$5,950,000
$6,200,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
1700 S Catalina AVE Redondo Beach, CA 90277
7,792 SqFt
Key Details
Sold Price $5,950,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 7,792 sqft
Price per Sqft $763
MLS Listing ID SB24083535
Sold Date 10/16/24
HOA Y/N No
Year Built 1981
Tax Year 2023
Lot Size 10,567 Sqft
Acres 0.2426
Lot Dimensions Assessor
Property Description
Located in the vibrant area of Riviera Village. A rare opportunity for an investor to acquire a boutique two story courtyard style commercial building with 7,792 square feet of leasable space. 5 retail store fronts with a combined 5,401 sq. ft. including two restaurants, plus 3 second level office suites (2,301 s/f). Constructed in 1981 and situated on a high visibility corner in the heart of Riviera Village with a high daily vehicle count and significant pedestrian foot traffic. The 10,567 sq. ft. parcel provides 119’ of street frontage on Catalina Ave and 85’ of frontage on Avenue I. The A+ location is just one block from the beach with a major beach access ramp at the base of Avenue I. Surrounded by high-end retail outlets, restaurants and the iconic beach front bike path. Conveniently there are 22 parking spaces in the secure gated subterranean parking garage for tenant use and an additional 5 off street spaces for customers and cliental. All units are separately metered for gas and electricity. 51.32% of the operating expenses are NNN reimbursable.
Location
State CA
County Los Angeles
Area 157 - S Redondo Bch W Of Pch
Zoning RB C-2 Pedestrian Oriente
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Composition
Present Use Commercial
Building
Lot Description Corner Lot, Irregular Lot, Rectangular Lot, Street Level, Flat
Story 2
Water Public
Others
Tax ID 7511012012
Security Features Security Gate
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Trust Conveyance
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Trust Conveyance
Financing Cash
Special Listing Condition Trust
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Bought with Joseph Nuzzolo • Thompson Team Real Estate, Inc.