Redondo Beach, CA 90277,1617 S Pacific Ccoast Hwy
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Redondo Beach, CA 90277,1617 S Pacific Ccoast Hwy
Redondo Beach, CA 90277,1617 S Pacific Ccoast Hwy
Redondo Beach, CA 90277,1617 S Pacific Ccoast Hwy
Redondo Beach, CA 90277,1617 S Pacific Ccoast Hwy

$10,915,000

Est. payment /mo

$12,500,000

12.7%
Est.Price: ?

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1617 S Pacific Ccoast Hwy Redondo Beach, CA 90277

0.39 Acres Lot

SOLD DATE : 08/16/2022

Key Details

Sold Price $10,915,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB21196999

Sold Date 08/16/22

HOA Y/N No

Year Built 1961

Annual Tax Amount $151,575

Lot Size 0.390 Acres

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

Area 157 - S Redondo Bch W Of Pch

Interior

Heating ForcedAir, NaturalGas

Cooling HighEfficiency

Fireplace No

Laundry None

Exterior

Fence None

Roof Type Composition

Building

Lot Description CornerLot

Story 2

Water Public

Others

Tax ID 7511007044

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jim Menton • The Realestate Group
Bought with General NONMEMBER • NONMEMBER MRML

John Hickey

Agent | License ID: 00985364

+1(818) 434-6696

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