Redondo Plaza 555 W Redondo Beach Blvd

51,412 SF 98% Leased Office Building Gardena, CA 90248 $18,500,000 ($359.84/SF) 3.95% Cap Rate

INVESTMENT HIGHLIGHTS

  • Pride of Ownership 2 Story Office Building with 110 Freeway Visibility and Immediate Access
  • Stabilized Investment with Upside Opportunity for Rent and Development
  • Irreplaceable Los Angeles Real Estate - Minutes from Downtown LA, LAX and Beaches

EXECUTIVE SUMMARY

Jeff Galvan of Commercial Asset Group has been selected exclusively to market for sale 555 Redondo Beach Boulevard in Gardena, a 51,412 square foot multi-tenant office building situated on 2.13 acres (91,763 square feet) of land.
555 Redondo Beach Boulevard in Gardena, California. This 2 level office building complex features immense amenities both in location and investment. The property is situated on Redondo Beach Boulevard in between the 110 Freeway and McDonalds at Figueroa Avenue. Irreplaceable Freeway visible land with optimum 110 freeway visibility and access. The property is governed by the City of Los Angeles and is located in the Harbor Corridor Free Enterprise Zone allowing multiple use exemptions and civic benefits.
Built in 1982, the building is approximately 98% leased to a diverse mix of tenants that are regional and community based. Martin Luther King Jr. Community Hospital, Montes Medical Vocational Schools, SEIU Labor Union, EECI and Twinkle Tots just to name a few. Free Enterprise Zoning affords Medical and Congregational uses at the property. The building also has income from cell phone towers on the roof.
This fully stabilized asset boasts a strong history of occupancy with multiple tenants with more than a decade of tenancy, with options to extend for 3 years. Ownership currently self-manages the property. Many Tenants have lower than average base rents with potential for extension and upside. Average combined base rents of all tenants is currently approximately $1.55 per foot Gross. All leases are Modified Gross basis with a load factor for common areas of approximately 13%. New Leases signed are upward of $2.00 per foot.

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $1,091,917 $22.54
Other Income - -
Vacancy Loss - -
Effective Gross Income $1,091,917 $22.54
Taxes - -
Operating Expenses - -
Total Expenses $360,632 $7.44
Net Operating Income $731,285 $15.09

PROPERTY FACTS

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
51,412 SF
Building Class
B
Year Built/Renovated
1982/2017
Price
$18,500,000
Price Per SF
$359.84
Cap Rate
3.95%
NOI
$731,285
Percent Leased
98%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
25,706 SF
Slab To Slab
11’
Building FAR
0.54
Lot Size
2.18 AC
Zoning
C1, City of L.A. - C1 Zoning. Located within the Los Angeles Harbor Corridor Free Enterprise Zone. Special building and development credits are available.
Parking
160 Spaces (3.11 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Food Service
  • Property Manager on Site
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • 21602 Bear Valley LP
  • Real Estate
  • -
  • -
  • -
  • -
  • All Loans Funding
  • Finance and Insurance
  • -
  • $24.00
  • Modified Gross
  • Oct 2024
  • Gardena Amana Repair
  • Services
  • -
  • -
  • -
  • -
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -

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  • Educational Services
  • -
  • -
  • -
  • -
  • Martin Luther King Community Hosipital
  • -
  • -
  • -
  • Modified Gross
  • Sep 2023
  • Speech Improvement Center
  • Professional, Scientific, and Technical Services
  • -
  • $22.80
  • Modified Gross
  • Oct 2028
  • TNT Freight
  • Transportation and Warehousing
  • -
  • $20.64
  • Modified Gross
  • Oct 2026
  • World Bridge Corp
  • Wholesaler
  • -
  • -
  • -
  • Feb 2005
  • Construction
  • -
  • -
  • -
  • -

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TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
21602 Bear Valley LP Real Estate - - - -
All Loans Funding Finance and Insurance - $24.00 Modified Gross Oct 2024
Gardena Amana Repair Services - - - -
Professional, Scientific, and Technical Services - - - -
Educational Services - - - -
Martin Luther King Community Hosipital - - - Modified Gross Sep 2023
Speech Improvement Center Professional, Scientific, and Technical Services - $22.80 Modified Gross Oct 2028
TNT Freight Transportation and Warehousing - $20.64 Modified Gross Oct 2026
World Bridge Corp Wholesaler - - - Feb 2005
Construction - - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 136
  • 936 SF
  • Office
  • Partial Build-Out
  • Now

First Floor Office Space Available for Lease. Approximately 936 Square Feet of office available for lease at the 555 Redondo Beach Plaza Office Building. Large open area with One private corner office. Great access from building entry to the space.

Space Size Space Use Condition Available
1st Fl-Ste 136 936 SF Office Partial Build-Out Now

1st Fl-Ste 136

Size
936 SF
Space Use
Office
Condition
Partial Build-Out
Available
Now

PROPERTY TAXES

  • Listing ID: 34620154

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 555 W Redondo Beach Blvd, Gardena, CA 90248