaza 531 Esplanade Unit 508 Redondo Beach, CA 90277

2 Beds
2.5 Baths
1,246 Sq Ft
0.55 Acres

Highlights

  • Marina
  • White Water Ocean Views
  • Fitness Center
  • Alta Vista Elementary School Rated A+
  • Property has ocean access
  • Heated In Ground Pool

About This Home

As of January 2025

Embrace the essence of coastal living! Imagine the soothing sound of waves breaking nearby in this luminous and spacious, south-facing, two-story townhome-style condo. Indulge in spectacular views from the expansive open living area and both upstairs bedrooms, each adorned with generous balconies perfect for savoring ocean breezes, vibrant sunsets, and the enchanting lights of the Palos Verdes Peninsula. Revel in the freshness of brand-new coastal laminate floors, elegantly laid throughout the home. The upgraded kitchen offers a wealth of cabinet space and showcases sleek stainless-steel appliances, boasting a state-of-the-art double oven with a built-in air fryer. The first level dazzles with a wall of windows framed by plantation shutters, providing a panoramic view, complemented by a guest bath, a cozy bar area with storage, and an additional, sizable storage closet. The ocean-view master bedroom is a sanctuary, featuring plantation shutters, ample closet and dressing space, and a full bath with lavish counter area. The second view bedroom offers a modernized bath with a walk-in shower, a spacious vanity, and an in-unit washer/dryer for your convenience. Direct access to the bike path and beach effortlessly places a myriad of amenities at your fingertips—cafes, entertainment, shopping, water sports, and the vibrant pier, all moments away. Nestled between the lively beaches and buzzing nightlife of Hermosa Beach to the north and the charming, quaint ambiance of Redondo Beach’s Riviera Village to the south, the location is simply unparalleled! Ocean Plaza is a well-maintained, secure building boasting impressive amenities, including a pool and spa, a recreation room with a kitchen and pool table, a rooftop gym, and a private meeting and party room. The included subterranean parking offers two tandem spaces with storage cabinets. Welcome to your idyllic beach lifestyle!

Last Agent to Rent the Property

Susie Williamson

Vista Sotheby’s International Realty Brokerage Phone: 310-666-6297 License #01772903 Listed on: 11/26/2024

Last Renter's Agent

NoEmail NoEmail

None MRML License #N/A

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,986

Year Built

  • Built in 1974

Lot Details

  • Two or More Common Walls
  • Northwest Facing Home

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Tandem Covered Parking
  • Automatic Gate
  • Controlled Entrance

Property Views

  • White Water Ocean
  • Coastline

Interior Spaces

  • 1,246 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Plantation Shutters
  • Sliding Doors
  • Combination Dining and Living Room
  • Laminate Flooring
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Upgraded Bathroom
  • Bathtub
  • Walk-in Shower

Home Security

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Property has ocean access
  • Beach Access
  • Living Room Balcony
  • Exterior Lighting

Location

  • Property is near a park

Utilities

  • Heating Available
  • Electric Water Heater
  • Sewer Paid

Listing and Financial Details

  • Security Deposit $4,900
  • Rent includes association dues, gardener, pool, sewer, trash collection, water
  • Available 11/26/24
  • Tax Lot 1
  • Tax Tract Number 30930
  • Assessor Parcel Number 7508027045
  • Seller Considering Concessions

Community Details

Overview

  • Property has a Home Owners Association
  • $800 HOA Transfer Fee
  • 80 Units

Amenities

  • Sauna
  • Clubhouse

Recreation

  • Marina
  • Fitness Center
  • Community Pool
  • Community Spa
  • Fishing

Security

  • Resident Manager or Management On Site
  • Card or Code Access
  • Fire and Smoke Detector

