1436 Aviation Boulevard

    Redondo Beach, CA 90278
    • $2,400,000
    • STATUS: Active
    • ON SITE: 129 days
    • ID#: SB19160202
    $2,400,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,720
      SQFT
    • $420
      $/SQFT
    Type:
    Commercial
    Built:
    2015
    County:

    School Ratings & Info

    Description

    This newer built Class A Office Building lies on a very well traveled secondary corridor on Aviation Blvd between Pacific Coast Hwy and Artesia Blvd. It has never been occupied since construction and is in stud framed condition on the interior ready for buyer to complete to buyer+GGs vision. Financial numbers are assumed at Modified Gross with Tenants paying all utilities, once completed, and assuming $3.50 per foot. The assumptions include around $800,000 to complete the interior, but interested buyers will need to gauge that for themselves depending on Tenant Improvements desired. At this price you could not replicate what is here, particularly with all of the time and energy involved to create a building that need only be finished up. The time savings alone in planning and production with the City are enormous. The contemporary facade provides an beautiful statement for any number of uses. There is a three stop elevator servicing the parking lot and the two interior floors. There are 23 parking spaces, which is incredibly rare for the area. The floor plan also lends itself to users looking for a prestigious environment, as well as investors looking for a solid long term hold, or even a quick flip given the price point.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-15T00:30:43.723. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/96640013

    1436 Aviation Boulevard Redondo Beach, CA 90278

    • Price: $2,400,000
    • Status: Active
    • ID#: SB19160202
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    5,720
    SQFT
    $420
    $/SQFT
    2015
    Built
    Neighborhood:
    154 - N Redondo Bch/Golden Hills
    County:
    Los Angeles
    Area:
    154 - N Redondo Bch/Golden Hills
    Property Description
    This newer built Class A Office Building lies on a very well traveled secondary corridor on Aviation Blvd between Pacific Coast Hwy and Artesia Blvd. It has never been occupied since construction and is in stud framed condition on the interior ready for buyer to complete to buyer+GGs vision. Financial numbers are assumed at Modified Gross with Tenants paying all utilities, once completed, and assuming $3.50 per foot. The assumptions include around $800,000 to complete the interior, but interested buyers will need to gauge that for themselves depending on Tenant Improvements desired. At this price you could not replicate what is here, particularly with all of the time and energy involved to create a building that need only be finished up. The time savings alone in planning and production with the City are enormous. The contemporary facade provides an beautiful statement for any number of uses. There is a three stop elevator servicing the parking lot and the two interior floors. There are 23 parking spaces, which is incredibly rare for the area. The floor plan also lends itself to users looking for a prestigious environment, as well as investors looking for a solid long term hold, or even a quick flip given the price point.
    Exterior Features

    Carport Spaces 7.00 Lot Features Lot 10000-19999 SqftNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Ratio 0.25 Parking Total 23.00 Roof Flat

    Interior Features

    Building Features Elevators Condo Area Units Square Feet Laundry Features None Office Class A

    Property Features

    Accounting Type Proforma Additional Parcels Description 4162-005-013 Additional Parcels YN Yes Building Area Units Square Feet Building Status Existing Cap Rate 4.28 Country Us Current Use Comments interior Ready To Build Out Effective Gross 228000 Gross Scheduled Income 240000.00 Insurance Expense 4600.00 Investment Property YN No Land Use Office Laundry YN No Leasable Area Units Square Feet Legal Accounting Expense 1200.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 161400.00 Occupancy Vacant Operating Expense 66600.00 Professional Management Expense 10800.00 Property Sub Type Office Real Estate Tax Expense 50000.00 Special Listing Conditions Standard Total Expenses 66600.00 Utilities Cable AvailableElectricity AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Vacancy Allowance Rate 5.00 Water Source Public Year Built Source See Remarks Zoning C-2

    Listing provided courtesy of Bryn Stroyke of Bayside


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-15T00:30:43.723. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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