555 Esplanade APT 320, Redondo Beach, CA, 90277 | 4.21% Rental Yield

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555 Esplanade APT 320, Redondo Beach, CA, 90277 | 4.21% 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

Rental property for sale in Redondo Beach at 555 Esplanade APT 320, Redondo Beach, CA, 90277 generates $3,749/mo in rent, after a $5,232/mo payment. Total monthly income is $3,749/mo. Return on cash invested sits at 10.45% in year one, and rental yield is 4.21% on a $1,069,000 entry. Equity gained on principal adds $6,898/yr, while 5% annual appreciation builds toward $295,345 over five years. Five-year ROI reaches 52.01% and total cumulative return in cash sums $180,151. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,749/mo property income rather than buyer’s personal income.

Condo

Built in 1976

0.68 Acres lot

$N/A/sqft

No HOA

More details about the property

Experience oceanfront living in this beautifully updated single-level condo, perfectly positioned on The Esplanade with breathtaking coastline views from Palos Verdes to Malibu. Two patiosincluding a west-facing deckset the scene for your morning coffee or sunset glass of wine overlooking the Pacific. Step inside to a bright, open floor plan where wide-plank floors, plantation shutters, recessed lighting, and fresh coastal tones create an inviting, airy feel. The living room, complete with a cozy gas fireplace, opens directly to the deck and offers partial ocean views. The remodeled kitchen is thoughtfully designed with stone countertops, white cabinetry, a tile backsplash, and stainless steel appliances. The dining area features built-ins, a buffet, and a wine fridgeperfect for easy entertaining. The spacious primary suite offers dual closets and an ensuite bath, while the secondary bedroom is filled with natural light and access to the second bathroom. Additional highlights include ample closet space, in-unit laundry, and beautiful floors throughout in the main areas with plush carpet in the bedrooms. This secure building offers two side-by-side parking spaces, bike storage, a community terrace overlooking the ocean, and direct, secured access to the beach. All of this and only steps to the beach, the Redondo Beach Farmers Market, the Pier, parks, restaurants, shops and Riviera Village. To live, live by the sea!

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