1010 S Pacific Coast Hwy, Redondo Beach, CA 90277

1010 S Pacific Coast Hwy, Redondo Beach, CA 90277

Redondo Beach, CA
$3,200,000

Property Description

INVESTMENT HIGHLIGHTS

  • 6 Unit Office/Retail Building for Sale/Lease
  • Currently 3 Vacancies offer at $3-4.50/RSF
  • Features Include: New Bathrooms, Electrical, Plumbing, Staircases, Deck’s, Flooring, HVAC, Roof, High Speed Hard Wired Internet
  • 2 Ground Floor Retail Units & ($) Upstairs Office Units
  • Zoned RBC-2-PD

EXECUTIVE SUMMARY

New Construction 2020 Build
6 Unit Office/Retail Building for Sale/Lease
2 Ground Floor Retail Units & (4) Upstairs Office Units
Currently 3 Vacancies offered at $3-$4.50/RSF
Zoned RBC-2-PD
Features Include: New Bathrooms, Electrical, Plumbing,
Staircases, Deck’s, Flooring, HVAC, Roof, High Speed Hard
Wired Internet and Exclusive Balconies for Office Tenants

Property Features

  • Sale Price: $3,200,000
  • Area Size: 4,404 SF
  • Year Built: 2020
  • Listing Date: 6/20/2022
  • Units: 6
  • Current GRM: 27.56
  • Current Cap Rate: 2.69%
  • Market GRM: 20.05
  • Market Cap Rate: 4.01%