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The current list price is $12,000,000 while the parking structure renovation is underway during the Spring of 2024 with an anticipated completion date in the summer. Once the project is complete, all the units are leased and new lease terms have been secured with current tenants then the price will be increased to $13,500,000 or more. (This is a value add opportunity, ideal for an owner user or investor). The seller may consider an adjusted price point for an as is offer while improvements are being completed. Owner financing maybe considered for a qualified buyer with terms to be determined for a possible long term commitment.A High traffic signalized corner located at the gateway to the beach communities of Redondo and Hermosa Beach. Easy to show lock box on second floor - call listing agent for an accompanied tour or go at your leisure from 9 to 4:30 (elevator and stair well are locked after hours).
Property Type(s):
Commercial
| Last Updated | 10/19/2024 | Year Built | 1987 |
|---|---|---|---|
| Community | S Redondo Bch W of PCH | County | Los Angeles |
Price History
| Prior to Dec 27, '23 | $13,500,000 |
|---|---|
| Dec 27, '23 - Today | $12,000,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | S Redondo Bch W of PCH |
| CONSTRUCTION | Frame, Stucco |
| LOT | 1.15 acre(s) |
| LOT DESCRIPTION | Corner Lot, Irregular Lot, Landscaped, Lot Over 40000 Sqft, Near Park, Sloped Down, Sprinkler System, Sprinklers Timer |
| LOT DIMENSIONS | 130x704 |
| STORIES | 2 |
| UTILITIES | Cable Available,Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Phone Available,Phone Connected,Sewer Connected,Water Connected, Electric: 220 Volts Other,See Remarks |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Ocean Side Of Highway |
| ZONING | RBC3 |
Location
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Listed with RE/MAX Estate Properties
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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