Redondo Beach CA Real Estate & Commercial for Sale
3 Properties Found
The median home value in Redondo Beach, CA is $1,500,000.
the county median home value of $740,000.
The national median home value is $277,796.
The average price of homes sold in Redondo Beach, CA is $1,500,000.
Approximately 48% of Redondo Beach homes are owned,
compared to 46% rented, while
5% are vacant.
Redondo Beach real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Redondo Beach real estate agent to arrange a tour today! Learn more about Redondo Beach.
220 S PCH is a large 8,494 sf office building built in 1985 in a great location with a great address. The building consists of 3 levels total on an 11,283 sf lot. The ground level is a spacious and gated parking garage with 29 spaces in 8,474 sf. The second and third levels consist of 11 separately metered office units ranging in size mostly 500-1,000 sf with a couple larger and smaller units. The top floor would be great for an owner user but could also be rented out and also has views of PV. Many of the tenants have been in the building for several years and rents are below market. There is a cellular tower lease that is expiring at the end of the year and they want to renew and that rent will should significantly increase. The roof and HVAC systems were redone in 2018. Current Annual GSI is $156,311.88. At current rented rate and fully occupied the Annual GSI is 256k and at market rent the GSI would be 317k+ Annually. Currently there are 3 vacant units totaling in 2,781.21 sf. It's ready for an owner/user or it can be fixed up to rent.Offering Memorandum Link: https://docsend.com/view/i2etwx9u5jcdu462
The GreenStreet Center Redondo Beach, conveniently located minutes away from Redondo Beach Boardwalk, is contemporary and trendy shopping enter that offers retail, services and food spaces. The center is situated at a signalized intersection with high traffic, visibility, and accessibility. There is a high end auto car spa attached that draws a high volume of regular traffic daily. The GreenStreet Center is recognizable by its striking green walls which emphasized the modern and eco-friendly design with a focus on community integration. The location has a high walkability rating that brings consistent foot traffic in a neighborhood with an affluent demographic with high disposable.
Located in the gateway to Riviera Village, Redondo Beach's most prestigious retail/office area, this 3 story jewel is a generational treasure. It stands just 2 short blocks to Redondo's Esplanade oceanfront. The building includes plentiful ground level and restricted underground parking. Solid long term leases ensure stable income. The entire internal and external space have recently been fashionably updated/remodeled (1st floor still in progress for new tenant), including the elevator. Some spaces feature ocean views and decks. Rooftop cellular sites contribute substantially to income with no owner maintenance at all. This property has never been on the open market since construction and represents a unique opportunity to secure an iconic position in one of the Beach Cities top commercial zone.
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Based on information from CRISNet MLS as of 5/25/2022. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.