- N/A BR
- 0 BA
- N/A SqFt.
- 8,396 Lot
- $2,460,000
- Closed
- 2/20/24
A rare opportunity for an investor or owner user to purchase a generational trophy property in the heart of Riviera Village. This property is ideally suited for an owner-user seeking premium commercial space or an investor looking for lucrative returns. The flexibility of the current tenancy allows for easy adaptation to an Owner-User’s specific needs. Or as an investor to capitalize on the Riviera Village’s high rental rate, ensuring a rewarding long-term investment. This property is a NNN offering with $364,000 current NOI. In 2025 the annual rental income increases to $386,615 providing a 5% cap rate.
This Jewel Box was constructed in 2008, the newest built retail space offered for sale in Riviera Village in decades. Consisting of 5,265 square feet of prime versatile retail space. A restaurant occupies 2,041 sq. ft. A retail store front occupies the remaining space which could be divided to create two separate retail store fronts. Positioned on a high visibility corner, four (4) parcels totaling 14,430 square feet with a combined 125 feet of frontage on Catalina Avenue and Elena Ave. The property enjoys heightened visibility and foot traffic, ensuring constant exposure to a vibrant customer base. Convenience and accessibility are at the forefront with twenty one (21) parking spaces, making it easy for customers to visit this high-profile walking street location. Riviera Village in Redondo Beach, California is a charming and vibrant destination that perfectly encapsulates the city’s laid-back coastal lifestyle and unique blend of urban sophistication.
The “Village” is not just about shopping; it’s also a culinary destination. A diverse range of restaurants and cafes, with inviting outdoor seating, cater to a variety of tastes. Whether you’re in the mood for artisanal coffee, international cuisine, or farm-to-table dining, you’ll find many options.
PLEASE DO NOT DISTURB THE TENANTS.
* 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.
1870 S Elena Avenue, Redondo Beach, (MLS® #SB24036864)
Date | Details | Price | Change |
---|---|---|---|
First Day Active | $7,700,000 | – |
Quick Summary of 1870 S Elena Avenue: This home in Redondo Beach is priced at $7,700,000 . The Retail residence was originally built in 2008 and was listed on March 12th, 2024 at $7,700,000, showing 51 Days on Market currently. Contact Dave Fratello today for more information or to go see 1870 S Elena Avenue.
Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 3:50pm PDT. 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.