705 S Pacific Coast Hwy
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705 S Pacific Coast Hwy
4,549 SF Retail Building Redondo Beach, CA 90277 $2,199,000 ($483/SF) 5.03% Cap Rate
Investment Highlights
- Mixed-Use Investment Opportunity – 1 Retail Store + 4 Apartment Units | No L.A. City Rent Control
- Each Apartment Unit Contains Laundry Hook-Ups & 1-Car Garage with Electric Door Openers | All Roofs Replaced Last Year
- 5.03% Current Cap Rate & 13.95 Current GRM | 6.36% Pro-Forma Cap Rate & 11.61 Pro-Forma GRM
- Located Just 5 Blocks from the Pacific Ocean | Front Retail Unit & (Four) 2-Bed/1-Bath Apartment Units in the Back
- New EV Car Chargers in All Garages | All Units with Windows & Two Units with Private Patios | 4,549-SF of Rentable SF on Large 7,369-SF Lot
- Retail Located on Major Thoroughfare of South Redondo with Great Frontage on PCH
Executive Summary
Don’t miss out on this incredible mixed-use investment opportunity in the heart of South Redondo Beach! This property features a front retail unit with excellent visibility on the major thoroughfare of Pacific Coast Highway, plus four spacious 2-bedroom, 1-bath apartment units in the back. Each apartment comes with its own laundry hook-ups and a 1-car garage with an electric door opener. Enjoy the added convenience of new EV car chargers in all garages and recently replaced roofs for peace of mind. The 2-bedroom house with a private patio is the perfect bonus for extra income or owner-occupancy. Located just 5 blocks from the Pacific Ocean and less than a mile from the vibrant Riviera Village and Redondo Beach Pier, this property offers both a prime location and huge potential. With NO LA City rent control, this is the perfect opportunity to maximize your investment in one of California's most desirable coastal communities!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,549 SF
Building Class
C
Year Built
1925
Price
$2,199,000
Price Per SF
$483
Cap Rate
5.03%
NOI
$110,648
Tenancy
Single
Building Height
2 Stories
Building FAR
0.62
Land Acres
0.17 AC
Zoning
RBC-2
Parking
4 Spaces (0.88 Spaces per 1,000 SF Leased)
Amenities
- Car Charging Station
- Balcony
Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (71)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 7508-016-019 | Improvements Assessment | $282,607 |
| Land Assessment | $703,386 | Total Assessment | $985,993 |
PROPERTY TAXES
Parcel Number
7508-016-019
Land Assessment
$703,386
Improvements Assessment
$282,607
Total Assessment
$985,993
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Gianluca Jacoli -
Shield Commercial Real Estate
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705 S Pacific Coast Hwy
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