Listed by Jim Menton, The Realestate Group,

1617 S Pacific Ccoast Hwy

Redondo Beach, CA, 90277

$12,500,000

$736 per ft²
$12,500,000
$736 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
16,975 ft²
property_type
Commercial
calendar
Built 1961
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.
MLS® ID:
SB21196999
Listed:
9/6/21
Updated:
8/18/22
Compass
Accardo Real Estate Company

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None
Cooling
High Efficiency
Heating
Forced Air, Natural Gas

Exterior/Building Features

Lot Size
0.39 acres lot
Lot Details
Corner Lot
Roof
Composition

Other Property Details

Area Name
157 - S Redondo Bch W of PCH
Taxes
$151575
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Los Angeles
Water Source
Public
Pool
No
Total Stories
2

Property History

Date
Event
Price
Value
5/5/22
Active Under Contract
-
-
10/26/21
Price Change
$12,500,000
-3%

 

Listed by Jim Menton, The Realestate Group,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/18/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 1:49 PM UTC, 8/18/22

Compass
Accardo Real Estate Company
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