NOT LISTED FOR SALE

902 Esplanade Redondo Beach, CA 90277

3 Beds
2 Baths
5,498 Sq Ft
6,927 Sq Ft Lot

Last Sold August 06, 2020

Last sale price $5,300,000 $964 Per Sq Ft

222 Days on Market

Highlights

  • Ocean Front
  • Property is near public transit
  • Balcony
  • Alta Vista Elementary School Rated A+
  • Cathedral Ceiling
  • Double Pane Windows

About This Home

As of August 2020

Rare opportunity to acquire a building in this location. Incredible ocean views. Incredible specific location on the Esplanade. All 7 units have undergone renovation in the last 5 years. Some with stainless appliances, all new kitchens - quartz and granite - dishwashers, microwaves, bathroom renovations, plank, travertine, and wood flooring. The property has been very well maintained overall with new windows, heaters, roof, gates, etc. It will exceed your expectations. 8 garage parking spaces, 4 tandem spaces + 4 parkway tandem spaces. 4 units have sweeping, ocean front views, 3 units have partial, while impressive, ocean views.

Last Agent to Sell the Property

Kirk Brown Jr

Kirk Brown, Jr License #01359453 Listed on: 12/01/2019

Last Buyer's Agent

Michael Talbot

Estate Properties License #00645363

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,927 Sq Ft Lot
  • Ocean Front
  • No Common Walls

Parking

  • 4 Open Parking Spaces
  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Property Views

  • White Water Ocean
  • Catalina
  • Panoramic

Interior Spaces

  • 5,498 Sq Ft Home
  • Bar
  • Cathedral Ceiling
  • Double Pane Windows
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Balcony
  • Property is near public transit
  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 15 / 3
  • Tax Tract Number 2546
  • Assessor Parcel Number 7509004014

Community Details

Overview

  • 2 Buildings
  • 7 Units

Recreation

  • Bike Trail

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $660
  • Fuel Expense $360
  • Insurance Expense $7,500
  • Maintenance Expense $2,226
  • Professional Management Expense $10,590
  • Trash Expense $1,200
  • Water Sewer Expense $3,000
  • New Taxes Expense $63,787
  • Operating Expense $89,570
  • Gross Income $216,000
  • Net Operating Income $126,430

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

8

Listing Details

  • Professional Management Expense: 10590.00
  • Property Attached: No
  • View: Yes
  • Water Sewer Expenses: 3000.00
  • Zoning: RBRMD
  • Property Type: Residential Income
  • Parcel Number: 7509004014
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Balcony, Bar, Cathedral Ceiling(s)
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 963.99
  • Window Features: Double Pane Windows

Exterior Features

  • View: Catalina, Ocean, Panoramic, Water, White Water
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Microwave
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 6927.00
  • Lot Size Acres: 0.1590

Multi Family

  • Average1 Bed Area: 670 Square Feet
  • Average2 Bed Area: 859 Square Feet
  • Electric Expense: 660.00
  • Fuel Expense: 360.00
  • Gross Income: 216000.00
  • Gross Scheduled Income: 216000.00
  • Insurance Expense: 7500.00
  • Lot Size Area: 6927.0000 Square Feet
  • Maintenance Expense: 2226.00
  • Maintenance Percent: 1.00
  • Net Operating Income: 126430.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 7
  • Operating Expense: 89570.00
  • Rent Control: No
  • Total Expenses: 89570.00
  • Waterfront Features: Ocean Front

Tax Info

  • New Taxes Expense: 63787.00
  • Tax Block: 3
  • Tax Census Tract: 6213.26
  • Tax Lot: 15
  • Tax Tract Number: 2546
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2020 08/06/20 Sold $5,300,000 -11.7% $964 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
12/01/2019 12/01/19 For Sale $6,000,000 -- $1,091 / Sq Ft
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 $63,257 $5,736,889 $4,329,728 $1,407,161
2024 $63,257 $5,624,402 $4,244,832 $1,379,570
2023 $62,068 $5,514,120 $4,161,600 $1,352,520
2022 $61,236 $5,406,000 $4,080,000 $1,326,000
2021 $60,032 $5,300,000 $4,000,000 $1,300,000
2020 $58,166 $5,069,640 $4,416,600 $653,040
2019 $56,949 $4,970,240 $4,330,000 $640,240
2018 $6,462 $413,269 $211,367 $201,902
2016 $6,537 $396,992 $203,160 $193,832
2015 $6,444 $391,030 $200,109 $190,921
2014 $6,424 $383,372 $196,190 $187,182
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19276771

California Regional Multiple Listing Service (CRMLS)