For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $6,300,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23185516
Sold Date 01/26/24
HOA Y/N No
Year Built 1955
Lot Size 0.251 Acres
Lot Dimensions Assessor
Property Description
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)
Location
State CA
County Los Angeles
Area 157 - S Redondo Bch W Of Pch
Zoning C-2-PD
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Community Features Park
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Composition
Total Parking Spaces 10
Building
Lot Description Corner Lot, Level, Near Park, Rectangular Lot, Street Level
Story 1
Water Public
Others
Tax ID 7511011010
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jessica Horrell • Horrell Realtors
GET MORE INFORMATION