Waterfront - Seller Financing
Address
1710 Esplanade, Redondo Beach, CA
Price
$ 8,950,000
Property Attributes
- MLS#SB26148603
- TypeMulti-Family
- Listing Status Active
- CountyLos Angeles
- CityRedondo Beach
- Area S Redondo Bch W of PCH
- Zip90277
- Style
- Year Built1956
- Price$ 8,950,000
- Bedrooms0
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage5962
- Lot Size0.156 Acres
Data Source:
California Regional MLS (CRMLS)
Property 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.
| Price History | |
|---|---|
| 7/28/2026 | Listed $8,950,000 |
General Features
| Sewer | Septic Tank |
|---|---|
| Heating | Wall Furnace |
| Utilities | Cable Available,Cable Connected,Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Connected,Water Connected |
| Zoning | RBRMD |
| Garage Spaces | 8 |
| Pool Features | None |
| Security Features | Gated Community |
| Construction Materials | Stucco |
| Year Built | 1956 |
| View | City Lights,Coastline,Hills,Mountain(s),Neighborhood,Ocean,Panoramic,Pier,Water |
| Property Subtype | Apartment |
| Gross Income | 349320 |
| Waterfront Features | Beach Access,Beach Front,Ocean Access,Ocean Front |
| Community Features | Biking,Curbs,Street Lights,Sidewalks,Water Sports,Gated |
| County | Los Angeles |
| Net Operating Income | 299065 |
| Operating Expense | 51093 |
| Insurance Expense | 13919 |
| New Construction | false |
| Property Type | Residential Income |
| HOA | true |
| Garage Y/N | true |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | Just south of Avenue I |
| City | Redondo Beach |
| Entry Location | Ground Level |
| Senior Community Y/N | false |
| Open Parking Spaces | 16 |
| Number Of Units Total | 8 |
| MLS Area | 157 - S Redondo Bch W of PCH |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 6796 |
| Number of Units Leased | 8 |
| Listing Terms | Cash to New Loan,Owner May Carry,Private Financing Available |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Electric Expense | 836 |
| Fuel Expense | 430 |
| Trash Expense | 2442 |
| Water Sewer Expense | 3033 |
| Additional Parcels Y/N | false |
| Rent Control Y/N | false |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Public Records |
| Tax Lot | 27 |
| Total Actual Rent | 29110 |
| Property Sub Type Additional | Apartment |
| Expected Active Date | 2026-07-29 |
| PostalCity | REDONDO BEACH |
Interior Features
| Fireplace Features | None |
|---|---|
| Total Stories | 2 |
| Common Walls | No Common Walls |
| Heating Y/N | true |
| Window Features | Blinds |
| Fireplace Y/N | false |
| Laundry Features | Common Area |
| Entry Level | 1 |
Exterior Features
| Fencing | Average Condition |
|---|---|
| Parking Features | Assigned |
| Lot Features | 0-1 Unit/Acre |
| Water Source | Public |
| Total Parking | 24 |
| Lot Size Area | 6796 |
| Number of Buildings | 1 |
| Building Area Total | 5962 |
| Lot Size Acres | 0.156 |
| Road Surface Type | Paved |
| Private Pool | false |
| Lot Size Source | Assessor |
| Number of Separate Water Meters | 8 |
| Number of Separate Gas Meters | 8 |
| Number of Separate Electric Meters | 8 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 90277
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 19, 2026 2:31 AM UTC 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.
