Listed by Michael Talbot with RE/MAX Estate Properties

901 N Pacific Coast

Redondo Beach, CA, 90277

$12,000,000

$494 per ft²
$12,000,000
$494 per ft²
Active
Active
 - For Sale
carpenters-square
24,256 ft²
property_type
Commercial
calendar
Built 1987
Rare opportunity to own a trophy asset at the Gateway to the beach cities located on the signalized corner of Pacific Coast Hwy. and Herondo (Anita - 190th) with a traffic count of 90k daily with 130 feet of frontage along PCH and 704 feet along Herondo. The three freshly painted 2 story contemporary professional commercial buildings of approx. 24,256 sq. ft. are divided into 8 suites spread out on a 50,188 sq. ft. lot. A strong seasoned tenant base is supporting a 3.6% cap rate as is with one vacancy providing a value add opportunity or to satisfy an owner user to occupy a 4,000 sq. ft. ocean view office. Within the first year, there's an opportunity to lease up the vacant space, update cam charges as leases come up for renewal and adjust rents at market rates to a 5% cap rate. Please see the attached supplements with the marketing brochure with a virtual tour and rent roll, APOD, traffic count and demographics.
MLS® ID:
SB23011325
Listed:
1/18/23
Updated:
3/28/23
Coldwell Banker Alliance Realty
The Paul & Sophia Group
Mobile: (562) 755-9650Email: Sold@thepaulandsophiagroup.com

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None
Heating
Central

Exterior/Building Features

Lot Size
1.15 acres lot
Lot Details
Corner Lot

Other Property Details

Area Name
157 - S Redondo Bch W of PCH
Taxes
$55403
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Los Angeles
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Water Source
Public
Pool
No
Total Stories
2
Zoning
RBC3
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/28/23 at 9:04 AM UTC

Coldwell Banker Alliance Realty
The Paul & Sophia Group
Mobile: (562) 755-9650Email: Sold@thepaulandsophiagroup.com
Contact