Seller Financing
Listed By:
Michael Talbot with RE/MAX Estate Properties; 310-422-4309
Address
901 N Pacific Coast, Redondo Beach, CA
Price
$ 12,000,000
Property Attributes
  • MLS#SB23229065
  • TypeCommercial
  • CountyLOS ANGELES
  • CityRedondo Beach
  • AreaS Redondo Bch W of PCH
  • Zip90277
  • StyleOffice
  • Price$ 12,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage24256
  • Lot Size1.1524 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

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).

Price History
12/22/2023 Listed $13,500,000
12/28/2023 12% - $12,000,000

General Features

Cooling CentralAir
Utilities CableAvailable,ElectricityAvailable,ElectricityConnected,NaturalGasAvailable,NaturalGasConnected,PhoneAvailable,PhoneConnected,SewerConnected,WaterConnected
Roof Composition,Copper
Zoning RBC3
Security Features FireSprinklerSystem,SmokeDetectors
Construction Materials Frame,Stucco
Year Built 1987
Property SubType Office
Business Type Commercial,Dental,FoodBeverage,Fitness,HealthServices,Medical,ProfessionalOffice,ProfessionalService,Restaurant,Retail
Waterfront Features OceanSideOfHighway
Community Features Park
Building Name Herondo Plaza
County Los Angeles
New Construction No
Property Type CommercialSale
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Building Features Elevators
Special Listing Conditions Standard
Status Active
Directions N/W corner of Pacific Coast Hwy and Herondo (Anita-190th)
City Redondo Beach
View Y/N No
Senior Community Y/N No
MLS Area 157 - S Redondo Bch W of PCH
Lot Size Square Feet 50200.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Number of Units Leased 10
Street Name Pacific Coast
Listing Terms Cash,CashtoNewLoan,Conventional,Item1031Exchange,OwnerMayCarry
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Current Financing None
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N Yes
Rent Control Y/N No
Days on Market 6
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Tenant
Year Built Source Assessor
Property Sub Type Additional Office
MobileHomeRemainsYN No

Interior Features

Total Stories 2
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N No
Fireplace Y/N No
Laundry Features None
Entry Level 1
Electric On Property Y/N No
LivingAreaSource Assessor

Exterior Features

Lot Features CornerLot,IrregularLot,LotOver40000Sqft,Landscaped,NearPark,SprinklersTimer,SprinklerSystem,SlopedDown
Water Source Public
Lot Size Area 50200.0
Number of Buildings 3
Spa No
Building Area Total 24256.0
Lot Dimensions 130x704
Lot Size Acres 1.1524
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 90277

Price
AVG $4.29M
$12M
Visits
AVG 143
395
Data Provided by Inside Real Estate®
Year Built
AVG 1974
1987

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