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Key Details
Sold Price $10,915,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 16,975 sqft
Price per Sqft $643
MLS Listing ID SB21196999
Sold Date 08/16/22
HOA Y/N No
Year Built 1961
Annual Tax Amount $151,575
Lot Size 0.390 Acres
Acres 0.3897
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.
Location
State CA
County Los Angeles
Area 157 - S Redondo Bch W Of Pch
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating ForcedAir, NaturalGas
Cooling HighEfficiency
Fireplace No
Laundry None
Exterior
Fence None
Roof Type Composition
Building
Lot Description CornerLot
Story 2
Water Public
Others
Tax ID 7511007044
Financing Cash
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML
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