Properties

1436 Aviation Boulevard
Redondo Beach, California CA 90278-4055
$2,400,000 Price
Active Under Contract Status
5,720 SqFt
SB19160202 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 ready for buyer to complete to buyer’s vision. 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.
Schedule Showing
Status Active Under Contract
County Los Angeles
Year Built 2015
Price/SqFt $419.58
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
Investment Property: no
Legal Accounting Expense: 1200
Net Operating Income: 161400
Operating Expense: 66600
Professional Management Expense: 10800
Total Expenses: 66600

Interior Features

Real Estate Tax Expense: 50000
Stories Total: 2

Additional

Building Status: Existing
Land Use: Office
Laundry Features: None
Lot Size Source: Assessor
Office Class: A
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Vacancy Allowance Rate: 5
Water Source: Public
Year Built Source: See Remarks

External Features

Carport Spaces: 7
Number Of Buildings: 1
Parking Ratio: 0.25
Parking Total: 23
Roof: Flat
Uncovered Spaces: 16

Location Information

Country: US

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 Bryn Stroyke from Stroyke Properties, Inc. . Last updated Monday, November 11th, 2019.
Based on information from CARETS as of Monday, November 11th, 2019 02:33:43 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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Contact - Listing ID SB19160202

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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