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1729 S Catalina AVE Redondo Beach, CA 90277
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Key Details
Sold Price $6,300,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 6,846 sqft
Price per Sqft $920
MLS Listing ID SB23185516
Sold Date 01/26/24
HOA Y/N No
Year Built 1955
Lot Size 0.251 Acres
Acres 0.2506
Property Sub-Type Retail
Property Description
A rare opportunity for an investor or owner user to purchase a generational trophy property in the heart of Riviera Village. First time offered for sale by the family of the original owner. The building is 6,854 square feet and feature 4 individual east facing store fronts including two restaurant spaces. Situated on two parcels totaling 10,916 square feet. Located on a high visibility corner with 104 feet of frontage on Catalina Avenue and located just a short distance from the Pacific Ocean. This property allows an investor to obtain yield growth through rental rate adjustments and property enhancements. All units are separately metered for gas and electricity.
• Prime A++ Riviera Village Location with Significant Appreciation Aspects
• Substantial Rental Income Upside Potential
• High Visibility Corner Location
• Two Parcels totaling 10,916 sq. ft. with 104 feet of street frontage.
• Four Store Fronts totaling 6,854 sq. ft. (2 x 1,320/1 x 1,584/1 x 2,640)
Location
State CA
County Los Angeles
Area 157 - S Redondo Bch W Of Pch
Zoning C-2-PD
Interior
Heating Central
Cooling Central Air
Laundry None
Exterior
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Composition
Building
Lot Description Corner Lot, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level, Park Nearby
Story 1
Water Public
Others
Acceptable Financing None
Listing Terms None
Financing None
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.0
TERMS Cash,Cash To New Loan
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE See Remarks
SHOW CONTACT NAME Subject To Inspection
SHOW INSTRUCTIONS DO NOT DISTURB TENANTS. All offers are subject to inspection.
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Bought with Horrell Realtors