2300 Artesia Blvd - Storefront Retail/Residential FOR SALE


Redondo Beach, CA 90278
$2,250,000 USD
323-816-6066
2300 Artesia Blvd, Redondo Beach, CA for Sale
$2,250,000 USD
Storefront Retail/Residential - FOR SALE
1/26
null | 6.47% Cap Rate

2300 Artesia Blvd
Redondo Beach, CA 90278


HIGHLIGHTS

  • Remodeled
  • Corner Lot
  • Mixed Use (Commercial Retail and Residential Bungalows)
  • New Roof
  • Part of Redondo Beach Artesia & Aviation Corridors Area Plan
  • New HVAC and Forced Air Heating

OVERVIEW

MIXED USED PROPERTY on Prime Corner Lot in North Redondo Beach | CAP Rate of 6.46% | Just 2.2 miles to Hermosa Beach (going West) | (Three) Commercial Retail Storefronts units on high traffic and high visibility Artesia Blvd with 2500 sf, AND (Two) Residential Bungalows on Slauson Lane with 960 sf and each 1BR/1BA. *** Great for an investor looking for a 2nd final leg to their 1031 exchange, or an owner-occupier that can move right in. Two of the storefronts were completely remodeled in 2020 with new HVAC, drywall, modern frontage (glass and door), recessed lighting, electrical wiring/outlets/switches, new flooring, ADA compliant bathrooms and new roof. 3rd corner storefront has been remodeled by current tenant *** Residential Bungalows (connected 1-car garages each) have 1BR/1BA each, front and back yards and located on Slauson Lane. 1908 Slauson Lane is on a month-to-month at this time. *** Redondo Beach has an "Artesia and Aviation Corridors Area Plan" (dated Jan. 2020) with major plans to renovate the corridor.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$650 USD /SF

CAP RATE

6.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

#A,#B,#C

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

CG-R4

APN/PARCEL ID

4157-003-029

ASK ABOUT THIS PROPERTY

John CalvoLighthouse Realty AssociatesMore Info
323-816-6066

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

John CalvoLighthouse Realty AssociatesMore Info
323-816-6066

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