NOT LISTED FOR SALE

703 Esplanade Redondo Beach, CA 90277

Estimated Value: $2,722,000 - $2,862,000

3 Beds
2 Baths
2,266 Sq Ft
8,372 Sq Ft Lot

Highlights

  • White Water Ocean Views
  • No Units Above
  • Main Floor Bedroom
  • Alta Vista Elementary School Rated A+
  • Primary Bedroom Suite
  • Laundry Room

About This Home

As of August 2023

Welcome to 703 Esplanade #4, an extraordinary beachfront penthouse in the coveted city of Redondo Beach. This exceptional residence presents an unparalleled opportunity to lease a stunning coastal retreat with unobstructed ocean views stretching from Palos Verdes to Malibu. With 3 bedrooms, 2 bathrooms, and a spacious interior spanning 2,266 square feet, this penthouse offers a luxurious and comfortable lifestyle.
As you step inside, you will be greeted by an atmosphere of elegance and sophistication. The updated kitchen and bathrooms showcase a seamless blend of modern design and functionality. The kitchen is a culinary masterpiece, featuring top-of-the-line appliances, stylish cabinetry, and sleek countertops, ensuring a truly remarkable cooking experience. The bathrooms have been thoughtfully renovated, exuding a spa-like ambiance with contemporary fixtures, exquisite tile work, and upscale finishes.
Prepare to be mesmerized by the breathtaking ocean views that greet you from every angle of this penthouse. Expansive windows and a private balcony invite natural light to cascade into the living spaces, creating a serene and inviting atmosphere. Imagine savoring your morning coffee while watching the sun rise over the Pacific, or enjoying a glass of wine as you witness the vibrant hues of a breathtaking sunset.

Last Agent to Rent the Property

Daniel Assayag

Vista Sotheby’s International Realty License #01762501 Listed on: 06/29/2023

Last Renter's Agent

Daniel Assayag

Vista Sotheby’s International Realty License #01762501 Listed on: 06/29/2023

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1974

Lot Details

  • No Units Above
  • End Unit
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Property Views

  • White Water Ocean
  • Coastline

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,266 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom Suite
  • Multi-Level Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Utilities

  • Radiant Heating System

Listing and Financial Details

  • Security Deposit $14,000
  • Rent includes association dues, gardener, sewer, trash collection
  • 12-Month Minimum Lease Term
  • Available 11/15/22
  • Tax Lot 2
  • Tax Tract Number 31017
  • Assessor Parcel Number 7508002093

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Pet Policy

  • Breed Restrictions

Condo Details

Home Type

Condominium

Year Built

Built in 1974

Lot Details

8,372 Sq Ft Lot

Parking

2

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2022-11-15
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 14000
  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Call
  • Total Move In Costs: 19500.00
  • Transfer Fee Paid By: Tenant

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Zoning: RBMDR*
  • Property Sub Type: Condominium
  • Property Type: Residential Lease
  • Parcel Number: 7508002093
  • Year Built: 1974
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2266.00 Square Feet
  • Stories: 2
  • Common Walls: 1 Common Wall, End Unit, No One Above
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 3.97
  • Room Type: Living Room, Main Floor Bedroom, Master Bathroom, Master Bedroom, Master Suite, Multi-Level Bedroom

Exterior Features

  • View: Coastline, Ocean, White Water
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Fireplace(s), Radiant
  • Laundry Features: Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8374.00
  • Lot Size Acres: 0.1922

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 8374.0000 Square Feet
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Rent Includes: Association Dues, Gardener, Sewer, Trash Collection

Tax Info

  • Tax Census Tract: 6213.24
  • Tax Lot: 2
  • Tax Tract Number: 31017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 12, 2022
Sold by
2005 William And Joy Davis Family Trust
Bought by
Siddiqui Rafi and Siddiqui Sameena
Current Estimated Value
$2,797,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,160,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2005
Sold by
Davis William M and Davis Joy K
Bought by
Davis William M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Siddiqui Rafi $2,700,000 New Title Company Name
Davis William M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Siddiqui Rafi $2,160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2023 08/04/23 Rented $9,000 -5.3% --
07/18/2023 07/18/23 Under Contract -- -- --
06/29/2023 06/29/23 For Rent $9,500 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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 $31,275 $2,865,261 $2,334,657 $530,604
2024 $31,275 $2,809,080 $2,288,880 $520,200
2023 $30,683 $2,754,000 $2,244,000 $510,000
2022 $8,796 $761,408 $326,036 $435,372
2021 $8,622 $746,480 $319,644 $426,836
2019 $8,455 $724,341 $310,164 $414,177
2018 $8,240 $710,139 $304,083 $406,056
2016 $7,969 $682,566 $292,276 $390,290
2015 $7,823 $672,314 $287,886 $384,428
2014 $7,720 $659,145 $282,247 $376,898
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB23116219

California Regional Multiple Listing Service (CRMLS)

APN: 7508-002-093

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