Listed by Jim Menton, The Realestate Group,

229 Avenue I

Redondo Beach, CA, 90277

$7,750,000

$739 per ft²
$7,750,000
$739 per ft²
Active
Active
 - For Sale
carpenters-square
10,480 ft²
property_type
Commercial
calendar
Built 1987
Located in the gateway to Riviera Village, Redondo Beach's most prestigious retail/office area, this 3 story jewel is a generational treasure. It stands just 2 short blocks to Redondo's Esplanade oceanfront. The building includes plentiful ground level and restricted underground parking. Solid long term leases ensure stable income. The entire internal and external space have recently been fashionably updated/remodeled (1st floor still in progress for new tenant), including the elevator. Some spaces feature ocean views and decks. Rooftop cellular sites contribute substantially to income with no owner maintenance at all. This property has never been on the open market since construction and represents a unique opportunity to secure an iconic position in one of the Beach Cities top commercial zone.
MLS® ID:
SB21003869
Listed:
1/6/21
Updated:
8/11/22
Vista | Sotheby's International Realty
Gerard Bisignano

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None
Cooling
Central Air, Zoned
Heating
Electric, Forced Air

Exterior/Building Features

Lot Size
0.4 acres lot
Lot Details
Sprinklers In Front, Level, Near Public Transit, Sprinkler System
Roof
Composition

Other Property Details

Area Name
128 - Hollywood Riviera
Garage
No
Parking
N
View
N
County
Los Angeles
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
Water Source
Public
Pool
No
Total Stories
3

Property History

Date
Event
Price
Value
6/7/22
Price Change
$7,750,000
-1%
10/26/21
Price Change
$7,900,000
-7%

 

Listed by Jim Menton, The Realestate Group,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/11/22. 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, 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.

©2022 California Regional Multiple Listing Service. All rights reserved.

Data last updated 4:49 PM UTC, 8/11/22

Vista | Sotheby's International Realty
Gerard Bisignano
Contact