1436 Aviation Boulevard
Redondo Beach, California CA 90278-4055
$2,995,000 Price
Active Status
5,720 SqFt
SB18257329 Listing ID
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 requiring completion. 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. This asset has been priced to attract a lot of attention.
Schedule Showing
Status Active
County Los Angeles
Year Built 2015
Price/SqFt $523.60
Property Type Commercial Sale
Commercial Sale
Property Sub Type Office

Primary Features

Building Features: Elevators
County: Los Angeles
MLS Area Major: 154 - N Redondo Bch/Golden Hills
Property Sub Type: Office
Property Type: Commercial Sale
Special Listing Conditions: Standard
Year Built: 2015
Zoning: C-2

Financial Details

Accounting Type: ProForma
Cap Rate: 4.28
Effective Gross: 228000
Gross Scheduled Income: 240000
Insurance Expense: 4600
Legal Accounting Expense: 1200
Net Operating Income: 161400
Operating Expense: 66600
Professional Management Expense: 10800
Total Expenses: 66600

Interior Features

Cooling: yes
Heating Type: See Remarks
Heating: yes
Real Estate Tax Expense: 50000


Building Status: Existing
Land Use: Office
Laundry Features: None
Lot Size Source: Assessor
Number Of Units Total: 1
Office Class: A
Vacancy Allowance: 12000
Vacancy Allowance Rate: 5
Water Source: Public
Year Built Source: Seller

External Features

Carport Spaces: 7
Construction Materials: Stucco
Number Of Buildings: 1
Parking Ratio: 0.25
Parking Total: 23
Roof: Flat, Rolled/Hot Mop
Topography: sloped
Uncovered Spaces: 16

Location Information

Country: US

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 Robert Freedman from RE/MAX Estate Properties . Last updated Thursday, March 21st, 2019.

Contact - Listing ID SB18257329

Alison Clay-Duboff

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

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