531 Esplanade APT 713, Redondo Beach, CA, 90277 | 5.04% Rental Yield

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531 Esplanade APT 713, Redondo Beach, CA, 90277 | 5.04% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Redondo Beach at 531 Esplanade APT 713, Redondo Beach, CA, 90277 earns from $7,082/mo rent with a $8,247/mo payment. Total monthly income totals $7,082/mo. ROI tracks 13.03% on current figures, and rental yield reads 5.04% at a $1,685,000 purchase. Equity gained on principal adds $10,873/yr, and 5% annual appreciation supports $465,534 over five years. Five-year ROI reaches 65.83% and total cumulative return in cash sums $359,366. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,082/mo property income instead of your personal income.

Condo

Built in 1974

0.55 Acres lot

$N/A/sqft

No HOA

More details about the property

Forever Views, Unmatched Coastal Luxury Its all about the viewsand these are truly forever! Enjoy panoramic vistas of the ocean, sand, sunset, harbor, city, and mountains from this beautifully remodeled 2-bedroom, 2-bath waterfront condo in the heart of Redondo Beach. Just steps from the sand and surf, this home delivers the ultimate in Southern California coastal living. Step inside to discover a bright, open-concept design that seamlessly connects the living, dining, and kitchen areas to a generous outdoor patioperfect for entertaining or simply soaking in the spectacular views. The gourmet kitchen features sleek quartz countertops, stainless steel appliances, a wine fridge, and custom cabinetry that perfectly blend style and function. Relax in the inviting living room by the LED fireplace, or open the floor-to-ceiling sliders on both levels to let in the refreshing ocean breeze and natural light. The primary suite offers a spa-inspired bathroom with a luxurious jet tub and walk-in shower, while the guest bedroom includes its own beautifully appointed bath. Additional highlights include two-car tandem parking in a secure garage and convenient storage. Located within the prestigious Ocean Plaza, a gated community offering direct beach and bike path access, pool, spa, sauna, fitness center, clubhouse, and event roomeverything you need for resort-style living. Just a short stroll to Redondos finest beaches, shops, and gourmet dining, this exceptional home makes every day feel like a vacation.

Neighborhood Data

Neighborhood data shown for ZIP Code: 90277, Redondo Beach, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,815 (100%)
Owner Occupied HU	7,737 (43.4%)
Renter Occupied HU	8,952 (50.2%)
Vacant Housing Units	1,126 ( 6.3%)
Median Home Value	$1,456,087
Average Home Value	$1,522,751