Condo Details

Home Type

Condominium

Est. Annual Taxes

$8,986

Year Built

Built in 1974

Lot Details

0

Parking

2

Rental Info

  • Cashiers Check: Security Deposit
  • Available Date: 2024-11-26
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 4900
  • Furnished: Unfurnished
  • Total Move In Costs: 9800.00
  • Transfer Fees: 800.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Automatic Gate, Card/Code Access, Resident Manager, Smoke Detector(s)
  • View: Yes
  • Zoning: RBMDR
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 7508027045
  • Year Built: 1974
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1246.00 Square Feet
  • Interior Amenities: Balcony, Living Room Balcony, Open Floorplan, Unfurnished, Wet Bar
  • Stories: 2
  • Entry Location: street
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Eating Area: Area, In Living Room
  • Entry Level: 1
  • Levels: Two
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 3.93
  • Room Type: All Bedrooms Up, Primary Suite
  • Spa Features: Association, Heated, In Ground
  • Window Features: Plantation Shutters
  • Bathroom Features: Bathtub, Upgraded, Walk-In Shower
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Direction Faces: Northwest
  • View: Coastline, Ocean, White Water
  • Pool Features: Association, Community, Heated, In Ground
  • Pool Private: No
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Number Remotes: 2
  • Parking: Yes
  • Parking Features: Assigned, Controlled Entrance, Covered, Subterranean, Tandem Covered
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Microwave, Refrigerator, Trash Compactor
  • Heating Type: Electric
  • Laundry Features: In Closet, Inside
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub, Sauna, Gym/Ex Room, Clubhouse
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Schools

  • School District: Redondo Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 24169.00
  • Lot Size Acres: 0.5548

Multi Family

  • Insurance Water Furniture: Yes
  • Lot Size Area: 24169.0000 Square Feet
  • Management Co: 531 Esplanade Assoc
  • Management Co Phone: 310-540-9770
  • Number Of Units In Community: 80
  • Number Of Units Total: 1
  • Rent Includes: Association Dues, Gardener, Pool, Sewer, Trash Collection, Water
  • Waterfront Features: Beach Access, Fishing in Community, Marina in Community, Ocean Access

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 30930

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2019
Sold by
Fryman Bruce Leon and Fryman Li Hua
Bought by
Fryman Bruce Leon and Fryman Li Hua
Current Estimated Value
$1,440,847

Purchase Details

Closed on
May 17, 2013
Sold by
Fryman Bruce L
Bought by
Fryman Bruce Leon and Fryman Li Hua

Purchase Details

Closed on
Oct 18, 2010
Sold by
Faigley Phillip
Bought by
Fryman Bruce L and Fryman Li Hua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,080
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2003
Sold by
Blanchette Ernest Edward and Blanchette Virginia M
Bought by
Faigley Phillip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage
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
Fryman Bruce Leon -- None Available
Fryman Bruce Leon -- None Available
Fryman Bruce Leon -- None Available
Fryman Bruce L $627,000 Progressive Title Company
Faigley Phillip $575,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fryman Bruce L $376,080
Previous Owner Faigley Phillip $65,000
Previous Owner Faigley Phillip $460,000
Closed Faigley Phillip $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2025 01/06/25 Rented $4,900 0.0% --
11/26/2024 11/26/24 For Rent $4,900 +25.6% --
09/04/2018 09/04/18 Rented $3,900 0.0% --
08/14/2018 08/14/18 For Rent $3,900 +11.4% --
07/11/2015 07/11/15 Rented $3,500 0.0% --
07/11/2015 07/11/15 For Rent $3,500 -- --
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 $8,986 $803,027 $524,506 $278,521
2024 $8,986 $787,282 $514,222 $273,060
2023 $8,823 $771,846 $504,140 $267,706
2022 $8,706 $756,712 $494,255 $262,457
2021 $8,542 $741,875 $484,564 $257,311
2020 $8,553 $734,269 $479,596 $254,673
2019 $8,377 $719,873 $470,193 $249,680
2018 $8,197 $705,759 $460,974 $244,785
2016 $7,944 $678,356 $443,075 $235,281
2015 $7,798 $668,167 $436,420 $231,747
2014 $7,695 $655,080 $427,872 $227,208
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB24240635

California Regional Multiple Listing Service (CRMLS)

APN: 7508-027-045