Redondo Beach, CA 90277,1617 S Pacific Ccoast Hwy
Listed by Jim Menton • The Realestate Group
Bought with General NONMEMBER • NONMEMBER MRML
$10,915,000
Est. payment /mo
Est.Price: ?

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16,975 SqFt
SOLD DATE : 08/16/2022

Key Details

Sold Price $10,915,000

Property Type Commercial Sale

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 16,975 sqft

Price per Sqft $643

MLS Listing ID CRSB21196999

Year Built 1961

Lot Size 0.390 Acres

Property Sub-Type Retail

Property Description

This prime, exceptionally visible mixed use retail/office building in Riviera Village, South Redondo Beach's most prestigious retail/office/restaurant/walking area, this 2-story generational icon stands just 2 blocks from the Esplanade oceanfront. It is located at the corner of Pacific Coast Highway and Avenue I, the main gateway to the Village. Anchored by ground-level popular Good Stuff (a regional top-grossing eatery), Coffee Bean store, and Crazy Fish, each with long-term leases ensures stability. The fully-leased always highly desirable space houses 12 additional retail or office tenants, many of whom are long-term successful businesses. The internal space is largely updated and modernized, including an upper-level art deco theme. The building includes plentiful ground-level parking (108 spaces shared with a neighboring building). This property represents a rare investment opportunity in today's severely restricted prime commercial marketplace. It is a Beach Cities jewel. Contact LA for additional details.

Location

State CA

County Los Angeles

Interior

Heating Forced Air, Natural Gas

Cooling Other

Building

Water Public

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Eric & Janelle Boyenga

+1(408) 373-1660

Agent | DRE01254724 / 01254725

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