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1700 S Catalina Avenue

Redondo Beach, 90277

0 Bd
0 Ba
10,567 Lot
$5,950,000 SOLD Price | Closed 10/16/24
Closed Status
88 Days on Market
May 16 First Day Active
$6,200,000 Start Price

Description

Located in the vibrant area of Riviera Village. A rare opportunity for an investor to acquire a boutique two story courtyard style commercial building with 7,792 square feet of leasable space. 5 retail store fronts with a combined 5,401 sq. ft. including two restaurants, plus 3 second level office suites (2,301 s/f). Constructed in 1981 and situated on a high visibility corner in the heart of Riviera Village with a high daily vehicle count and significant pedestrian foot traffic. The 10,567 sq. ft. parcel provides 119’ of street frontage on Catalina Ave and 85’ of frontage on Avenue I. The A+ location is just one block from the beach with a major beach access ramp at the base of Avenue I. Surrounded by high-end retail outlets, restaurants and the iconic beach front bike path. Conveniently there are 22 parking spaces in the secure gated subterranean parking garage for tenant use and an additional 5 off street spaces for customers and cliental. All units are separately metered for gas and electricity. 51.32% of the operating expenses are NNN reimbursable.

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Property Details for 1700 S Catalina Avenue

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Jay Horrell
Listing Brokered By
Horrell Realtors
Type
Commercial Sale, Retail
Year Built
1981 (Assessor)
MLS Area
157 - S Redondo Bch W of PCH

Price and MLS Information

Status
Closed | Listing History
MLS Days on Mkt.
88 DOM
Combined DOM*
88
First Date Active
May 16th, 2024
Closing Date
October 16th, 2024
Sold Price
$5,950,000
Orig. List Price
$6,200,000
MLS® #
SB24083535
APN
7511012012
Special
Trust

Room Information

Laundry
None

Exterior Information

Lot Description
Corner Lot, Irregular Lot, Rectangular Lot, Street Level, Flat
Lot Size (sq. ft.)
10,567
Lot Size (acres)
0.24
Roof
Composition
Security
SecurityGate

Utilities Information

Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Electric
ElectricityOnProperty
Water Source
Public

Additional Information

Zoning
RB C-2 Pedestrian Oriente
Co-Agent
Jessica Horrell
Co-Agent Office
Horrell Realtors

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.

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Neighborhood Information

MLS Area
157 - S Redondo Bch W of PCH
City/State
Redondo Beach
Zip Code
90277
County
Los Angeles
# of Units
7
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Listing/Price History

1700 S Catalina Avenue, Redondo Beach, (MLS® #SB24083535)

Date Details Price Change
Closed $5,950,000
Active Under Contract (from Active)
First Day Active $6,200,000
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Listing Summary

Quick Summary of 1700 S Catalina Avenue: This home in Redondo Beach is priced at $6,200,000 . The Retail residence was originally built in 1981 and was listed on May 16th, 2024 at $6,200,000, showing 88 Days on Market currently. Contact Dave Fratello today for more information or to go see 1700 S Catalina Avenue.

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Based on information from California Regional Multiple Listing Service, Inc. as of December 13th, 2024 at 7:16am PST. 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, 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.