Active

901 N Pacific Coast

Redondo Beach CA, 90277

$12,000,000


$494.72 per sqft

Active

24,256 sqft

Commercial

Built in 1987

Listed by Michael Talbot with RE/MAX Estate Properties 310-378-9494

The current list price is $12,000,000 while the parking structure renovation is underway during the Spring of 2024 with an anticipated completion date in the summer. Once the project is complete, all the units are leased and new lease terms have been secured with current tenants then the price will be increased to $13,500,000 or more. (This is a value add opportunity, ideal for an owner user or investor). The seller may consider an adjusted price point for an as is offer while improvements are being completed. Owner financing maybe considered for a qualified buyer with terms to be determined for a possible long term commitment.

A High traffic signalized corner located at the gateway to the beach communities of Redondo and Hermosa Beach. Easy to show lock box on second floor - call listing agent for an accompanied tour or go at your leisure from 9 to 4:30 (elevator and stair well are locked after hours).

SB23229065

MLS ID

December 21, 2023

Listed

February 16, 2024

Updated

Map

901 N Pacific Coast
Redondo Beach CA, 90277

Interior Features

Total Stories

2


Laundry Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

1.15 Acres


Lot Features

Corner Lot, Irregular Lot, Lot Over 40000 Sqft, Landscaped, Near Park, Sprinklers Timer, Sprinkler System, Sloped Down


Roof

Composition, Copper

Other Property Details

Area Name

157 - S Redondo Bch W of PCH


Days on Market

6


Garage

No


View

No


County

Los Angeles


Water Source

Public


Pool

No


Waterfront

Yes


Zoning

RBC3


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

12/27/2023

Price Change

$12,000,000

-12%

Listing Contact: 310-378-9494 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. 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, 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 6:22 AM UTC

 

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