615 Esplanade UNIT 512, Redondo Beach, CA, 90277 | 7.28% Rental Yield

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615 Esplanade UNIT 512, Redondo Beach, CA, 90277 | 7.28% 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 512, Redondo Beach, CA, 90277 earns from $4,543/mo rent with a $3,666/mo payment. Total monthly income totals $4,543/mo. ROI tracks 19.62% on current figures, and rental yield reads 7.28% at a $749,000 purchase. Equity gained on principal adds $4,833/yr, and 5% annual appreciation supports $206,935 over five years. Five-year ROI reaches 101.26% and total cumulative return in cash sums $249,520. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,543/mo property income instead of your personal income.

Condo

Built in 1971

0.73 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to coastal living at its finest in the iconic Sand Castle building on the Esplanade! This charming 1-bedroom condo offers a front-row seat to beachside life, with beautiful sand and whitewater views visible from the private balcony a perfect spot to enjoy your morning coffee or soak in the vibrant coastal sunsets. While partially framed by the building in front, the views still capture the best of the beach atmosphere, with the sound of waves and the ocean breeze always present. Inside, this well-maintained unit features rich hardwood flooring throughout and a spacious, light-filled layout with endless potential to personalize. The kitchen and bathroom remain in clean, original condition, offering a great opportunity for the next owner to upgrade to their taste. The generously sized bedroom includes a walk-in closet, and the living room opens seamlessly to the balcony and beach views beyond. The unit includes a reserved parking space near the elevator, as well as a large, private storage unit ideal for your beach gear or cruiser bike. Residents of the Sand Castle enjoy direct beach access and community amenities including an ocean-view rec room, sauna, bathrooms, and showers. All current building assessments have been paid by the seller, and the building exterior is nearing completion of its stunning renovation soon to be one of the best-looking communities on the Esplanade. Whether you're looking for a beach getaway or a blank canvas to create your dream oceanfront home, this is a rare opportunity in one of South Redondo's most sought-after locations.

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