1617 S Pacific Ccoast Hwy Redondo Beach, CA 90277

16,975 Sqft
16,975 Sqft lot
0.39 Acre lot
Status: Active Under Contract
Property Type: Retail
Year Built: 1961
Days on Website: 343

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

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.

Open House

Property Details and Features

  • 2 total stories
  • Built in 1961
  • 16975 total building sqft
  • Concrete
  • Steel
  • High Efficiency
  • Operating Expense: $121,149
  • Forced Air
  • Natural Gas
  • Gross Scheduled Income: 507516
  • Net Operating Income: 386367
  • Listing ID: SB21196999
  • Property Subtype: Retail
  • 259 days on market
  • Listed on 2021-09-07
  • County: Los Angeles
  • 16975 sqft
  • 0.3897 acres
  • Area: 16975
  • Corner Lot
  • Professional/Office
  • Restaurant
  • Retail
  • Composition
  • Annual Amount: $151,575