Waterfront
Address
229 Avenue I Redondo Beach, CA
Price
$ 9,250,000
Property Attributes
  • MLS#SB21003869
  • TypeCommercial
  • CountyLOS ANGELES
  • CityRedondo Beach
  • AreaHollywood Riviera
  • Zip90277
  • StyleMixed Use
  • Price$ 9,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10480
Listing Provided Courtesy Of:
Jim Menton with The Realestate Group.
Property Description

Located in the gateway to Riviera Village, Redondo Beach's most prestigious retail/office area, this 3 story jewel is a generational treasure. It stands just 2 short blocks to Redondo's Esplanade oceanfront. The building includes plentiful ground level and restricted underground parking. Solid long term leases ensure stable income. The entire internal and external space have recently been fashionably updated/remodeled (1st floor still in progress for new tenant), including the elevator. Some spaces feature ocean views and decks. Rooftop cellular sites contribute substantially to income with no owner maintenance at all. This property has never been on the open market since construction and represents a unique opportunity to secure an iconic position in one of the Beach Cities top commercial zone.

Price History
1/7/2021 Listed $9,250,000

General Features

Building Features Elevators
Construction Materials Concrete, Glass, Steel, Stucco
Current Financing Conventional
Directions West of PCH on Avenue I
Heating Forced Air, Electric
Listagentaor South Bay
Listing Agent Jim Menton - BRE#00582209
Listing Agent State License 00582209
MLS Area 128 - Hollywood Riviera
Price Per Square Foot 882.63
Property SubType Mixed Use
Property Type Commercial Sale
Roof Composition
Security Features Automatic Gate, Fire Sprinkler System
Source System CRMLS
Special Listing Conditions Standard
Total Units 5
Utilities Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected

Interior Features

Air Conditioning Y/N Yes
Condo Area Unit Type Square Feet
Heating Y/N Yes
Laundry Features None
Total Stories 3

Exterior Features

Building Area Total 10480.00
Land Use Office, Retail
Lot Size Source Assessor
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90277

Price
AVG $1.39M
$9.25M
Visits
AVG 88
12
Year Built
AVG 1981
1987

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