705 S Pacific Coast Hwy - Storefront Retail/Residential FOR SALE


Redondo Beach, CA 90277
$2,199,000 USD
310-593-9861
705 S Pacific Coast Hwy, Redondo Beach, CA for Sale
$2,199,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | 5.03% Cap Rate

705 S Pacific Coast Hwy
Redondo Beach, CA 90277


HIGHLIGHTS

  • Mixed-Use Investment Opportunity – 1 Retail Store + 4 Apartment Units | No L.A. City Rent Control
  • Located Just 5 Blocks from the Pacific Ocean | Front Retail Unit & (Four) 2-Bed/1-Bath Apartment Units in the Back
  • Each Apartment Unit Contains Laundry Hook-Ups & 1-Car Garage with Electric Door Openers | All Roofs Replaced Last Year
  • New EV Car Chargers in All Garages | All Units with Windows & Two Units with Private Patios | 4,549-SF of Rentable SF on Large 7,369-SF Lot
  • 5.03% Current Cap Rate & 13.95 Current GRM | 6.36% Pro-Forma Cap Rate & 11.61 Pro-Forma GRM
  • Retail Located on Major Thoroughfare of South Redondo with Great Frontage on PCH

OVERVIEW

Don’t miss out on this incredible mixed-use investment opportunity in the heart of South Redondo Beach! This property features a front retail unit with excellent visibility on the major thoroughfare of Pacific Coast Highway, plus four spacious 2-bedroom, 1-bath apartment units in the back. Each apartment comes with its own laundry hook-ups and a 1-car garage with an electric door opener. Enjoy the added convenience of new EV car chargers in all garages and recently replaced roofs for peace of mind. The 2-bedroom house with a private patio is the perfect bonus for extra income or owner-occupancy. Located just 5 blocks from the Pacific Ocean and less than a mile from the vibrant Riviera Village and Redondo Beach Pier, this property offers both a prime location and huge potential. With NO LA City rent control, this is the perfect opportunity to maximize your investment in one of California's most desirable coastal communities!

FOR SALE DETAILS

PRICE

$2,199,000 USD

PRICE/SF

$549 USD /SF

CAP RATE

5.03%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,369 SF

ZONING

RBC-2

APN/PARCEL ID

7508-016-019

ASK ABOUT THIS PROPERTY

Gianluca JacoliShield Commercial Real EstateMore Info
310-593-9861

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Gianluca JacoliShield Commercial Real EstateMore Info
310-593-9861

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