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Listed by Chris Barker • Yorkshire Realty
$ 2,975,000
Est. payment | /mo
$ 2,975,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW-25124538
Year Built 1935
Property Sub-Type Mixed Use
Property Description
This is a rare opportunity to acquire a flexible, mixed-used portfolio consisting of three contiguous parcels totaling 9,127 sq ft on a prime corner in South Redondo Beach. Located just blocks from the Redondo Beach pier and esplanade, the site is walkable to premier retail, dining, and entertainment options. 824-830 Torrance Blvd is a two-story mixed-use building with two commercial units on the first level and two residential units on the second level. 832 Torrance Blvd is a standalone oversized commercial structure currently used a media studio. 301 S Lucia Ave is a detached single-family residence with a private parking area and outdoor space. Three of the units are leased to long-term tenants on flexible, market-rate leases. The other three units can be delivered vacant. This property is ideal for investors seeking a 5% CAP rate from day one, owner-users desiring a live/work setup, or developers considering future repositioning under C2 zoning. Please see the attached Offering Memorandum for further details.
Location
State CA
County Los Angeles
Area 156 - S Redondo Bch S Of Torrance Blvd
Zoning C2
Interior
Laundry Inside
Exterior
Utilities Available Sewer Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Level, Lot 6500-9999, Near Public Transit, Corner Lot