Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1935
Sq.Footage
N/A
This is a rare opportunity to acquire a flexible, mixed-used portfolio consisting of three contiguous parcels totaling 9,127 sq ft on a prime corner in South Redondo Beach. Located just blocks from the Redondo Beach pier and esplanade, the site is walkable to premier retail, dining, and entertainment options. 824-830 Torrance Blvd is a two-story mixed-use building with two commercial units on the first level and two residential units on the second level. 832 Torrance Blvd is a standalone oversized commercial structure currently used a media studio. 301 S Lucia Ave is a detached single-family residence with a private parking area and outdoor space. Three of the units are leased to long-term tenants on flexible, market-rate leases. The other three units can be delivered vacant. This property is ideal for investors seeking a 5% CAP rate from day one, owner-users desiring a live/work setup, or developers considering future repositioning under C2 zoning. Please see the attached Offering Memorandum for further details.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
Exterior
-
Garage
Yes
-
Garage spaces
4
-
Parking
Assigned, Carport, Driveway, Garage, On Site
-
Pool
Yes
-
Pool Features
None
Area & Lot
-
Lot Features
Corner Lot, Level
-
Lot Size(acres)
0.2095
-
Property Type
Residential Income
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$2,975,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Chris Barker , Yorkshire Realty
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