$1,225,000
●
Condo -
Off Market
531 Esplanade #314
Redondo Beach, CA 90277
2 Beds
2 Baths,
1
Half Bath
1,246 Ft²
$2,044,492
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model
About This Property
This unit will take your breath away! Featuring amazing white
water, ocean, Catalina and Palos Verdes Peninsula views, you will
never get tired watching those incredible sunsets and feeling like
you are in a paradise. This property has been substantially
rehabbed after its recent sale and has a remodeled kitchen, living
room, and bathrooms. This condo has a much sought-after southern
exposure which makes it very light and airy and is perfect
for hanging out on the balconies and hearing and seeing the waves
rolling in. It also has a washer and dryer inside the unit. The
building ("Ocean Plaza") has a wonderful swimming pool, outdoor
spa, pool deck, gym and a meeting room. This unit comes with two
parking spots. HOA includes internet, trash and water. Don't miss
this amazing opportunity!
Unit Size
1,246 Ft²
Days on Market
90 days
Land Size
0.56 acres
Price per sqft
$1,026
Property Type
Condo
Property Taxes
-
HOA Dues
$525
Year Built
-
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Cap Rate Calculator
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Monthly Rental Income
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (CRMLS #PV17077678)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 11, 2017 | Sold | ||
| Sold | |||
| Apr 12, 2017 | Listed by RE/MAX Estate Properties | $1,279,000 | |
| Listed by RE/MAX Estate Properties | |||
Property Highlights
Parking Available
Garage
Elevator
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Bar, Entrance Foyer, Balcony, BlockWalls, AllBedroomsUp, GalleyKitchen
Appliances: Electric Oven, Electric Range, Microwave, Refrigerator
Flooring Type: Carpet, Laminate
Laundry Features: Inside
Fireplace Features: None
Exterior Details
Has Property Attached
Square Footage: 1246
Year Built Source: Assessor
Year Built: 1974
Levels: Two
Pool Features: Community, See Remarks, Association
Lot Features: Bluff
Lot Size Area: 24169
Lot Size Units: Square Feet
Lot Size Acres: 0.555
Lot Size Square Feet: 24169
Tax Lot: 1
Water Source: Public
Utilities Details
Cooling Type: None
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Fitness Center, Pool, Recreation Room, Spa/Hot Tub
HOA Fee: $525
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/16/2026
|
2 Bed
|
1 Bath
|
1308 ft²
|
$1,499,000
2 Bed
1 Bath
1308 ft²
|
-
-
|
Victoria Babilonia
RE/MAX Estate Properties
| |
|
02/17/2026
|
1 Bed
|
1 Bath
|
982 ft²
|
$995,000
1 Bed
1 Bath
982 ft²
|
$825,000
-17.09%
05/27/2026
|
Laura Grabher
Keller Williams South Bay
| |
|
03/03/2025
|
2 Bed
|
2 Bath
|
1246 ft²
|
$1,695,000
2 Bed
2 Bath
1246 ft²
|
$1,570,500
-7.35%
04/23/2025
|
Jeremy Shelton
Pacifica Properties Group, Inc.
| |
|
05/04/2024
|
2 Bed
|
2.5 Bath
|
1246 ft²
|
$1,795,000
2 Bed
2.5 Bath
1246 ft²
|
-
-
|
Jonathan Coleman
Real Estate West, Inc.
