NOT LISTED FOR SALE

904 Esplanade Redondo Beach, CA 90277

Estimated Value: $3,700,000 - $4,035,000

9 Beds
4 Baths
3,690 Sq Ft
$1,042/Sq Ft Est. Value

Last Sold November 14, 2014

Last sale price $3,350,000 $908 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $23,743/month

48 Days on Market

Highlights

  • Ocean Side of Highway 1
  • Alta Vista Elementary School Rated A+
  • No HOA

About This Home

As of November 2014

Prime beach front location on the Esplanade! Most units have upgraded kitchens and flooring. Three of the four units have ocean views. Upstairs unit has ocean view with 3 bedrooms and 1 bath. Remaining three units have 2 bedrooms and 1 bath. Four car garage plus four extra parking spaces. Tremendous potential to build 3 new townhomes, seller is super motivated and has priced to sell!

Last Agent to Sell the Property

Raju Chhabria

Chhabria Real Estate Company License #00874072 Listed on: 02/27/2014

Last Buyer's Agent

Raju Chhabria

Chhabria Real Estate Company License #00874072 Listed on: 02/27/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $40,193

Year Built

  • Built in 1932

Lot Details

  • 7,270 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3,690 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Ocean Side of Highway 1
  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 7509004013

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $3,000
  • Trash Expense $600
  • New Taxes Expense $32,989
  • Gross Income $9,100
  • Net Operating Income $83,433

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$40,193

Year Built

Built in 1932

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 7509004013
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 907.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 600.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Size Sq Ft: 7270.00
  • Lot Size Acres: 0.1670

Multi Family

  • Gross Income: 9100.00
  • Gross Scheduled Income: 110125.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 7270.0000 Square Feet
  • Net Operating Income: 83433.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 26692.00
  • Rent Control: No
  • Waterfront Features: Ocean Side Of Highway 1

Tax Info

  • New Taxes Expense: 32989.00
  • Tax Lot: 10
  • Tax Tract Number: 0000
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2024
Sold by
Hickson Corinne
Bought by
2024 Corinne L Hickson Revocable Trust and Hickson
Current Estimated Value
$3,846,611

Purchase Details

Closed on
Jul 16, 2020
Sold by
Khosla Ravi and Khosla Shamita
Bought by
904 Esplanade Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2018
Sold by
California Custom Homes Inc
Bought by
Khosla Ravi and Khosla Shamita
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
2024 Corinne L Hickson Revocable Trust -- --
2024 Corinne L Hickson Revocable Trust -- --
904 Esplanade Llc -- Old Republic Title Company
Khosla Ravi $6,100,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 904 Esplanade Llc $3,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2014 11/14/14 Sold $3,350,000 -4.3% $908 / Sq Ft
04/16/2014 04/16/14 Pending -- -- --
02/27/2014 02/27/14 For Sale $3,500,000 -- $949 / 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 $40,193 $3,640,000 $2,067,900 $1,572,100
2024 $40,193 $3,570,752 $1,831,856 $1,738,896
2023 $39,435 $3,500,738 $1,795,938 $1,704,800
2022 $38,859 $3,432,097 $1,760,724 $1,671,373
2021 $37,922 $3,364,801 $1,726,200 $1,638,601
2020 $37,957 $3,330,300 $1,708,500 $1,621,800
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Raju Chhabria

    Chhabria Real Estate Company

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB14041070

California Regional Multiple Listing Service (CRMLS)

APN: 7509-004-024

California Los Angeles County Redondo Beach 90277

904 Esplanade, Redondo Beach, CA

This home is located at 904 Esplanade, Redondo Beach, CA 90277 since 27 February 2014 and is currently estimated at $3,846,611, approximately $1,042 per square foot. This property was built in 1932. 904 Esplanade 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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