Listed by Michael Talbot, RE/MAX Estate Properties,

901 N Pacific Coast

Redondo Beach, CA, 90277

$12,000,000

$494 per ft²
$12,000,000
$494 per ft²
Active
Active
 - For Sale
carpenters-square
24,256 ft²
property_type
Commercial
calendar
Built 1987
Rare opportunity to own a trophy asset at the Gateway to the beach cities located on the signalized corner of Pacific Coast Hwy. and Herondo (Anita - 190th) with a traffic count of 90k daily with 130 feet of frontage along PCH and 704 feet along Herondo. The three freshly painted 2 story contemporary professional commercial buildings of approx. 24,256 sq. ft. are divided into 8 suites spread out on a 50,188 sq. ft. lot. A strong seasoned tenant base is supporting a 3.1% cap rate as is with two vacancies providing a value add opportunity or to satisfy an owner user to occupy a 4,000 sq. ft. ocean view office. Within the first year, there's an opportunity to lease up the vacant space at market rents to a 5% cap rate.
MLS® ID:
SB23011325
Listed:
1/18/23
Updated:
1/31/23
RE/MAX Estate Properties
Bill Ruane

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None
Heating
Central

Exterior/Building Features

Lot Size
1.15 acres lot
Lot Details
Corner Lot

Other Property Details

Area Name
157 - S Redondo Bch W of PCH
Taxes
$55403
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Los Angeles
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Water Source
Public
Pool
No
Total Stories
2
Zoning
RBC3
Buyer Agency Compensation
2.000

Listed by RE/MAX Estate Properties, Michael Talbot,
Listing Contact: 310-422-4309 

Based on information from California Regional Multiple Listing Service, Inc. as of 1/31/23. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 9:01 AM UTC, 1/31/23

RE/MAX Estate Properties
Bill Ruane
Contact