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Listed by Rami Elminoufi, DRE #01434630 • Beach City Brokers
$ 8,950,000
Est. payment | /mo
6,796 Sqft Lot
$ 8,950,000
Est. payment | /mo
6,796 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26148603
Year Built 1956
Lot Size 6,796 Sqft
Source California Regional MLS
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 l
Location
State CA
County Los Angeles
Area 157 - S Redondo Bch W Of Pch
Interior
Heating Wall Furnace
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces
Garage Spaces 24.0
Pool None
View Hills, Local/Neighborhood, Ocean, Panoramic, Water, City Lights
Building
Sewer Septic Tank / Pump
Water District - Public
Others
Tax ID 7511010025
Special Listing Condition Not Applicable
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