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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Redondo Beach at 700 Esplanade APT 5, Redondo Beach, CA, 90277 offers $6,292/mo rent that, after a $6,240/mo payment. Total monthly income is $6,292/mo. Return on cash invested measures 13.09% in year one, and rental yield stands at 5.92% at a $1,275,000 entry. Equity gained on principal adds $8,227/yr while 5% annual appreciation compounds into $352,259 by year five. Five-year ROI records 67.16% and total cumulative return in cash reaches $277,418. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,292/mo property income versus a $6,240/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1976
0.78 Acres lot
$N/A/sqft
$850 monthly HOA
Neighborhood data shown for ZIP Code: 90277, Redondo Beach, CA area.
| 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 |
Residential
18,022
Single Family
8,500
Multi-Family
9,522
Businesses
1,826
Date | Event | Price |
|---|---|---|
| 2025-04-18 | Listed for sale | $1,275,000 |
| 2019-05-21 | Listing removed | $3,400 |
| 2019-05-08 | Listed for rent | $3,400 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-20 | $10273.24 | 1.86% | $903,347 | 2.00% |
| 2023-04-20 | $10085.43 | 1.34% | $885,635 | 2.00% |
| 2022-04-20 | $9951.85 | 2.00% | $868,271 | 2.00% |
Listed by: Howard Wood • Vista Sothebys International Realty
Mls Name: CRMLS
Mls Provider:
Mls ID: #SB25084845
Disclaimer: The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-20 00:14:39 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
