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901 N Pacific Coast Hwy
Redondo Beach, CA 90277

$12,000,000 USD

Medical For Sale  •  24,256 SF

Property Details

  • Property Type Medical
  • Total Building Size 24,256 SF
  • Lot Size 1.15 AC
  • Building Class B
  • Year Built 1986
  • Cap Rate 3.89 %
  • Tenancy Multiple
  • Zoning PD, Redondo Beach
0 Transit Score
92 Walk Score

Highlights

Gateway to South Bay Beach Communities - Redondo - Hermosa and Manhattan Beach's
Prime signalized high exposure corner with over 90K cars passing by daily
Ocean view suites with views of the Palos Verdes Peninsula and beyond to Catalina.
A value add opportunity with a 4k ocean office available for an owner user or to lease at a premium rate
110 parking spaces on site with plenty of curbside parking as well
New exterior paint in 2022 and resurfaced roof in 2021 then serviced in 2023

Property Flyers

Financial Summary (Actual)

Net Operating Income: $467,176 USD (2022)
Cap Rate: 3.89 %
Total Expenses: $184,197 USD

Amenities

  • Bus Line
  • Fitness Center
  • Food Service
  • Restaurant
  • Signage
  • Reception
  • Drop Ceiling
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Los Angeles International 15 min - 7.3 mi
Long Beach (Daugherty Field) 22 min - 14.9 mi
Bob Hope 47 min - 33.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 110
Type: Surface
Included in Rent: Yes
Michael Talbot 310-422-4309 RE/MAX Estate Properties
Michael Talbot 310-422-4309 RE/MAX Estate Properties