1870 S Elena Avenue, Redondo Beach, CA 90277 (MLS # SB24036864)
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A rare opportunity for an investor or owner user to purchase a generational trophy property in the heart of Riviera Village. This property is ideally suited for an owner-user seeking premium commercial space or an investor looking for lucrative returns. The flexibility of the current tenancy allows for easy adaptation to an Owner-User’s specific needs. Or as an investor to capitalize on the Riviera Village’s high rental rate, ensuring a rewarding long-term investment. This property is a NNN offering with $364,000 current NOI. In 2025 the annual rental income increases to $386,615 providing a 5% cap rate.This Jewel Box was constructed in 2008, the newest built retail space offered for sale in Riviera Village in decades. Consisting of 5,265 square feet of prime versatile retail space. A restaurant occupies 2,041 sq. ft. A retail store front occupies the remaining space which could be divided to create two separate retail store fronts. Positioned on a high visibility corner, four (4) parcels totaling 14,430 square feet with a combined 125 feet of frontage on Catalina Avenue and Elena Ave. The property enjoys heightened visibility and foot traffic, ensuring constant exposure to a vibrant customer base. Convenience and accessibility are at the forefront with twenty one (21) parking spaces, making it easy for customers to visit this high-profile walking street location. Riviera Village in Redondo Beach, California is a charming and vibrant destination that perfectly encapsulates the city’s laid-back coastal lifestyle and unique blend of urban sophistication.The “Village” is not just about shopping; it’s also a culinary destination. A diverse range of restaurants and cafes, with inviting outdoor seating, cater to a variety of tastes. Whether you’re in the mood for artisanal coffee, international cuisine, or farm-to-table dining, you’ll find many options.PLEASE DO NOT DISTURB THE TENANTS.
| DAYS ON MARKET | 67 | LAST UPDATED | 4/16/2024 |
|---|---|---|---|
| YEAR BUILT | 2008 | COMMUNITY | S Redondo Bch W of PCH |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | S Redondo Bch W of PCH |
| BUYER'S BROKERAGE COMPENSATION | 2.000 % |
| CONSTRUCTION | Frame, Stucco |
| HEAT | Forced Air |
| LOT | 0.33 acre(s) |
| LOT DESCRIPTION | Corner Lot, Irregular Lot, Landscaped, Level, Street Level |
| LOT DIMENSIONS | 116 x 99 x 165 x 102 |
| STORIES | 1 |
| UTILITIES | Cable Available,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected, Electric: Electricity - On Property |
| WATER | Public |
| ZONING | C-2 |
TOTAL MONTHLY PAYMENT
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