$5,950,000
$6,200,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
1700 S Catalina Avenue Redondo Beach, CA 90277
7,792 SqFt
Key Details
Sold Price $5,950,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 7,792 sqft
Price per Sqft $763
MLS Listing ID CRSB24083535
Sold Date 10/16/24
HOA Y/N No
Year Built 1981
Lot Size 10,567 Sqft
Acres 0.24
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 Listing
Zoning RB C
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Other, Cable Available
Building
New Construction No
Others
Tax ID 7511012012
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Bought with JosephNuzzolo