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$12,000,000
56 Days Online

901 N Pacific Coast
Redondo Beach, CA 90277

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
24,256
SqFt
$495
/SqFt
1987
Built
County:
Los Angeles
Listed by Michael Talbot of RE/MAX Estate Properties

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310-902-7214
901 N Pacific Coast901 N Pacific Coast901 N Pacific Coast901 N Pacific Coast
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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.

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Listing Snapshot
Price 
$12,000,000
Days Online 
56 Days
Bedrooms 
N/A
Inside Area (SqFt) 
24,256 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.1522 Acres
Year Built 
1987
MLS Number 
SB23011325
Status 
Active
Property Tax 
$55,403
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS
2 months agoListing first seen online
General Features
Construction 
Stucco
Building Features 
Elevators
Electric 
Item220 Volts
Number of Stories 
2
Acreage 
1.1522
Water 
Public
Property Sub Type 
Office
Utilities 
Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected
Zoning 
RBC3
Listing Conditions 
Standard
Interior Features
Heating 
Central
Laundry Features 
None
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Exterior Features
Fencing 
None
Lot 
Corner Lot
Community Features
MLS Area 
157 - S Redondo Bch W of PCH
Building Features 
Elevators


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. The 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.

Neighborhood & Commute
Source: Walkscore
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