625 Esplanade UNIT 63, Redondo Beach, CA, 90277 | 4.1% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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625 Esplanade UNIT 63, Redondo Beach, CA, 90277 | 4.1% 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

Total monthly income runs $3,926/mo, and a $5,624/mo payment. Purchase price stands at $1,149,000, and rental yield measures 4.1% with $3,926/mo rent. Return on cash invested shows 10.11% in year one, and 5% annual appreciation builds toward $317,448 over five years. Five-year ROI reaches 50.2% and total cumulative return in cash records $186,895. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,926/mo property income covering a $5,624/mo payment rather than investor’s personal income.

Condo

Built in 1974

0.89 Acres lot

$N/A/sqft

No HOA

More details about the property

Two-story penthouse with a private ocean-view deck, set along the Esplanade, Redondo Beach's most coveted stretch of coastline. A front-row seat to the ocean air and the quiet luxury of life at the water's edge. This rare three-bedroom, two-bath top-floor residence combines function with a timeless coastal aesthetic. The building's special assessment has already been paid in full, ensuring peace of mind for the next owner. Easily reached by the building's elevator from either the lobby or upper garage, the home includes two side-by-side parking spaces and an in-unit laundry closet with full-size machines. Both lower bedrooms feature en-suite baths, ideal for privacy and guests. The primary suite opens to a second balcony and offers two closets, including a generous walk-in. The guest bedroom includes a versatile bonus loft, while the upper third bedroom features a large closet and direct access to the private ocean-view deck, a true sanctuary of light, air, and tranquility. There's an atmosphere to this home that defies description; it has to be experienced to be understood.

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