901 N Pacific Coast, Redondo Beach, CA 90277 (MLS # SB23229065)

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PRICE $12,000,000 dsIDX morgage calculator
SIZE 24,256 sqft
LOT SIZE 1.15 ac

The current list price is $12,000,000 while the parking structure renovation is underway during the Spring of 2024 with an anticipated completion date in the summer. Once the project is complete, all the units are leased and new lease terms have been secured with current tenants then the price will be increased to $13,500,000 or more. (This is a value add opportunity, ideal for an owner user or investor). The seller may consider an adjusted price point for an as is offer while improvements are being completed. Owner financing maybe considered for a qualified buyer with terms to be determined for a possible long term commitment.A High traffic signalized corner located at the gateway to the beach communities of Redondo and Hermosa Beach. Easy to show lock box on second floor - call listing agent for an accompanied tour or go at your leisure from 9 to 4:30 (elevator and stair well are locked after hours).

DAYS ON MARKET 149 LAST UPDATED 12/27/2023
YEAR BUILT 1987 COMMUNITY S Redondo Bch W of PCH
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Dec 27, '23 $13,500,000
Dec 27, '23 - Today $12,000,000


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA S Redondo Bch W of PCH
BUYER'S BROKERAGE COMPENSATION 2.000 %
CONSTRUCTION Frame, Stucco
LOT 1.15 acre(s)
LOT DESCRIPTION Corner Lot, Irregular Lot, Landscaped, Lot Over 40000 Sqft, Near Park, Sloped Down, Sprinkler System, Sprinklers Timer
LOT DIMENSIONS 130x704
STORIES 2
UTILITIES Cable Available,Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Phone Available,Phone Connected,Sewer Connected,Water Connected
WATER Public
WATERFRONT Yes
WATERFRONT DESCRIPTION Ocean Side Of Highway
ZONING RBC3
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with RE/MAX Estate Properties

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