1010 S Pacific Coast Hwy 4,404 SF Vacant Retail Building Redondo Beach, CA 90277 $3,500,000 ($794.73/SF) 3.09% Cap Rate

OCAP Real Estate & Financial is proud to present the opportunity to acquire 1010 South Pacific Coast Highway, a well-located mixed-use office and retail investment property situated along one of the South Bay’s most prominent commercial corridors. This 6-unit property totaling approximately 4,404 square feet on a 5,438 square foot lot offers investors and owner-users a rare opportunity to acquire a modernized coastal asset with leasing upside in the highly desirable Redondo Beach market.
Originally built in 1971 and substantially upgraded in 2020, the property features modern improvements including new electrical, plumbing, HVAC systems, roof, flooring, staircases, bathrooms, high-speed internet infrastructure, and private balconies for office tenants. The building is configured with two (2) ground floor retail suites and four (4) second-floor office suites, offering flexibility for both investors and owner-users.
The offering presents a compelling value-add opportunity with leasing upside through vacancy stabilization and rent growth to market levels. Several suites may be delivered vacant, allowing a buyer flexibility for an owner-user strategy or to reposition the asset to maximize returns.
Strategically located on Pacific Coast Highway, the property benefits from strong daily traffic counts, excellent visibility, and proximity to major South Bay demand drivers including Riviera Village, Redondo Beach Pier, Hermosa Beach, Manhattan Beach, and the South Bay Galleria. The surrounding area is characterized by strong demographics, high household incomes, and continued demand for professional and retail space near the coast.
This offering represents an opportunity to acquire a renovated, well-located coastal commercial asset with income growth potential in one of Los Angeles County’s most supply-constrained beach communities.