615 Esplanade UNIT 206, Redondo Beach, CA, 90277 | 5.05% Rental Yield

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615 Esplanade UNIT 206, Redondo Beach, CA, 90277 | 5.05% 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 615 Esplanade UNIT 206, Redondo Beach, CA, 90277 listed at $999,000 pairs $4,202/mo rent with a $4,890/mo payment. Total monthly income runs $4,202/mo. Return on cash invested measures 12.84% in year one, and rental yield registers 5.05% at a $999,000 basis. Equity gained on principal adds $6,446/yr, and annual property appreciation at 5% supports $276,005 by year five. Five-year ROI tracks 64.88% and total cumulative return in cash totals $213,242. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,202/mo property income relative to a $4,890/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1971

0.73 Acres lot

$N/A/sqft

No HOA

More details about the property

Perfectly positioned on the second floor of the coveted ocean side of Esplanade, this panoramic view oceanfront condo is the perfect blend of coastal charm and contemporary design. Featuring unobstructed white water views from Catalina to Malibu, this inviting home has been thoughtfully remodeled throughout. The kitchen and living room have been opened up allowing for panoramic views from multiple areas of the unit. The kitchen has been upgraded with stylish countertops, newer appliances, and a modern sink with a complementary faucet. The bathroom was fully remodeled, featuring a refreshed shower design that balances functionality with a clean, modern aesthetic. An upgraded sliding door opens from the living area to a private patio, where peaceful ocean views create the perfect setting for morning coffee or evening relaxation. One of the most desirable features is the direct beach access along the iconic Esplanade, offering a front-row experience of the Southern California coastline while also offering the privacy on a second floor location. The property is conveniently located near local shops, grocery stores, and the vibrant Riviera Village, home to boutique shops, cafs, and popular dining spots. This home presents an opportunity to own an attractively updated ocean front condominium in one of Redondo Beachs most desirable coastal communities.

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