2300 Artesia Bl,#A,#B,#C | 2300 Artesia Blvd
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2300 Artesia Bl,#A,#B,#C 2300 Artesia Blvd
3,460 SF 100% Leased Retail Building Redondo Beach, CA 90278 $2,250,000 ($650/SF) 6.47% Cap Rate
Investment Highlights
- Remodeled
- Mixed Use (Commercial Retail and Residential Bungalows)
- Part of Redondo Beach Artesia & Aviation Corridors Area Plan
- Corner Lot
- New Roof
- New HVAC and Forced Air Heating
Executive Summary
MIXED USED PROPERTY on Prime Corner Lot in North Redondo Beach | CAP Rate of 6.46% | Just 2.2 miles to Hermosa Beach (going West) | (Three) Commercial Retail Storefronts units on high traffic and high visibility Artesia Blvd with 2500 sf, AND (Two) Residential Bungalows on Slauson Lane with 960 sf and each 1BR/1BA. *** Great for an investor looking for a 2nd final leg to their 1031 exchange, or an owner-occupier that can move right in. Two of the storefronts were completely remodeled in 2020 with new HVAC, drywall, modern frontage (glass and door), recessed lighting, electrical wiring/outlets/switches, new flooring, ADA compliant bathrooms and new roof. 3rd corner storefront has been remodeled by current tenant *** Residential Bungalows (connected 1-car garages each) have 1BR/1BA each, front and back yards and located on Slauson Lane. 1908 Slauson Lane is on a month-to-month at this time. *** Redondo Beach has an "Artesia and Aviation Corridors Area Plan" (dated Jan. 2020) with major plans to renovate the corridor.
Data Room Click Here to Access
- Operating and Financials
- Title and Insurance
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,460 SF
Building Class
C
Year Built/Renovated
1941/2020
Price
$2,250,000
Price Per SF
$650
Cap Rate
6.47%
NOI
$145,528
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.53
Land Acres
0.15 AC
Zoning
CG-R4
Frontage
Amenities
- Bus Line
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Recessed Lighting
- Air Conditioning
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- 1908 Slauson Lane
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- 1910 Slauson Lane
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Bootlegger Guitars
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Spine Sync
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Sugar Cove
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| 1908 Slauson Lane | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| 1910 Slauson Lane | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Bootlegger Guitars | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Spine Sync | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Sugar Cove | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 4157-003-029 | Total Assessment | $1,592,955 (2024) |
| Land Assessment | $1,109,381 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $483,574 (2024) | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
Parcel Number
4157-003-029
Land Assessment
$1,109,381 (2024)
Improvements Assessment
$483,574 (2024)
Total Assessment
$1,592,955 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2023
-
John Calvo -
Lighthouse Realty Associates
1 of 27
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2300 Artesia Bl,#A,#B,#C | 2300 Artesia Blvd
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