| |
|
11/01/2023
|
2 Bed
|
2.5 Bath
|
1246 ft²
|
$1,900,000
2 Bed
2.5 Bath
1246 ft²
|
-
-
|
Martha Alonso
RE/MAX Estate Properties
| |
|
06/08/2023
|
3 Bed
|
2.5 Bath
|
1627 ft²
|
$2,799,999
3 Bed
2.5 Bath
1627 ft²
|
-
-
|
Martha Alonso
RE/MAX Estate Properties
| |
|
10/16/2022
|
2 Bed
|
-
|
1434 ft²
|
$1,699,999
2 Bed
-
1434 ft²
|
-
-
|
Martha Alonso
RE/MAX Estate Properties
| |
|
08/05/2022
|
2 Bed
|
2 Bath
|
1187 ft²
|
$1,189,000
2 Bed
2 Bath
1187 ft²
|
$1,165,000
-2.02%
09/30/2022
|
Stan Botello
Re/Max Estate Properties
| |
|
02/13/2022
|
2 Bed
|
2 Bath
|
1246 ft²
|
$1,299,000
2 Bed
2 Bath
1246 ft²
|
-
-
|
Robert Maynard
Compass
| |
|
03/09/2021
|
2 Bed
|
3 Bath
|
1246 ft²
|
$1,099,000
2 Bed
3 Bath
1246 ft²
|
$993,500
-9.60%
06/23/2021
|
Robyn Biener
| |
|
03/02/2021
|
2 Bed
|
3 Bath
|
1246 ft²
|
$1,400,000
2 Bed
3 Bath
1246 ft²
|
$1,400,000
05/18/2021
|
Martha Alonso
| |
|
06/12/2020
|
2 Bed
|
3 Bath
|
1500 ft²
|
$1,195,000
2 Bed
3 Bath
1500 ft²
|
-
-
|
-
| |
|
01/18/2021
|
2 Bed
|
3 Bath
|
1434 ft²
|
$1,199,000
2 Bed
3 Bath
1434 ft²
|
$1,098,000
-8.42%
06/21/2021
|
Peter Kappelos
| |
|
10/13/2020
|
1 Bed
|
2 Bath
|
995 ft²
|
$1,250,000
1 Bed
2 Bath
995 ft²
|
-
-
|
-
| |
|
08/06/2020
|
2 Bed
|
3 Bath
|
1246 ft²
|
$1,498,000
2 Bed
3 Bath
1246 ft²
|
$1,450,000
-3.20%
10/13/2020
|
Cari Corbalis
| |
|
06/11/2020
|
2 Bed
|
3 Bath
|
1728 ft²
|
$1,999,999
2 Bed
3 Bath
1728 ft²
|
-
-
|
-
| |
|
10/10/2019
|
2 Bed
|
3 Bath
|
1246 ft²
|
$950,000
2 Bed
3 Bath
1246 ft²
|
-
-
|
-
| |
|
09/19/2019
|
1 Bed
|
1 Bath
|
613 ft²
|
$635,000
1 Bed
1 Bath
613 ft²
|
$619,000
-2.52%
10/25/2019
|
Danielle Newson
Vista Sotheby’s Realty
| |
|
05/13/2019
|
2 Bed
|
3 Bath
|
1500 ft²
|
$1,199,000
2 Bed
3 Bath
1500 ft²
|
-
-
|
-
| |
|
09/11/2018
|
2 Bed
|
3 Bath
|
1434 ft²
|
-
2 Bed
3 Bath
1434 ft²
|
-
-
|
-
| |
|
12/10/2018
|
2 Bed
|
2 Bath
|
1246 ft²
|
$999,000
2 Bed
2 Bath
1246 ft²
|
$965,000
-3.40%
02/22/2019
|
Daniel O'Connor
Strand Hill Christies International Real Estate
| |
|
06/02/2018
|
2 Bed
|
1 Bath
|
1434 ft²
|
$1,150,000
2 Bed
1 Bath
1434 ft²
|
$1,075,000
-6.52%
08/10/2018
|
Lynn O'Donnell
Vista Sotheby's International Realty
| |
|
09/02/2017
| |
2 Bed
|
3 Bath
|
1256 ft²
|
-
2 Bed
3 Bath
1256 ft²
|
-
-
|
-
|
|
08/24/2017
|
2 Bed
|
2 Bath
|
1256 ft²
|
$1,250,000
2 Bed
2 Bath
1256 ft²
|
$1,175,000
-6.00%
01/29/2018
|
Steve Zukmann
Vista Sotheby's International Realty
| |
|
04/12/2017
|
2 Bed
|
2 Bath
|
1246 ft²
|
$1,279,000
2 Bed
2 Bath
1246 ft²
|
$1,225,000
-4.22%
07/11/2017
|
Igor Nastaskin
RE/MAX Estate Properties
| |
|
09/02/2015
|
1 Bed
|
1 Bath
|
982 ft²
|
$649,000
1 Bed
1 Bath
982 ft²
|
$624,000
-3.85%
10/02/2015
|
Tony Puma
Palm Realty Boutique, Inc.
|
Building Info
About South Redondo Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$3,195 /mo
- 2 Beds
- 1 Bath
- 750 ft²
$3,475 /mo
- 2 Beds
- 1 Bath
- 1,250 ft²
Listed by: Igor Nastaskin, RE/MAX Estate Properties
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PV17077678
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PV17077678
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