1907-1909 S. Catalina Avenue
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1907-1909 S. Catalina Avenue
3,600 SF Retail Building Redondo Beach, CA 90277 $3,250,000 ($903/SF) 5% Cap Rate
Investment Highlights
- Prime A+ Riviera Village Location with Significant Appreciation Aspects
- Two lots totaling 5,894 sq. ft. with 60 feet of street frontage
- Once in a Lifetime Generational Trophy Investment
- Substantial Rental Income Upside Potential
- Three Store Fronts totaling 3,600 sq. ft. (Each 1,200 Sq. Ft)
Executive Summary
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 store fronts. Situated on two lots totaling 5,894 square foot 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
• 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
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Building Size
3,600 SF
Year Built
1954
Price
$3,250,000
Price Per SF
$903
Cap Rate
5%
NOI
$162,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.14 AC
Zoning
RB-C-2-PD - Pedestrian Oriented Commercial Zone
Parking
8 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
60 FT on South Catalina Avenue
Amenities
- Bus Line
- Signage
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (75)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 7511-016-028 | Improvements Assessment | $82,869 (2024) |
| Land Assessment | $256,728 (2024) | Total Assessment | $339,597 (2024) |
PROPERTY TAXES
Parcel Number
7511-016-028
Land Assessment
$256,728 (2024)
Improvements Assessment
$82,869 (2024)
Total Assessment
$339,597 (2024)
1 of 16
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1907-1909 S. Catalina Avenue
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.