1919 S Catalina Avenue, Redondo Beach, CA 90277

$3,800,000
4,030
SqFt
List Price
$3,800,000
Price Change
▼ $300,000 1541137142
Status
ACTIVE
MLS#
SB18113226
Year Built
1956
Living Sq. Ft
4,030
Days on Market
309
Property Type
Commercial
Property Sub Type
Office
Days on Market
275

Property Description

The subject property is a medical/dental office building with two tenants totaling approximately 4,030 square feet, with onsite parking for 12 vehicles via alley access in 6 tandem parking stalls. The building is a U-shaped configuration with a courtyard between each of the two suites which face each other. The improvements were constructed in 1956 and are situated on a 5,298 square foot lot zoned C-2 with the Riviera Village RIV-PD Pedestrian Overlay. The C-2 zoning allows a broad array of commercial, office, and retail uses, while the RIV-PD Overlay is intended to encourage pedestrian oriented retail uses. The current dental and medical tenant use is grandfathered in, however both of the tenant leases expire respectively in 2018, providing an opportunity for an owner-user, investor or developer. The zoning allows for development of up to .50 Floor Area Ratio and a maximum height limit of 30' or 2 stories subject to current building standards, required setbacks, and other planning requirements. The property is in an A+ location in Riviera Village. The median annual household income within a 1 mile radius is in excess of $100,000, with a population of over 15,000. The immediate area has multi-million dollar homes and condominiums selling at $1 million plus. Riviera Village has a selection of restaurants, bars, eateries, boutique shops and professional offices. Catalina Avenue has a very low vacancy factor, and properties rarely become available for acquisition.

Additional Information

Taxes
$42,446
Water
Public

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Listing courtesy of Stephen Lampe from Re/Max Commercial & Investment

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.