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229 Avenue I Redondo Beach, CA 90277
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Key Details
Sold Price $7,000,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 10,480 sqft
Price per Sqft $667
MLS Listing ID SB21003869
Sold Date 03/01/23
HOA Y/N No
Year Built 1987
Lot Size 0.398 Acres
Acres 0.3982
Property Sub-Type Mixed Use
Property Description
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.
Location
State CA
County Los Angeles
Area 128 - Hollywood Riviera
Interior
Heating Forced Air, Electric
Cooling Central Air, Zoned
Laundry None
Exterior
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
Roof Type Composition
Building
Lot Description Lot 10000-19999 Sqft, Level, Near Public Transit, Sprinkler System, Sprinklers In Front
Story 3
Water Public
Others
Security Features Automatic Gate,Fire Sprinkler System
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 100000.0
TERMS 1031 Exchange,Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME LA
SHOW CONTACT PH 310-429-3235
SHOW INSTRUCTIONS Limited. Call LA
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Bought with NONMEMBER MRML