Jeremiah Moersch REALTOR®
Office: 760-533-2540
901 Pacific Coast, Redondo Beach
$12,000,000
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0 Bed
0 Bath
1.15 Acres
0 Garage
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).
Essential Information
- MLS® #
- SB23229065
- Price
- $12,000,000
- Bathrooms
- 0.00
- Acres
- 1.15
- Year Built
- 1987
- Type
- Commercial Sale
- Sub-Type
- Office
- Status
- Active
Community Information
- Address
- 901 Pacific Coast
- Area
- 157 - S Redondo Bch W of PCH
- City
- Redondo Beach
- County
- Los Angeles
- Zip Code
- 90277
- Community Features
- Park
- Senior Community
- N
Amenities
- Waterfront
- Ocean Side Of Highway
Utilities
Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Connected, Water Connected
Interior
- Cooling
- Central Air
- # of Stories
- 2
Exterior
- Exterior
- Frame, Stucco
- Roof
- Composition, Copper
- Construction
- Frame, Stucco
Lot Description
Corner Lot, Irregular Lot, Lot Over 40000 Sqft, Landscaped, Near Park, Sprinklers Timer, Sprinkler System, Sloped Down
Additional Information
- Date Listed
- December 21st, 2023
- Days on Market
- 136
- Zoning
- RBC3
Listing Details
- Agent
- Michael Talbot
- Office
- RE/MAX Estate Properties
Property History
Price Reduced from $13,500,000 to $12,000,000
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 5th, 2024 at 11:55am 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.