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717 S Pacific Coast

Redondo Beach, CA 90277
  • $7,500,000
  • STATUS: Active
  • ON SITE: 356 Days
  • ID#: SB22126758
Price Reduced
UPDATED: 62 min ago
$7,500,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Gerard Bisignano of Vista Sothebyã¢Â‚¬Â„¢S International Realty (310-375-0583)


Description

$1m price reduction. Owner wants to see offers. Trophy property in an amazing South Redondo Beach location 4 short blocks from the sand and close proximity to high end residential and commercial areas. First time available in 20 years. 2 office/retail spaces on PCH with great frontage and signage. All residential units off PCH behind office commercial spaces. Office space currently used as an insurance office and pilates studio and approximately 600-800 sq ft each. Residential units are large and recently upgraded including new a/c and heaters in the residential and commercial units. 5 enclosed garages with newer garage doors and an additional 14 on-site parking spaces and a laundry room. Turnkey and rents recently increased.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-08T16:34:25.043. 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 Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/129903016
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717 S Pacific Coast Redondo Beach, CA 90277

  • Price: $7,500,000
  • Status: Active
  • On Site: 356 Days
  • Updated: 62 min ago
  • ID#: SB22126758
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1962
Built
Neighborhood:
157 - S Redondo Bch W of PCH
County:
Los Angeles
Area:
157 - S Redondo Bch W of PCH
Property Description
$1m price reduction. Owner wants to see offers. Trophy property in an amazing South Redondo Beach location 4 short blocks from the sand and close proximity to high end residential and commercial areas. First time available in 20 years. 2 office/retail spaces on PCH with great frontage and signage. All residential units off PCH behind office commercial spaces. Office space currently used as an insurance office and pilates studio and approximately 600-800 sq ft each. Residential units are large and recently upgraded including new a/c and heaters in the residential and commercial units. 5 enclosed garages with newer garage doors and an additional 14 on-site parking spaces and a laundry room. Turnkey and rents recently increased.
Exterior Features

Entry Location Pch Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 11 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 3 Common Interest None Community Features BikingCurbsDog ParkSidewalks Current Financing None Electric Expense 2381 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 252000 Insurance Expense 6871 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 232436 New Construction YN No Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Number Of Units Leased 11 Operating Expense 19564 Pest Control Expense 800 Possession Close Of Escrow Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 5424 Water Sewer Expense 4088 Water Source Public Zoning Rbc-2



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-08T16:34:25.043. 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 Team Forss Realty Group. Licensed in the State of California, USA.
 
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Gerard Bisignano of Vista Sothebyã¢Â‚¬Â„¢S International Realty (310-375-0583)