420 Esplanade #9
About This Property
Step into the expansive living area where a spacious layout includes a beautiful gas fireplace and mantle with mirrors to the top of the 16-foot-high ceiling create an airy, inviting ambiance. Large windows and balcony slider doors fill the space with natural light offering a serene backdrop for relaxation or entertaining. Walk out to the huge 24-foot-long balcony that overlooks the ocean, pool, and spa tub. The warm carpeting and tile floors throughout add a touch of sophistication to the home.
The kitchen is equipped with stainless steel appliances, including a 5-burner gas range, microwave, refrigerator, and dishwasher. Under cabinet lighting throughout the kitchen where the granite countertop blends into a six-foot long 3-stool bar looking into the living room. Its functional design seamlessly blends style and practicality, perfect for preparing meals while enjoying the ocean breeze.
Retreat to any of the three generously sized bedrooms, each with ample space to create your own personal sanctuary. Primary bedroom has a walk-in closet, ensuite bathroom with separate bathtub and shower rooms, and 16-foot ceiling with access to the same large balcony that connects to the living room. The other two bedrooms each have their own balcony.
The upstairs level has a spacious loft that overlooks the living room and dining room that can serve as a sitting room or second office; an additional room that can be dedicated office, laundry room, walk-in utility room for storage, and large south facing balcony.
Additional property highlights: one of the few Esplanade properties with a pool and large spa tub perfect for outdoor gatherings or enjoying the California sunshine, gated garage with two spaces per unit, storage lockers, secure entry, elevator, guest parking, bike room, and a recreation room.
Beachside living with its unbeatable location, only 500 feet to the sand of Redondo Beach where you can enjoy beach strolls or bike rides along the bike path. Only 1/4 mile from the historical Redondo Beach Pier. Beautiful Veterans Park is across the street, as is the weekly Thursday Farmers Market.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 10, 2025 | Sold | ||
| Sold | |||
| Dec 26, 2024 | Listed by Aspire Realty Advisors | $1,850,000 | |
| Listed by Aspire Realty Advisors | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/26/2024
|
3 Bed
|
3 Bath
|
1981 ft²
|
$1,850,000
3 Bed
3 Bath
1981 ft²
|
$1,868,000
+0.97%
02/10/2025
|
Michael Bauman
Aspire Realty Advisors
| |
|
06/17/2024
|
3 Bed
|
3 Bath
|
1935 ft²
|
$2,195,000
3 Bed
3 Bath
1935 ft²
|
$1,995,000
-9.11%
10/15/2024
|
Martha (Mimi) Alonso
RE/MAX Estate Properties
| |
|
04/27/2023
|
3 Bed
|
3 Bath
|
2012 ft²
|
$1,395,000
3 Bed
3 Bath
2012 ft²
|
$1,705,000
+22.22%
05/31/2023
|
Mike Baker
RE/MAX Estate Properties
| |
|
10/30/2019
|
2 Bed
|
2 Bath
|
1800 ft²
|
$1,100,000
2 Bed
2 Bath
1800 ft²
|
$1,050,000
-4.55%
02/12/2020
|
Greg Geilman
RE/MAX Estate Properties
| |
|
11/16/2017
|
3 Bed
|
2 Bath
|
1991 ft²
|
$1,225,000
3 Bed
2 Bath
1991 ft²
|
$1,175,000
-4.08%
03/23/2018
|
Colleen McGuire
Re/Max Estate Properties
|
Building Info
About South Redondo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017