Redondo Beach, CA 90277,1617 S Pacific Ccoast Hwy
$10,915,000
$12,500,000
12.7%
Est.Price: ?

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0.39 Acres Lot

1617 S Pacific Ccoast Hwy Redondo Beach, CA 90277

Est. payment /mo
SOLD DATE : 08/16/2022

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Key Details

Sold Price $10,915,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

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

Property Sub-Type Retail

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

Interior

Heating Forced Air, Natural Gas

Cooling High Efficiency

Fireplace No

Laundry None

Exterior

Fence None

Roof Type Composition

Building

Lot Description Corner Lot

Story 2

Water Public

Others

Tax ID 7511007044

Financing Cash

Special Listing Condition Standard

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CRMLS – RECore
Listed by Jim Menton The Realestate Group
Bought with General NONMEMBER NONMEMBER MRML

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agent

Michael Medina

Agent | License ID: 02225607

+1(818) 916-7482

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