1917 S Catalina Avenue
Redondo Beach, California CA 90277-5515
$3,800,000 Price
Active Status
4,030 SqFt
SB18113226 Listing ID
The subject property is a medical/dental office building with two tenants totaling approximately 4,030 square feet, with onsite parking for 12 vehicles via alley access in 6 tandem parking stalls. The building is a U-shaped configuration with a courtyard between each of the two suites which face each other. The improvements were constructed in 1956 and are situated on a 5,298 square foot lot zoned C-2 with the Riviera Village RIV-PD Pedestrian Overlay. The C-2 zoning allows a broad array of commercial, office, and retail uses, while the RIV-PD Overlay is intended to encourage pedestrian oriented retail uses. The current dental and medical tenant use is grandfathered in, however both of the tenant leases expire respectively in 2018, providing an opportunity for an owner-user, investor or developer. The zoning allows for development of up to .50 Floor Area Ratio and a maximum height limit of 30' or 2 stories subject to current building standards, required setbacks, and other planning requirements. The property is in an A+ location in Riviera Village. The median annual household income within a 1 mile radius is in excess of $100,000, with a population of over 15,000. The immediate area has multi-million dollar homes and condominiums selling at $1 million plus. Riviera Village has a selection of restaurants, bars, eateries, boutique shops and professional offices. Catalina Avenue has a very low vacancy factor, and properties rarely become available for acquisition.
Schedule Showing Virtual Tour
Status Active
County Los Angeles
Year Built 1956
Price/SqFt $942.93
Property Type Commercial Sale
Commercial Sale
Property Sub Type Office

Primary Features

County: Los Angeles
MLS Area Major: 128 - Hollywood Riviera
Property Sub Type: Office
Property Type: Commercial Sale
Special Listing Conditions: Standard
Year Built: 1956
Zoning: C2

Financial Details

Accounting Type: ProForma
Cap Rate: 4.77
Electric Expense: 695
Expense Year: 2018
Gross Scheduled Income: 181344
Insurance Expense: 1971
Investment Property: yes
Maintenance Expense: 4000
Net Operating Income: 181344
Other Income 1: 52931
Tax Annual Amount: 42446
Total Expenses: 52931
Trash Expense: 1157
Water Sewer Expense: 1288

Interior Features

Real Estate Tax Expense: 42446


Building Status: Existing
Land Use: Office, Retail
Laundry Features: None
Lot Size Source: Assessor
Number Of Units Leased: 2
Office Class: C
Tax Year: 2018
Water Source: Public
Year Built Source: Assessor

External Features

Number Of Buildings: 1

Location Information

Country: US
Street Number: 1919

Zoning Info

© 2019. The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by Multi-Regional Multiple Listing Service, Inc. ("MRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and MRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Listing courtesy of Stephen Lampe from Re/Max Commercial & Investment . Last updated Thursday, March 21st, 2019.

Contact - Listing ID SB18113226

Alison Clay-Duboff

1040 Manhattan Beach Blvd
Manhattan Beach, CA 90266
Phone: 310-200-3037
Fax: 310-265-6050

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