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1907 -1909 S Catalina Avenue, Redondo Beach, CA 90277

Commercial property

1907 -1909 S Catalina Avenue, Redondo Beach, CA 90277 Sold February 2025 CRMLS
$2,915,000Sold February 2025

Listing Agent: Jay Horrell (DRE #00854307) · Listing Office: Horrell Realtors · Contact: 310-729-6441 · Bought with: General NONMEMBER · NONMEMBER MRML · MLS #SB24218014 · Source: CRMLS

3,600
Building Sq Ft
3
Units
3.00%
Cap Rate
$97,029
NOI
5,894 sqft
Lot Size
1954
Year Built
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 3,600 square feet and feature 3 individual east facing retail store fronts (3 x 1,200). Situated on two parcels totaling 5,894 square feet with 60 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. A new roof was installed in 2023. • Prime A+ Riviera Village Location with Significant Appreciation Aspects • Substantial Rental Income Upside Potential • Two lots totaling 5,894 sq. ft. with 60 feet of street frontage. • Three Store Fronts totaling 3,600 sq. ft. (Each 1,200 Sq. Ft) • Once in a Lifetime Generational Trophy Investment DO NOT DISTURB TENANTS.

Listing description from the February 2025 sale, as reported to CRMLS.

Sale history

$2,915,000
Sold February 2025 · listed $3,250,000, on market October 2024 · MLS #SB24218014 · Source: CRMLS
Listing Agent: Jay Horrell · Listing Office: Horrell Realtors · Contact: 310-729-6441 · Bought with: General NONMEMBER · NONMEMBER MRML
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