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608 Esplanade

Redondo Beach, CA 90277

– beds
– baths
– sqft
9,639 sqft lot
1956 build
– on site

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Incredible opportunity to own a rare ocean view generational asset on the Esplanade in Redondo Beach. First time on the market in over 40 years, this huge 7 unit (plus 1 non-conforming) apartment building offers over 7,000 square feet of rentable square footage on a nearly 10,000 square foot lot with 7 garage parking spaces. Enormous unique 2 story owner's unit loft style apartment with jaw-dropping ocean views, beamed ceilings, skylights, direct access elevator, large open concept kitchen, balcony, office, den, fireplace, wet bar, and 2 bathrooms. 6 other separately metered spacious apartments including one 2 bed/1 bath unit with ocean views, two 2 bed/2 bath units, and three 1 bed/1 bath units plus one non-conforming studio above the garages in the rear of property (check for ADU potential). Well priced on income for ocean front multifamily at 19X GRM on actual rents with a 30% upside to 14.8X GRM on market rents. Extremely well maintained property with very little deferred maintenance. Newer windows, clean units, and individual water heaters.

Listed By CRMLS_CA / Anthony Walker / Buckingham Investments, Inc / 310-561-4776

Last checked: Checking… • Last updated Mar 14, 2025 •

MLS# SB25021284 —

The Building

Year Built:

1956
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

7236.00
Building Area Units:

Square Feet
Total Number Of Units:

7
# of Buildings:

2
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

8
# of Separate Water Meters:

1
# of Separate Electric Meters:

8

Interior

Levels:

Two
Entry Location:

Ground level
Laundry:

Community
Laundry:

1

Location

Directions:

East side of Esplanade near Sapphire
Latitude:

33.83295100
Longitude:

-118.38935900

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

RBRMD
Lot Features:

Landscaped
Lot Size Area:

9639.0000
Lot Size Acres:

0.2213
Lot Size SqFt:

9639.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

188
Tax Census Tract:

6213.24
Tax Tract:

621...
Tax Lot:

19

The Listing

Special Listing Conditions:

Standard, Trust
Parcel Number:

7508006017

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Suburban
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

10.00
Garage Spaces:

8.00
Uncovered Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/14/25 Mar 14, 2025	Sold	CRMLS_CA	$4,850,000	-3.0%
2/28/25 Feb 28, 2025	Pending	CRMLS_CA	$5,000,000
2/14/25 Feb 14, 2025	Sold Subject To Contingencies	CRMLS_CA	$5,000,000

Multifamily Sold on 3/14/2025

$4,850,000

Listing provided by broker:

Anthony Walker

Buckingham Investments, Inc

310-561-4776

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Listing Courtesy of: CRMLS_CA and Buckingham Investments, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 21:02 on Mar 14.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

608 Esplanade

Redondo Beach, CA 90277