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Property Description

Rare opportunity to own a trophy asset at the Gateway to the beach cities located on the signalized corner of Pacific Coast Hwy. and Herondo (Anita – 190th) with a traffic count of 90k daily with 130 feet of frontage along PCH and 704 feet along Herondo. The three freshly painted 2 story contemporary professional commercial buildings of approx. 24,256 sq. ft. are divided into 8 suites spread out on a 50,188 sq. ft. lot. A strong seasoned tenant base is supporting a 3.6% cap rate as is with one unit available providing a value add opportunity or to satisfy an owner user to occupy the 4,200 sq. ft. ocean view office. Within the first year, there’s an opportunity to lease the one available space, update cam charges as leases come up for renewal and adjust rents at market rates to a 5% cap rate. Please see the attached supplements with the marketing brochure with a virtual tour and rent roll, APOD, traffic count and demographics.

: Central
Additional Information
RE/MAX Estate Properties
: Standard

Commercial Sale For Sale

901 Pacific Coast, Redondo Beach, California 90277

24,256 Sqft
Listing ID #SB23011325
Basic Details
Status : Active
DaysOnMarket : 139
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : SB23011325
Price : $12,000,000
Living Area : 24,256 Sqft
Year Built : 1987
Country : US
State : California
County : Los Angeles
City : Redondo Beach
Zipcode : 90277
Price Per Square Foot : $495
ModificationTimestamp : 2023-06-14 10:21:26
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