$7,000,000
$7,600,000
7.9%For more information regarding the value of a property, please contact us for a free consultation.
229 Avenue I Redondo Beach, CA 90277
10,480 SqFt
Key Details
Sold Price $7,000,000
Property Type Commercial
Sub Type MixedUse
Listing Status Sold
Purchase Type For Sale
Square Footage 10,480 sqft
Price per Sqft $667
MLS Listing ID SB21003869
Sold Date 03/01/23
HOA Y/N No
Year Built 1987
Lot Size 0.398 Acres
Acres 0.3982
Property Description
Located in the gateway to Riviera Village, Redondo Beach's most prestigious retail/office area, this 3 story jewel is a generational treasure. It stands just 2 short blocks to Redondo's Esplanade oceanfront. The building includes plentiful ground level and restricted underground parking. Solid long term leases ensure stable income. The entire internal and external space have recently been fashionably updated/remodeled (1st floor still in progress for new tenant), including the elevator. Some spaces feature ocean views and decks. Rooftop cellular sites contribute substantially to income with no owner maintenance at all. This property has never been on the open market since construction and represents a unique opportunity to secure an iconic position in one of the Beach Cities top commercial zone.
Location
State CA
County Los Angeles
Area 128 - Hollywood Riviera
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Electric, ForcedAir
Cooling CentralAir, Zoned
Fireplace No
Laundry None
Exterior
Utilities Available CableAvailable, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected
Roof Type Composition
Building
Lot Description SprinklersInFront, Level, NearPublicTransit, SprinklerSystem
Story 3
Water Public
Others
Tax ID 7511007045
Security Features FireSprinklerSystem,SecurityGate
Acceptable Financing Cash, CashtoNewLoan, Item1031Exchange
Listing Terms Cash, CashtoNewLoan, Item1031Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Shannon Yoon • NONMEMBER MRML