Redondo Beach CA Real Estate & Commercial for Sale

A rare opportunity for an investor or owner user to purchase a generational trophy property in the heart of Riviera Village. First time offered for sale by the family of the original owner. The building is 3,600 square feet and feature 3 individual east facing retail store fronts (3 x 1,200). Situated on two parcels totaling 5,894 square feet with 60 feet of Frontage on Catalina Avenue and located just a short distance from the Pacific Ocean. This property allows an investor to obtain yield growth through rental rate adjustments and property enhancements. All units are separately metered for gas and electricity. A new roof was installed in 2023. Prime A+ Riviera Village Location with Significant Appreciation Aspects Substantial Rental Income Upside Potential Two lots totaling 5,894 sq. ft. with 60 feet of street frontage. Three Store Fronts totaling 3,600 sq. ft. (Each 1,200 Sq. Ft) Once in a Lifetime Generational Trophy Investment DO NOT DISTURB TENANTS.

- Great visibility in prime Redondo Beach Artesia and Aviation Corridor commercial hub- Outstanding South Bay Beach Cities location with strong demographics minutes from Manhattan Beach, Hermosa Beach, El Segundo and Torrance- Two separate buildings with 100% occupancy with a ~620 SF Juice Bar in the front and a ~1,120 SF CrossFit Tenant in the back of the property- Great flexibility for an owner user or developer- Permitted uses include retail, restaurants, schools, daycare, senior housing, hotels and office- The city is making numerous improvements in the Redondo Beach Artesia and Aviation Corridor including:- Adding pedestrian and bike friendly paths, outdoor dining & other gathering spaces- Increasing the allowable floor area ratio or square footage- Eliminating the CUP requirement for restaurants larger than 2,000 square feet

Introducing a prime commercial building just north of Pacific Coast Highway and Torrance Boulevard, offering 11 versatile units for office, mixed-use, and residential purposes. Owner financing is available, and the property qualifies for SBA. Nestled just 2 blocks from the beach, Redondo Pier, and King Harbor. Standout features include a secured garage with 29 parking stalls, immediate access to retail amenities, and significant upgrades in 2019. This property represents a unique opportunity for investment in a prime coastal location, whether for owner user, income generation, mixed-use development, or strategic investment in Redondo Beachs thriving area.

The current list price is $12,000,000 while the parking structure renovation is underway during the Spring of 2024 with an anticipated completion date in the summer. Once the project is complete, all the units are leased and new lease terms have been secured with current tenants then the price will be increased to $13,500,000 or more. (This is a value add opportunity, ideal for an owner user or investor). The seller may consider an adjusted price point for an as is offer while improvements are being completed. Owner financing maybe considered for a qualified buyer with terms to be determined for a possible long term commitment.A High traffic signalized corner located at the gateway to the beach communities of Redondo and Hermosa Beach. Easy to show lock box on second floor - call listing agent for an accompanied tour or go at your leisure from 9 to 4:30 (elevator and stair well are locked after hours).

MIXED USED PROPERTY on Prime Corner Lot in North Redondo Beach | Just 2.2 miles to Hermosa Beach (going West) | (Three) Commercial Retail Storefronts units on high traffic and high visibility Artesia Blvd with 2500 sf, AND (Two) Residential Bungalows on Slauson Lane with 960 sf and each 1BR/1BA. *** Great for an investor looking for a 2nd final leg to their 1031 exchange, or an owner-occupier. Two of the storefronts (#B and #C) were completely remodeled in 2020 with new HVAC, drywall, modern frontage (glass and door), recessed lighting, electrical wiring/outlets/switches, new flooring, ADA compliant bathrooms and new roof. *** Residential Bungalows (connected 1-car garages each) have 1BR/1BA each, front and back yards and located on Slauson Lane. *** Redondo Beach has an ''Artesia and Aviation Corridors Area Plan'' (dated Jan. 2020) with major plans to renovate the corridor.