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705 S Pacific Coast Hwy
Redondo Beach, CA 90277

$2,199,000 USD

Storefront Retail Residential For Sale  •  4,003 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 4,549 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1925
  • Cap Rate 5.03 %
  • Tenancy Single
  • Zoning RBC-2
0 Transit Score
87 Walk Score

Highlights

Mixed-Use Investment Opportunity – 1 Retail Store + 4 Apartment Units | No L.A. City Rent Control
Located Just 5 Blocks from the Pacific Ocean | Front Retail Unit & (Four) 2-Bed/1-Bath Apartment Units in the Back
Each Apartment Unit Contains Laundry Hook-Ups & 1-Car Garage with Electric Door Openers | All Roofs Replaced Last Year
New EV Car Chargers in All Garages | All Units with Windows & Two Units with Private Patios | 4,549-SF of Rentable SF on Large 7,369-SF Lot
5.03% Current Cap Rate & 13.95 Current GRM | 6.36% Pro-Forma Cap Rate & 11.61 Pro-Forma GRM
Retail Located on Major Thoroughfare of South Redondo with Great Frontage on PCH
Cap Rate: 5.03 %

Amenities

  • Car Charging Station
  • Balcony

Public Transportation

AirportDriveWalkDistance
Los Angeles International 18 min - 9.0 mi
Long Beach (Daugherty Field) 24 min - 15.7 mi
Bob Hope 50 min - 35.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Covered
Included in Rent: Yes
Gianluca Jacoli 510-708-2662 Shield Commercial Real Estate
Gianluca Jacoli 510-708-2662 Shield Commercial Real Estate