601 Esplanade #B
About This Property
The manager has listed the unit size as 2160 square feet.
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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%.
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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 |
|---|---|---|---|
| Apr 17, 2025 | Sold | ||
| Sold | |||
| Feb 10, 2025 | Listed | $4,200,000 | |
| Listed | |||
| | |||
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Discover an exceptional beachfront luxury condominium at 601 Esplanade, Unit B, Redondo Beach. Spanning 2,497 square feet (BTV), this upper-level residence in an exclusive two-unit building offers privacy, breathtaking ocean views from every room, and an unparalleled coastal lifestyle with easy beach access.
Step into your private three-level elevator and ascend to a spectacular rooftop deck, reserved exclusively for Unit B. Here, panoramic Pacific Ocean views set the stage for relaxation, complete with your own personal spa. The exclusive front yard allows you to enjoy a private garden and patio, a rare find in beachfront living.
The separate two-car garage ensures secure parking and additional storage. Inside, soaring 15-foot ceilings create an open, airy ambiance, with floor-to-ceiling windows that make you feel as if you're aboard an ocean liner. Watch dolphins play, surfers ride the waves, and ships glide across the horizon—all from the comfort of your home.
Walk to the Redondo Pier or the quaint Riviera Village, where world-class dining, shops, and nightlife await. Embrace the coastal charm of the sunroom, the perfect spot for barbecuing with an ocean view.
| |||
| Feb 12, 2021 | No longer available | - | |
| No longer available | |||
| Sep 30, 2020 | Price Decreased |
$4,385,000
↓ $100K
(2.2%) | |
| Price Decreased | |||
| Sep 10, 2020 | Listed | $4,485,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/10/2025
|
3 Bed
|
3 Bath
|
2497 ft²
|
$4,200,000
3 Bed
3 Bath
2497 ft²
|
$3,700,000
-11.90%
04/17/2025
|
Justin Drury
Strand Hill Properties
| |
|
09/10/2020
|
3 Bed
|
3 Bath
|
2160 ft²
|
$4,485,000
3 Bed
3 Bath
2160 ft²
|
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-
|
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|
Building Info
About South Redondo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017