1917 S Catalina Avenue, Redondo Beach, CA 90277

$3,600,000
4,030
SqFt
List Price
$3,600,000
Price Change
▼ $200,000 1554895024
Status
ACTIVE UNDER CONTRACT
MLS#
SB18113226
Year Built
1956
Living Sq. Ft
4,030
Days on Market
399
Property Type
Commercial
Property Sub Type
Office

Property Description

This investment offering is a rare opportunity to acquire a commercial property in the highly desirable Riviera Village section of Redondo Beach, just 2 blocks from the sand on the Pacific Ocean. The subject property is a medical/dental office building with two suites (1917 & 1919) totaling approximately 4,030 square feet, with onsite parking for 12 vehicles via alley access in 6 tandem parking stalls. The layout of the building is a U-shaped configuration with a center courtyard between each of the two suites which face each other. 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 zoning allows for a new development of up to .50 FAR (Floor Area Ratio) and a maximum height limit of 30' or two stories subject to current building standards, required setbacks, and other city planning requirements. The property is in an A+ location of Redondo Beach in Riviera Village just below the foot hills of the Palos Verdes Peninsula. The property fronts Catalina Avenue which is "Main Street" and has prominent visibility. 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 wide selection of restaurants, bars, eateries, boutique shops and professional offices.

Additional Information

Taxes
$40,212
Water
Public

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Calculator source: Real Geeks

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.