229 Avenue I, Redondo Beach, CA 90277

About this commercial property

Located in the gateway to Riviera Village, Redondo Beach's most prestigious retail/office area, this 3 story jewel is a generational treasure. It stands just 2 short blocks to Redondo's Esplanade oceanfront. The building includes plentiful ground level and restricted underground parking. Solid long term leases ensure stable income. The entire internal and external space have recently been fashionably updated/remodeled (1st floor still in progress for new tenant), including the elevator. Some spaces feature ocean views and decks. Rooftop cellular sites contribute substantially to income with no owner maintenance at all. This property has never been on the open market since construction and represents a unique opportunity to secure an iconic position in one of the Beach Cities top commercial zone.

Listing description from the March 2023 sale, as reported to CRMLS.

Sale history

$7,000,000

Sold March 2023 · listed $7,600,000, orig. $9,250,000, on market January 2021 · MLS #SB21003869 · Source: CRMLS

Listing Agent: Jim Menton · Listing Office: The Realestate Group · Contact: 310-540-0072 · Bought with: Shannon Yoon · NONMEMBER MRML

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