Properties

1917 S Catalina Avenue
Redondo Beach, California CA 90277-5515
$3,600,000 Price
Active Under Contract Status
4,030 SqFt
SB18113226 Listing ID
This investment offering is a rare opportunity to acquire a commercial property in the highly desirable Riviera Village section of Redondo Beach, just 2 blocks from the sand on the Pacific Ocean. The subject property is a medical/dental office building with two suites (1917 & 1919) totaling approximately 4,030 square feet, with onsite parking for 12 vehicles via alley access in 6 tandem parking stalls. The layout of the building is a U-shaped configuration with a center courtyard between each of the two suites which face each other. 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 zoning allows for a new development of up to .50 FAR (Floor Area Ratio) and a maximum height limit of 30' or two stories subject to current building standards, required setbacks, and other city planning requirements. The property is in an A+ location of Redondo Beach in Riviera Village just below the foot hills of the Palos Verdes Peninsula. The property fronts Catalina Avenue which is "Main Street" and has prominent visibility. 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 wide selection of restaurants, bars, eateries, boutique shops and professional offices.
Schedule Showing Virtual Tour
Status Active Under Contract
County Los Angeles
Year Built 1956
Price/SqFt $893.30
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: 5.1
Electric Expense: 695
Expense Year: 2019
Gross Scheduled Income: 181344
Insurance Expense: 1971
Investment Property: yes
Maintenance Expense: 4000
Net Operating Income: 183579
Other Income 1: 52932
Tax Annual Amount: 40212
Total Expenses: 50697
Trash Expense: 1157
Water Sewer Expense: 1288

Interior Features

Real Estate Tax Expense: 40212

Additional

Building Status: Existing
Land Use: Office, Retail
Laundry Features: None
Lot Size Source: Assessor
Number Of Units Leased: 2
Office Class: C
Tax Year: 2019
Water Source: Public
Year Built Source: Assessor

External Features

Number Of Buildings: 1

Location Information

Country: US
Street Number: 1919

Zoning Info


Area Info


© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing courtesy of Stephen Lampe from Re/Max Commercial & Investment . Last updated Wednesday, June 19th, 2019.

Contact - Listing ID SB18113226

Alison Clay-Duboff

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

Data services provided by IDX Broker
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