625 Esplanade #29
About This Property
The manager has listed the unit size as 1394 square feet.
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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 |
|---|---|---|---|
| Jul 24, 2026 | Sold | ||
| Sold | |||
| Jun 11, 2026 | In contract | - | |
| In contract | |||
| May 18, 2026 | Listed | $1,130,000 | |
| Listed | |||
| |||
|
Oceanfront Living at 625 Esplanade #29, Redondo Beach! Experience the ultimate in coastal living with this completely remodeled beachfront condo, located on the highly desirable Esplanade! Enjoy breathtaking ocean views from your private balcony, where you can check the surf at two of Redondo Beach’s best breaks— right from home. Inside, the unit features hardwood floors, a bright, open layout, a fully updated kitchen and bath, and in-unit laundry for added convenience. You’ll also have two dedicated side-by-side parking spaces, making beachside living effortless. The well-maintained complex offers three ocean view observation decks, perfect for relaxing, entertaining, or catching the sunset over the Pacific. All of this is just steps from the beach and within walking distance to Redondo’s top restaurants, shops, and nightlife. The HOA covers water, trash, internet, grounds maintenance, and earthquake insurance, giving you peace of mind and exceptional value. Live every day like you're on vacation—welcome to life at 625 Esplanade.
| |||
| Oct 1, 2025 | Price Decreased |
$1,250,000
↓ $25K
(2%) | |
| Price Decreased | |||
| Jul 16, 2025 | Price Decreased |
$1,275,000
↓ $25K
(1.9%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/18/2026
|
2 Bed
|
2 Bath
|
1394 ft²
|
$1,130,000
2 Bed
2 Bath
1394 ft²
|
$1,095,000
-3.10%
07/24/2026
|
Richard Eldred
Coldwell Banker Residential Br
| |
|
10/17/2025
|
3 Bed
|
2 Bath
|
1344 ft²
|
$1,149,000
3 Bed
2 Bath
1344 ft²
|
$1,160,000
+0.96%
12/22/2025
|
Matias Baker Masucci
Berkshire Hathaway HomeServices California Properties
| |
|
04/20/2021
|
1 Bed
|
1 Bath
|
759 ft²
|
$850,000
1 Bed
1 Bath
759 ft²
|
-
-
|
Charlene Rideout
Century 21 Masters
| |
|
11/05/2019
|
1 Bed
|
1 Bath
|
760 ft²
|
$830,000
1 Bed
1 Bath
760 ft²
|
-
-
|
-
| |
|
09/25/2019
|
2 Bed
|
2 Bath
|
1394 ft²
|
$950,000
2 Bed
2 Bath
1394 ft²
|
-
-
|
-
| |
|
06/15/2017
|
2 Bed
|
1 Bath
|
1143 ft²
|
$719,000
2 Bed
1 Bath
1143 ft²
|
$700,000
-2.64%
07/21/2017
|
Sandy Levy
Horrell Realtors
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017