Property Showcase

1617 S Pacific Ccoast HwyRedondo Beach, CA 90277 0

$12,500,000
Commercial
Status: Active
  • Sqft:
  • Lot:0.39 acre
  • MLS#: SB21196999
33.819240570068359-118.38558959960938
Courtesy Of Jim Menton, DRE#00582209, 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.

Main Features:

Listing Status Active Year Built 1961
County Los Angeles Taxes $151,575.00
Rental Price $0

Additional Features:

Business Type ProfessionalOffice
Restaurant
Retail
Construction Concrete
Steel
Cooling HighEfficiency
Fence None
Heating ForcedAir
NaturalGas
Laundry None
Listing Type ExclusiveRightToSell
Lot Description CornerLot
Occupied By Tenant
Property Subtype Retail
Roof Composition
Special Conditions Standard
Water Public
Year Built Source Assessor

Extra Features:

Building Square Feet 16975 CDOM 99
DOM 99 Gross Income 507516
Gross Scheduled Income 507516 Listing Key 541645503
Net Operating Income 386367 Operating Expense 121149
Parcel Number 7511007044

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 2022 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.
Information deemed reliable but not guaranteed.
Copyright© 2022 California Regional Multiple Listing Service, Inc. All rights reserved.
Last Updated On: 1/20/2022 12:05:10 AM

1617 S Pacific Ccoast Hwy, Redondo Beach, CA 90277

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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 2022 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.
Information deemed reliable but not guaranteed.
Copyright© 2022 California Regional Multiple Listing Service, Inc. All rights reserved.
Last Updated On: 1/20/2022 12:05:10 AM

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