220 S Pacific Coast Hwy - Office/Residential FOR SALE


Redondo Beach, CA 90277
$5,400,000 USD
310-874-1010
220 S Pacific Coast Hwy, Redondo Beach, CA for Sale
$5,400,000 USD
Office/Residential - FOR SALE
1/41
null | Request Cap Rate

220 S Pacific Coast Hwy
Redondo Beach, CA 90277


HIGHLIGHTS

  • Situated just north of the major intersection of Pacific Coast Highway and Torrance Boulevard, with a traffic volume of approximately ±60,000 vehicles
  • Approximately two blocks away from the beach, Redondo Pier, and King Harbor.
  • Rare Secured Garage Parking with Ample Stalls Count (±26 Stalls)
  • New HVAC & Roof Installed in 2019 + Other Recent Cap Ex & Unit Remodels

OVERVIEW

Introducing a prime commercial building with exceptional potential, located just north of the bustling intersection of Pacific Coast Highway and Torrance Boulevard, where traffic flows at an impressive ±60,000 vehicles per day. This versatile property consists of 11 units, offering an array of office, mixed-use, and residential possibilities. Financing: There is owner financing offered on this building if you have a client that is interested in leveraging into a commercial investment at good terms this could be the perfect property. In addition, there is flexible space and the property qualifies for SBA. For more information about owner financing terms contact the listing agent, Dean Thomas 310-874-1010. Residential mixed use space, available. Nestled in an enviable location, this property is only ±2 blocks from the picturesque beach, Redondo Pier, and the vibrant King Harbor. Providing a unique selling point for discerning tenants and investors alike. One of the standout features of this property is the rare secured garage parking facility, offering a generous ±26 stalls. In an area where parking is often at a premium, this ample parking space provides a significant advantage, making the property even more attractive to potential occupants. In addition to its unbeatable location and parking convenience, this property offers immediate access to a variety of desirable retail amenities, ensuring that tenants and residents have everything they need within arm's reach. Investors will be pleased to know that the property received significant upgrades in 2019, including new HVAC and a roof installation. Alongside these updates, recent capital expenditures and unit remodels have enhanced the overall appeal and functionality of the building, making it an excellent investment opportunity. This commercial building truly represents an exceptional chance to own a property with immense potential in a prime coastal location. Whether you're seeking an income-generating asset, a mixed-use development project, or a strategic investment, this property offers it all, combining convenience, views, and potential for future growth. Don't miss this opportunity to make your mark in the thriving Redondo Beach area.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$529 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Loft/Creative Space, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RBMU-3

APN/PARCEL ID

7505-020-043

ASK ABOUT THIS PROPERTY

Dean ThomaseReal Estate CorpMore Info
310-874-1010

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Dean ThomaseReal Estate CorpMore Info
310-874-1010

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