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$7,700,000
41 Days Online

1870 S Elena Avenue
Redondo Beach, CA 90277

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
5,265
SqFt
$1,462
/SqFt
2008
Built
County:
Los Angeles
Listed by Jay Horrell of Horrell Realtors 310-729-6441

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310-902-7214
1870 S Elena Avenue1870 S Elena Avenue1870 S Elena Avenue1870 S Elena Avenue
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A rare opportunity for an investor or owner user to purchase a generational trophy property in the heart of Riviera Village. This property is ideally suited for an owner-user seeking premium commercial space or an investor looking for lucrative returns. The flexibility of the current tenancy allows for easy adaptation to an Owner-User’s specific needs. Or as an investor to capitalize on the Riviera Village’s high rental rate, ensuring a rewarding long-term investment. This property is a NNN offering with $364,000 current NOI. In 2025 the annual rental income increases to $386,615 providing a 5% cap rate. This Jewel Box was constructed in 2008, the newest built retail space offered for sale in Riviera Village in decades. Consisting of 5,265 square feet of prime versatile retail space. A restaurant occupies 2,041 sq. ft. A retail store front occupies the remaining space which could be divided to create two separate retail store fronts. Positioned on a high visibility corner, four (4) parcels totaling 14,430 square feet with a combined 125 feet of frontage on Catalina Avenue and Elena Ave. The property enjoys heightened visibility and foot traffic, ensuring constant exposure to a vibrant customer base. Convenience and accessibility are at the forefront with twenty one (21) parking spaces, making it easy for customers to visit this high-profile walking street location. Riviera Village in Redondo Beach, California is a charming and vibrant destination that perfectly encapsulates the city’s laid-back coastal lifestyle and unique blend of urban sophistication. The “Village” is not just about shopping; it’s also a culinary destination. A diverse range of restaurants and cafes, with inviting outdoor seating, cater to a variety of tastes. Whether you’re in the mood for artisanal coffee, international cuisine, or farm-to-table dining, you’ll find many options. PLEASE DO NOT DISTURB THE TENANTS.

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Listing Snapshot
Price 
$7,700,000
Days Online 
41 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,265 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3313 Acres
Year Built 
2008
MLS® Number 
SB24036864
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
4 hours agoListing updated with changes from the MLS®
a month agoListing first seen online
General Features
Construction 
FrameStucco
Electric 
Electricity On Property
Number of Stories 
1
Acreage 
0.3313
Water 
Public
Property Sub Type 
Retail
Utilities 
Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
Zoning 
C-2
Listing Conditions 
Standard
Interior Features
Cooling 
Central Air
Heating 
Forced Air
Laundry Features 
None
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Exterior Features
Roof 
CompositionFlat
Fencing 
None
Lot 
Corner LotIrregular LotLandscapedLevelStreet Level
Community Features
MLS Area 
157 - S Redondo Bch W of PCH


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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