229 Avenue I Redondo Beach, CA 90277

10,480 Sqft
17,344 Sqft lot
0.40 Acre lot
Status: Active
Property Type: Mixed Use
Year Built: 1987
Days on Website: 586

Property listed by The Realestate Group, Jim Menton. IDX Contact: 310-540-0072

Description

Located in the gateway to Riviera Village, Redondo Beach's most prestigious retail/office area, this 3 story jewel is a generational treasure. It stands just 2 short blocks to Redondo's Esplanade oceanfront. The building includes plentiful ground level and restricted underground parking. Solid long term leases ensure stable income. The entire internal and external space have recently been fashionably updated/remodeled (1st floor still in progress for new tenant), including the elevator. Some spaces feature ocean views and decks. Rooftop cellular sites contribute substantially to income with no owner maintenance at all. This property has never been on the open market since construction and represents a unique opportunity to secure an iconic position in one of the Beach Cities top commercial zone.

Open House

Property Details and Features

  • 3 total stories
  • Built in 1987
  • 10480 total building sqft
  • Elevator(s)
  • Glass
  • Concrete
  • Stucco
  • Steel
  • Central Air
  • Zoned
  • Operating Expense: $134,800
  • Electric
  • Forced Air
  • Gross Scheduled Income: 414936
  • Net Operating Income: 280136
  • Listing ID: SB21003869
  • Property Subtype: Mixed Use
  • 568 days on market
  • Listed on 2021-01-07
  • County: Los Angeles
  • 17344 sqft
  • 0.3982 acres
  • Area: 17344
  • Sprinklers In Front
  • Level
  • Near Public Transit
  • Sprinkler System
  • 5 units
  • Composition
  • Fire Sprinkler System
  • Security Gate
  • Electricity - On Property
  • Cable Available
  • Electricity Connected
  • Natural Gas Connected
  • Phone Available
  • Sewer Connected