5
Baths
2,633 Sq. Ft.
$944 / Sq. Ft.
2,633
Sq. Ft.
$944
per Sq. Ft.

Description

622 Esplanade is a triplex located in Redondo Beach, CA. Built-in 1957, the property boasts a unique unit mix of, (1) One Bedroom, One Bathroom unit, and (2)Two Bedroom, Two Bathroom units. The property has been well maintained and offers tenants garage and on-site parking. Situated adjacent to the Redondo Beach Pier, tenants of 622 Esplanade benefits from high-end shopping, dining, and entertainment that lines the Pacific Coast Highway and the Redondo Beach area. The property sits less than a block...622 Esplanade is a triplex located in Redondo Beach, CA. Built-in 1957, the property boasts a unique unit mix of, (1) One Bedroom, One Bathroom unit, and (2)Two Bedroom, Two Bathroom units. The property has been well maintained and offers tenants garage and on-site parking. Situated adjacent to the Redondo Beach Pier, tenants of 622 Esplanade benefits from high-end shopping, dining, and entertainment that lines the Pacific Coast Highway and the Redondo Beach area. The property sits less than a block away from Redondo Beach and there are plenty of parks and schools in the vicinity. One Bedroom One Bathroom unit is a nonconforming unit. Buyer to perform their own investigations on the future viability of getting the unit to be conforming.

Property Details for 622 Esplanade

Zoning
RBRMD
Parcel Number
7508006022
Total Units
3.0
Living Area
2633
Source Living Area
Other
Area
S. Redondo Beach South of PCH
Vacancy Rate
0%
Lot Size Area
4908
LISTING UPDATED: 04/07/2023 02:46 PM

Property Details for 622 Esplanade

StatusSold
MLS #22-205581
Days on Market178
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.11 AC / 4,908 SF
CountyLos Angeles County

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Sold By Coldwell Banker Residential Brokerage, Christian Humbert, DRE #01347925

Add your commute

Building Information for 622 Esplanade

Stories2Residences-Year Built1957Building Size-Lot Size0.11 AC / 4,908 SF

Payment Calculator

$14,659 per month

30 year fixed, 6.15% Interest

Principal and Interest

$12,111

Property Taxes

$2,548

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 622 Esplanade

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $113,781
  • Net Operating Income: $75,381.00
  • Gross Income: $117,300
  • Gross Scheduled Income: $117,300
  • Gross Rent Multiplier: $21.31
  • Total Annual Expense: 38400
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1127
  • Lot Size Square Feet: 4908
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 5
  • Open Other Spaces Total: 3
  • Garage Spaces Total: 2
Interior Features
Interior Features
  • Cooling: Other/Remarks
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 10-04-2022
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,975.00
  • Unit Actual Rent: $1,975.00
  • Unit Projected Rent: $2,173.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,900.00
  • Unit Actual Rent: $7,800.00
  • Unit Projected Rent: $8,580.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $191,395.00
  • Assessed Improvement Percent: 38.46
  • Assessed Land Value: $306,242.00
  • Assessed Land Percent: 61.54
  • Assessed Total Value: $497,637.00

Property History for 622 Esplanade

DateEvent & SourcePriceAppreciation
Apr 7, 2023

Sold

CRMLS #22205581

$2,485,000—
Apr 7, 2023

Sold

CLAW #22-205581

$2,485,000—
Apr 7, 2023

Sold

SDMLS #22-205581

$2,485,000—
Mar 21, 2023

Sold (Public Record)

Public Record #1508536980

$2,485,000—
Mar 16, 2023

Pending

SDMLS #22-205581

—
Mar 16, 2023

Pending

CLAW #22-205581

—
Mar 16, 2023

Accepting Backup Offers

CRMLS #22205581

—
Mar 16, 2023

Accepting Backup Offers

CLAW #22-205581

—
Jan 25, 2023

Price Change

CRMLS #22205581

$2,500,000—
Jan 25, 2023

Price Change

CLAW #22-205581

$2,500,000—
Sep 19, 2022

Listed (Active)

SDMLS #22-205581

$2,700,000—
Sep 19, 2022

Listed (Active)

CRMLS #22205581

$2,700,000—
Sep 19, 2022

Listed (Active)

CLAW #22-205581

$2,700,000—
DateEvent & SourcePrice
04/07/2023

Sold

CRMLS #22205581

$2,485,000
04/07/2023

Sold

CLAW #22-205581

$2,485,000
04/07/2023

Sold

SDMLS #22-205581

$2,485,000
03/21/2023

Sold (Public Record)

Public Record #1508536980

$2,485,000
03/16/2023

Pending

SDMLS #22-205581

—
03/16/2023

Pending

CLAW #22-205581

—
03/16/2023

Accepting Backup Offers

CRMLS #22205581

—
03/16/2023

Accepting Backup Offers

CLAW #22-205581

—
01/25/2023

Price Change

CRMLS #22205581

$2,500,000
01/25/2023

Price Change

CLAW #22-205581

$2,500,000
09/19/2022

Listed (Active)

SDMLS #22-205581

$2,700,000
09/19/2022

Listed (Active)

CRMLS #22205581

$2,700,000
09/19/2022

Listed (Active)

CLAW #22-205581

$2,700,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 622 Esplanade

Taxable ValueLand$1,550,196Additions$1,035,198Total$2,585,394
Tax Record2025$30,582 ($2,548 / month)
Home Facts
Total Finished SqFt2,633 SqFtAbove Grade Finished SqFt2,633 SqFtLot Size4,908 SqFtStyleDuplexYear Built1957ZoningRBRMDCountyLOS ANGELESAPN7508-006-022

Schools near 622 Esplanade

This home is within Redondo Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alta Vista Elementary School
PublicK to 5

Parras (Nick G.) Middle School
Public6 to 8

Redondo Union High School
Public9 to 12

Redondo Beach Learning Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.