Sold

1729 -1735 S Catalina Avenue

Redondo Beach CA, 90277

$6,250,000


$912.94 per sqft

Sold

6,846 sqft

Commercial

Built in 1955

Listed by Jay Horrell with Horrell Realtors 310-373-7777

A rare opportunity for an investor or owner user to purchase a generational trophy property in the heart of Riviera Village. First time offered for sale by the family of the original owner. The building is 6,854 square feet and feature 4 individual east facing store fronts including two restaurant spaces. Situated on two parcels totaling 10,916 square feet. Located on a high visibility corner with 104 feet of frontage on Catalina Avenue and located just a short distance from the Pacific Ocean. This property allows an investor to obtain yield growth through rental rate adjustments and property enhancements. All units are separately metered for gas and electricity.

* Prime A++ Riviera Village Location with Significant Appreciation Aspects
* Substantial Rental Income Upside Potential
* High Visibility Corner Location
* Two Parcels totaling 10,916 sq. ft. with 104 feet of street frontage.
* Four Store Fronts totaling 6,854 sq. ft. (2 x 1,320/1 x 1,584/1 x 2,640)

SB23185516

MLS ID

October 5, 2023

Listed

February 16, 2024

Updated

Map

1729 -1735 S Catalina Avenue
Redondo Beach CA, 90277

Interior Features

Total Stories

1


Laundry Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.25 Acres


Lot Features

Corner Lot, Level, Near Park, Rectangular Lot, Street Level


Roof

Composition

Other Property Details

Area Name

157 - S Redondo Bch W of PCH


Days on Market

37


Garage

No


Parking Total

10


View

No


County

Los Angeles


Water Source

Public


Pool

No


Zoning

C-2-PD


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

1/29/2024

Price Change

$6,300,000

0%

1/29/2024

Sold

12/22/2023

Pending

11/13/2023

Under Contract

Listing Contact: 310-373-7777 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:23 AM UTC

 

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