Redondo Beach, CA 90277,229 Avenue I
$7,000,000
$7,600,000
7.9%
Est.Price: ?

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10,480 SqFt

229 Avenue I Redondo Beach, CA 90277

Est. payment /mo
SOLD DATE : 03/01/2023

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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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CRMLS Plus
Listed by The Realestate Group
Bought with NONMEMBER MRML
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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