1710 EsplanadeRedondo Beach, CA 90277

Description

We are pleased to present 1710 Esplanade, a rare opportunity to acquire a stabilized beachfront income property featuring seller financing at 3.50% interest-only with 50% down—a financing structure well below today's conventional multifamily rates that offers investors meaningful cash flow savings and enhanced leveraged returns. Comprising eight panoramic ocean-view units across two levels, the property benefits from historically strong rental demand, affluent tenant demographics, and immediate proximity to the South Bay's premier lifestyle and employment hubs. The interiors feature exposed-beam ceilings, custom cabinetry, stone countertops, and stainless steel appliances. Capital improvements include advanced sub-floor soundproofing, dual-pane windows, upgraded security access gates, communal courtyard with a commercial-grade BBQ, and dedicated garages. Positioned just steps from the beach and an easy walk to the dining, shopping, and entertainment of the Riviera Village. 1710 Esplanade offers a rare combination of irreplaceable beachfront real estate, stable income, and below-market seller financing that is seldom available in today's investment market. Flanked by Manhattan Beach and Hermosa Beach to the north and the Palos Verdes Peninsula to the south. The South Bay coastal lifestyle needs little introduction: nearly 300 days of sunshine annually, The Strand connecting three of LA’s most coveted beach communities, and a walkability and outdoor culture that tenants actively seek and rarely leave. The Beach Communities multifamily submarket reflects this demand, commanding average asking rents more than 15% above the Greater Los Angeles metro average, sustained by one of the most supply-constrained development pipelines in the region.

Property Information

Property type

Residential Income

Sub-type

Apartment

Year built

1956

Stories

2

Building area

5,962 Sq Ft

Lot size

0.16 acres

Garage spaces

8

Parking spaces

24

Zoning

RBRMD

Days on market

62

MLS^® Listing#

SB26148603

Property Features

Heating

Wall Furnace

Fireplace

None

Pool

None

Parking

Assigned

Laundry

Common Area

Construction

Stucco

Windows

Blinds

Security

Gated Community

Community

Curbs · Street Lights · Sidewalks · Gated

Utilities

Cable Available · Cable Connected · Electricity Available · Electricity Connected · Natural Gas Available · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Septic Tank

Water source

Public

Financial Details

HOA

Yes

Parcel number

7511010025

Directions

Just south of Avenue I