717 Pacific Coast , Redondo Beach, CA - 90277 is For Sale

  • SB24134309
  • SB24134309
  • SB24134309
  • SB24134309
  • SB24134309
  • SB24134309
  • SB24134309
  • SB24134309
  • SB24134309
  • SB24134309
  • SB24134309
  • SB24134309
$7,500,000· Income property

Description

11 units. Trophy property in an amazing South Redondo Beach location 4 short blocks from the sand and close proximity to high end residential and commercial areas. First time available in 20 years. 2 office/retail spaces on PCH with great frontage and signage. All 9 residential units of PCH behind office commercial spaces. Office space currently used as an insurance office and pilates studio and approximately 600-800 sq ft each. Residential units are large and recently upgraded including new a/c and heaters in the residential and commercial units. 5 enclosed garages with newer garage doors and an additional 14 on-site parking spaces and a laundry room. Turnkey and rents recently increased.

Features

MLS#: SB24134309
List Price : $7,500,000
Total Units : 11
CAP rate : $3.00
Net Operating Income : $232,436
Sq M : 1,379 M2
Year Built : 1962
Days on market : 68 Days
Gross taxes : N/A
Address : 717 Pacific Coast
City : Redondo Beach
State : CA
Zip Code : 90277
Neighborhood : N/A
Stories : 2
Laundry : Common Area
Sale Type : Standard
Spa : None
 
Property Type : Residential Income
Original List Price : $7,500,000
Acres : 0.3407
Lot Size (Acres) : 0.3407
Water : Public
Sewer : Public Sewer
Pool Desc : None
Driving Directions : PCH, west side just north of Knob Hill
Lot Features : 0-1 Unit/Acre
 
Courtesy of : Gerard Bisignano , Vista Sotheby’s International Realty

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