1710 Esplanade, Redondo Beach, California 90277

$8,950,000

Property Type

Residential Income

Building Size

5,962 sqft

City

Redondo Beach

Status

Active

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.