Waterfront
Address
1617 S Pacific Ccoast Hwy Redondo Beach, CA
Price
$ 12,500,000
Property Attributes
  • MLS#SB21196999
  • TypeCommercial
  • CountyLOS ANGELES
  • CityRedondo Beach
  • AreaS Redondo Bch W of PCH
  • Zip90277
  • StyleRetail
  • Year Built1961
  • Taxes$ 151575
  • Price$ 12,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage16975
  • Lot Size0.39 Acres
Listing Provided Courtesy Of:
Jim Menton with The Realestate Group - 310-429-3235
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

This prime, exceptionally visible mixed use retail/office building in Riviera Village, South Redondo Beach's most prestigious retail/office/restaurant/walking area, this 2-story generational icon stands just 2 blocks from the Esplanade oceanfront. It is located at the corner of Pacific Coast Highway and Avenue I, the main gateway to the Village. Anchored by ground-level popular Good Stuff (a regional top-grossing eatery), Coffee Bean store, and Crazy Fish, each with long-term leases ensures stability. The fully-leased always highly desirable space houses 12 additional retail or office tenants, many of whom are long-term successful businesses. The internal space is largely updated and modernized, including an upper-level art deco theme. The building includes plentiful ground-level parking (108 spaces shared with a neighboring building). This property represents a rare investment opportunity in today's severely restricted prime commercial marketplace. It is a Beach Cities jewel. Contact LA for additional details.

Price History
9/7/2021 Listed $12,900,000
10/27/2021 4% - $12,500,000

General Features

Business Type Professional/Office, Restaurant, Retail
Construction Materials Concrete, Steel
Cooling High Efficiency
Heating Forced Air, Natural Gas
Listing Agent Jim Menton - BRE#00582209
Listing Agent State License 00582209
Lot Size Square Feet 16975
MLS Area 157 - S Redondo Bch W of PCH
Property Sub Type Additional Retail
Property SubType Retail
Property Type Commercial Sale
Roof Composition
Special Listing Conditions Standard
Status Active

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Laundry Features None

Exterior Features

Fencing None
Lot Features Corner Lot
Lot Size Acres 0.39
Lot Size Area 16975
Lot Size Units Square Feet
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 90277

Price
AVG $1.69M
$12.5M
Taxes
AVG $151,575
$151,575
Visits
AVG 148
41
Year Built
AVG 1978
1961
Walkscore
AVG 90
96
Data Provided by Walkscore ® not using MLS data

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