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1617 S Pacific Ccoast Hwy

Redondo Beach, CA 90277
  • $12,500,000
  • STATUS: Active
  • ON SITE: 85 Days
  • ID#: SB21196999
$12,500,000
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1961
County:

School Ratings & Info

Listing provided courtesy of Jim Menton of The Realestate Group

Description

This prime, exceptionally visible mixed use retail/office building in Riviera Village, South Redondo Beach's most prestigious retail/office/restaurant/walking area, this 2-story generational icon stands just 2 blocks from the Esplanade oceanfront. It is located at the corner of Pacific Coast Highway and Avenue I, the main gateway to the Village. Anchored by ground-level popular Good Stuff (a regional top-grossing eatery), Coffee Bean store, and Crazy Fish, each with long-term leases ensures stability. The fully-leased always highly desirable space houses 12 additional retail or office tenants, many of whom are long-term successful businesses. The internal space is largely updated and modernized, including an upper-level art deco theme. The building includes plentiful ground-level parking (108 spaces shared with a neighboring building). This property represents a rare investment opportunity in today's severely restricted prime commercial marketplace. It is a Beach Cities jewel. Contact LA for additional details.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T00:26:48.187. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
www.necolrealty.com/homes/121190343
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1617 S Pacific Ccoast Hwy Redondo Beach, CA 90277

  • Price: $12,500,000
  • Status: Active
  • On Site: 85 Days
  • ID#: SB21196999
0
Beds
0
Baths
0
½ Baths
0.39
Acres
1961
Built
Neighborhood:
157 - S Redondo Bch W of PCH
County:
Los Angeles
Area:
157 - S Redondo Bch W of PCH
Property Description
This prime, exceptionally visible mixed use retail/office building in Riviera Village, South Redondo Beach's most prestigious retail/office/restaurant/walking area, this 2-story generational icon stands just 2 blocks from the Esplanade oceanfront. It is located at the corner of Pacific Coast Highway and Avenue I, the main gateway to the Village. Anchored by ground-level popular Good Stuff (a regional top-grossing eatery), Coffee Bean store, and Crazy Fish, each with long-term leases ensures stability. The fully-leased always highly desirable space houses 12 additional retail or office tenants, many of whom are long-term successful businesses. The internal space is largely updated and modernized, including an upper-level art deco theme. The building includes plentiful ground-level parking (108 spaces shared with a neighboring building). This property represents a rare investment opportunity in today's severely restricted prime commercial marketplace. It is a Beach Cities jewel. Contact LA for additional details.
Exterior Features

Construction Materials ConcreteSteel Fencing None Lot Features Corner Lot Roof Composition

Interior Features

Cooling High Efficiency Cooling YN Yes Heating Forced AirNatural Gas Heating YN Yes

Property Features

Additional Parcels YN No Business Type Professional/OfficeRestaurantRetail Common Interest None Gross Scheduled Income 507516 Laundry Features None Listing Agreement Exclusive Right To Sell Net Operating Income 386367 Operating Expense 121149 Property Sub Type Retail Special Listing Conditions Standard Tax Annual Amount 151575 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T00:26:48.187. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
 
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Realty ONE Group Southwest
41463 Margarita Rd. Suite 100
Temecula CA, 92591
Listing provided courtesy of Jim Menton of The Realestate Group