$2,915,000
$3,250,000
10.3%For more information regarding the value of a property, please contact us for a free consultation.
5,893 Sqft Lot
SOLD DATE : 02/07/2025
Key Details
Sold Price $2,915,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB24218014
Sold Date 02/07/25
HOA Y/N No
Year Built 1954
Tax Year 2022
Lot Size 5,893 Sqft
Lot Dimensions Assessor
Property Description
A rare opportunity for an investor or owner user to purchase a generational trophy property in the heart of Riviera Village. First time offered for sale by the family of the original owner. The building is 3,600 square feet and feature 3 individual east facing retail store fronts (3 x 1,200). Situated on two parcels totaling 5,894 square feet with 60 feet of Frontage on Catalina Avenue and located just a short distance from the Pacific Ocean. This property allows an investor to obtain yield growth through rental rate adjustments and property enhancements. All units are separately metered for gas and electricity. A new roof was installed in 2023.
• Prime A+ Riviera Village Location with Significant Appreciation Aspects
• Substantial Rental Income Upside Potential
• Two lots totaling 5,894 sq. ft. with 60 feet of street frontage.
• Three Store Fronts totaling 3,600 sq. ft. (Each 1,200 Sq. Ft)
• Once in a Lifetime Generational Trophy Investment
DO NOT DISTURB TENANTS.
Location
State CA
County Los Angeles
Area 157 - S Redondo Bch W Of Pch
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence None
Community Features Park
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Composition
Present Use Commercial
Total Parking Spaces 8
Building
Lot Description Near Park, Near Public Transit, Rectangular Lot, Street Level
Story 1
Water Public
Others
Tax ID 7511016028
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML
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