1617 S Pacific Ccoast Hwy $12,500,000

    Close

    1617 S Pacific Ccoast Hwy Redondo Beach, CA 90277

    Active Under Contract
    Request Info
    • 16,975 sq. ft.
    • 0.39 Acres
    • Commercial Sale
    • MLS# SB21196999
    Favorite Share
    Views: 253 Days On Market: 261

    Go Tour This Listing

    Schedule A Showing

    Property Details

    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.

    • General Features
      • Buyer Compensation 1.500 %
      • County Or Parish Los Angeles
      • YearBuilt 1961
    • Building Features
      • Cooling High Efficiency
      • Heating Forced Air,Natural Gas
      • Laundry Features None
      • Roof Composition
    • Property Features
      • Fencing None
      • Lot Features Corner Lot
      • Lot Size Acres 0.38

    Contact

    Tony Barberi

    Tony Barberi

    Global Real Estate Advisor

    DRE# 01351812

    1144 Highland

    Mobile Phone: 310-529-2344

    Neighborhood

    90277 (Redondo Beach) Demographics

    44 Median Age
    7,056 Population Density (per sq. mile)
    71% College Educated
    $106,185 Estimated Median Income
    7,329 Estimated Total Home Owners
    8,515 Estimated Total Renters
    46% / 54% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    34,827 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,457,675 Median Sales Price
    32 Homes Sold
    50 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $12,500,000
        5/5/2022 3:32:01 PM Status Changed Source: Multiple Listing Service New Value: Active Under Contract
        9/7/2021 11:17:00 AM New in Database Source: Multiple Listing Service New Value: $12,500,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 5/26/2022 8:08:23 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.