1907-1909 S. Catalina Avenue - Retail FOR SALE


Redondo Beach, CA 90277
$3,250,000 USD
310-373-7777
1907-1909 S. Catalina Avenue, Redondo Beach, CA for Sale
$3,250,000 USD
Retail - FOR SALE
1/15
null | 5% Cap Rate

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


HIGHLIGHTS

  • 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

OVERVIEW

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 store fronts. Situated on two lots totaling 5,894 square foot 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

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$903 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,894 SF

ZONING

RB-C-2-PD

APN/PARCEL ID

7511-016-028

ASK ABOUT THIS PROPERTY

Jay HorrellHorrell RealtorsMore Info
310-373-7777

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Jay HorrellHorrell RealtorsMore Info
310-373-7777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.