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2604 Artesia Boulevard, Redondo Beach, CA 90278

Commercial property

2604 Artesia Boulevard, Redondo Beach, CA 90278 Sold August 2023 CRMLS
$1,300,000Sold August 2023

Listing Agent: Stephen Lampe (DRE #01164364) · Listing Office: Re/Max Commercial & Investment · Contact: 310 802-2500 · Bought with: Stephen Lampe · Re/Max Commercial & Investment · MLS #SB23120938 · Source: CRMLS

2,544
Building Sq Ft
6
Units
2.22%
Cap Rate
$29,413
NOI
6,530 sqft
Lot Size
1978
Year Built
C2
Zoning
Commercial property
Type

About this commercial property

The subject property is a an office building located on a major thoroughfare (Artesia Boulevard) in Redondo Beach, California. The building is 2,544 square feet and is comprised of 6 individual office suites, with 4 suites being on the main floor and 2 suites on the upper floor. There are 3 garages for onsite parking underneath the building and there are additional surface parking spaces. The tenants are all long term and also all on a month to month tenancy at below market rents. The property would work well for any owner/user or an investor seeking to increase the return. The owner occupies 3 of the suites on the main floor and is interested in a short term lease back of 1 of these spaces and a garage. The suites are separately metered for electric and the operating costs are very low due to the efficient design of the building. CALL LISTING BROKER FOR TOURING THE PROERTY, PLEASE DO NOT DISTURB THE TENANTS.

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

Sale history

$1,300,000
Sold August 2023 · listed $1,325,000, on market July 2023 · MLS #SB23120938 · Source: CRMLS
Listing Agent: Stephen Lampe · Listing Office: Re/Max Commercial & Investment · Contact: 310 802-2500 · Bought with: Stephen Lampe · Re/Max Commercial & Investment
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