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1729 -1735 S Catalina Avenue, Redondo Beach, CA 90277

Commercial property

1729 -1735 S Catalina Avenue, Redondo Beach, CA 90277 Sold January 2024 CRMLS
$6,300,000Sold January 2024

Listing Agent: Jay Horrell (DRE #00854307) · Listing Office: Horrell Realtors · Contact: 310-729-6441 · Bought with: Jessica Horrell · Horrell Realtors · MLS #SB23185516 · Source: CRMLS

6,846
Building Sq Ft
4
Units
4.00%
Cap Rate
$228,677
NOI
10,916 sqft
Lot Size
1955
Year Built
C-2-PD
Zoning
Commercial property
Type

About this commercial property

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)

Listing description from the January 2024 sale, as reported to CRMLS.

Sale history

$6,300,000
Sold January 2024 · listed $6,250,000, on market October 2023 · MLS #SB23185516 · Source: CRMLS
Listing Agent: Jay Horrell · Listing Office: Horrell Realtors · Contact: 310-729-6441 · Bought with: Jessica Horrell · Horrell Realtors
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