Remarks

This prime, exceptionally visible mixed use retail/office building in Riviera Village, South Redondo Beach's most prestigious retail/office/restaurant/walking area, this 2-story generational icon stands just 2 blocks from the Esplanade oceanfront. It is located at the corner of Pacific Coast Highway and Avenue I, the main gateway to the Village. Anchored by ground-level popular Good Stuff (a regional top-grossing eatery), Coffee Bean store, and Crazy Fish, each with long-term leases ensures stability. The fully-leased always highly desirable space houses 12 additional retail or office tenants, many of whom are long-term successful businesses. The internal space is largely updated and modernized, including an upper-level art deco theme. The building includes plentiful ground-level parking (108 spaces shared with a neighboring building). This property represents a rare investment opportunity in today's severely restricted prime commercial marketplace. It is a Beach Cities jewel. Contact LA for additional details.

Details

MLS#: SB21196999
Price: $12,500,000

Sq Ft: 16975.00
Year Built: 1961

County: Los Angeles