Sold

229 Avenue I

Redondo Beach CA, 90277

$7,600,000


$725.19 per sqft

Sold

10,480 sqft

Commercial

Built in 1987

Listed by Jim Menton with The Realestate Group 310-540-0072

Located in the gateway to Riviera Village, Redondo Beach's most prestigious retail/office area, this 3 story jewel is a generational treasure. It stands just 2 short blocks to Redondo's Esplanade oceanfront. The building includes plentiful ground level and restricted underground parking. Solid long term leases ensure stable income. The entire internal and external space have recently been fashionably updated/remodeled (1st floor still in progress for new tenant), including the elevator. Some spaces feature ocean views and decks. Rooftop cellular sites contribute substantially to income with no owner maintenance at all. This property has never been on the open market since construction and represents a unique opportunity to secure an iconic position in one of the Beach Cities top commercial zone.

SB21003869

MLS ID

January 7, 2021

Listed

February 16, 2024

Updated

Map

229 Avenue I
Redondo Beach CA, 90277

Interior Features

Total Stories

3


Laundry Description

None


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Zoned


Heating

Yes


Heating Description

Electric, Forced Air

Exterior/Building Features

Lot Size

0.4 Acres


Lot Features

Sprinklers In Front, Level, Near Public Transit, Sprinkler System


Roof

Composition

Other Property Details

Area Name

128 - Hollywood Riviera


Days on Market

733


Garage

No


View

No


County

Los Angeles


Water Source

Public


Pool

No


Buyer Agency Compensation

100,000%

Listing Contact: 310-540-0072 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 3:58 AM UTC

 

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