7,236 sqft

$4,850,000

608 Esplanade, Redondo Beach CA, 90277

Price per sqft$670.26

Built in1956

Property size7,236 sqft

Property typeCondominium

Bought with Romy Timm with The Realestate Group and Listed by Anthony Walker CA DRE# 01908153 with Buckingham Investments, Inc 310-561-4776

Overview

Sold

Closed

Listed Jan 29, 2025

Updated Jun 19

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.

Additional information

MLS^® ID: SB25021284

Interior Features

Basement: No

Exterior Features

Lot Size: 0.22 Acres

Other Property Details

Maintenance Expense: $12,320
Garage: Yes
55+/Senior Community: No

Bought with Romy Timm with The Realestate Group and Listed by Anthony Walker CA DRE# 01908153 with Buckingham Investments, Inc 310-561-4776

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 6/19/2026. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 6/19/2026 at 1:58 PM UTC Last Checked: 1:58 PM UTC