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901 N Pacific Coast

Redondo Beach, 90277

0 Bd
0 Ba
50,200 Lot
$12,000,000 Current Price
Active Status
133 Days on Market
Dec 21 First Day Active
$13,500,000 Start Price

Description

The current list price is $12,000,000 while the parking structure renovation is underway during the Spring of 2024 with an anticipated completion date in the summer. Once the project is complete, all the units are leased and new lease terms have been secured with current tenants then the price will be increased to $13,500,000 or more. (This is a value add opportunity, ideal for an owner user or investor). The seller may consider an adjusted price point for an as is offer while improvements are being completed. Owner financing maybe considered for a qualified buyer with terms to be determined for a possible long term commitment.



A High traffic signalized corner located at the gateway to the beach communities of Redondo and Hermosa Beach. Easy to show lock box on second floor - call listing agent for an accompanied tour or go at your leisure from 9 to 4:30 (elevator and stair well are locked after hours).

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Property Details for 901 N Pacific Coast

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
Michael Talbot
Listing Brokered By
RE/MAX Estate Properties
Type
Commercial Sale, Office
Year Built
1987 (Assessor)
MLS Area
157 - S Redondo Bch W of PCH

Price and MLS Information

Status
Active | Listing History
MLS Days on Mkt.
133 DOM
Combined DOM*
455
First Date Active
December 21st, 2023
Current Price
$12,000,000
Orig. List Price
$13,500,000
MLS® #
SB23229065
APN
7503014016
Special
Standard

Home Interior Information

Cooling
Central Air

Room Information

Laundry
None

Exterior Information

Lot Description
Corner Lot, Irregular Lot, Landscaped, Lot Over 40000 Sqft, Near Park, Sloped Down, Sprinklers Timer, Sprinkler System
Lot Size (sq. ft.)
50,200
Lot Size (acres)
1.15
Roof
Composition, Copper
Security
FireSprinklerSystem, SmokeDetectors

Utilities Information

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

Additional Information

Zoning
RBC3
Buyer's Brokerage Fee
2.000

* 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
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Listing/Price History

901 N Pacific Coast, Redondo Beach, (MLS® #SB23229065)

Date Details Price Change
Price Reduced (from $13,500,000) $12,000,000 $1,500,000 (11.11%)
First Day Active $13,500,000
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Listing Summary

Quick Summary of 901 N Pacific Coast: This home in Redondo Beach is priced at $12,000,000 . The Office residence was originally built in 1987 and was listed on December 21st, 2023 at $13,500,000, showing 133 Days on Market currently. Contact Dave Fratello today for more information or to go see 901 N Pacific Coast.

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Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 2:40pm 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.