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$ 8,950,000
Est. payment | /mo
5 Beds
5 Baths
6,796 Sqft Lot
$ 8,950,000
Est. payment | /mo
5 Beds
5 Baths
6,796 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26148603
Bedrooms 5
Lot Size 6,796 Sqft
Property Sub-Type Res Income 2-4 Units
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% downa 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 LAs 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
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Just south of Avenue I
Interior
Fireplace No
Exterior
Utilities Available Septic Installed
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7511010025
Acceptable Financing Seller May Carry
Listing Terms Seller May Carry
Listed by Rami Elminoufi, DRE#01434630 Beach City Brokers
Nearby Locations
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Christa Simonsen
REALTOR® | Lic# DRE# 01953213