Redondo Beach, CA 90277,1700 S Catalina AVE
Redondo Beach, CA 90277,1700 S Catalina AVE
Redondo Beach, CA 90277,1700 S Catalina AVE
Redondo Beach, CA 90277,1700 S Catalina AVE
Redondo Beach, CA 90277,1700 S Catalina AVE
Redondo Beach, CA 90277,1700 S Catalina AVE
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$5,950,000

$6,200,000

4.0%
Est.Price: ?

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Est. payment /mo

10,567 Sqft Lot


SOLD DATE : 10/16/2024

Key Details

Sold Price $5,950,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB24083535

Sold Date 10/16/24

HOA Y/N No

Year Built 1981

Tax Year 2023

Lot Size 10,567 Sqft

Lot Dimensions Assessor

Property Description

Located in the vibrant area of Riviera Village. A rare opportunity for an investor to acquire a boutique two story courtyard style commercial building with 7,792 square feet of leasable space. 5 retail store fronts with a combined 5,401 sq. ft. including two restaurants, plus 3 second level office suites (2,301 s/f). Constructed in 1981 and situated on a high visibility corner in the heart of Riviera Village with a high daily vehicle count and significant pedestrian foot traffic. The 10,567 sq. ft. parcel provides 119’ of street frontage on Catalina Ave and 85’ of frontage on Avenue I. The A+ location is just one block from the beach with a major beach access ramp at the base of Avenue I. Surrounded by high-end retail outlets, restaurants and the iconic beach front bike path. Conveniently there are 22 parking spaces in the secure gated subterranean parking garage for tenant use and an additional 5 off street spaces for customers and cliental. All units are separately metered for gas and electricity. 51.32% of the operating expenses are NNN reimbursable.

Location

State CA

County Los Angeles

Area 157 - S Redondo Bch W Of Pch

Zoning RB C-2 Pedestrian Oriente

Interior

Fireplace No

Laundry None

Exterior

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Composition

Present Use Commercial

Building

Lot Description Corner Lot, Irregular Lot, Rectangular Lot, Street Level, Flat

Story 2

Water Public

Others

Tax ID 7511012012

Security Features Security Gate

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Trust Conveyance

Listing Terms Cash, Cash to New Loan, 1031 Exchange, Trust Conveyance

Financing Cash

Special Listing Condition Trust

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California Regional MLS (CRMLS)
Listed by Jay Horrell • Horrell Realtors • 310-729-6441
Bought with Joseph Nuzzolo • Thompson Team Real Estate, Inc.
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