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
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
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$22.54
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
$1,091,917
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$22.54
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Taxes |
-
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-
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Operating Expenses |
-
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-
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Total Expenses |
$360,632
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$7.44
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Net Operating Income |
$731,285
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$15.09
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PROPERTY FACTS
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
- -
- -
- -
- -
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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
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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 | - | - | - | - | |
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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 | |
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Construction | - | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
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
Parcel Number | 6120-028-006 | Improvements Assessment | $2,825,036 (2024) |
Land Assessment | $3,259,660 (2024) | Total Assessment | $6,084,696 (2024) |