Redondo Beach, CA 90277,1700 South Catalina Avenue
Redondo Beach, CA 90277,1700 South Catalina Avenue
Redondo Beach, CA 90277,1700 South Catalina Avenue
Listed by Jay Horrell • Horrell Realtors
$5,950,000
Est. payment /mo
Est.Price: ?

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SOLD DATE : 10/16/2024

Key Details

Sold Price $5,950,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB-24083535

Year Built 1981

Tax Year 2023

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

Zoning RB C-2 Pedestrian Oriente

Interior

Laundry None

Exterior

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

Building

Lot Description Irregular Lot, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Corner Lot

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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