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316-348 Tejon Pl 7,936 SF 100% Leased Retail Building Palos Verdes Estates, CA 90274 $3,350,000 ($422.13/SF)
Executive Summary
Coldwell Banker Commercial and Sage Real Estate Group are pleased to present a rare opportunity to acquire 316 Tejon Place
in the highly desirable Malaga Cove area of Palos Verdes Estates. This two-story commercial property is ideally located within
walking distance of the historic Malaga Cove Plaza, known for its charming boutique shops, restaurants, and neighborhood
services.The property features 16 small retail and office suites with a diverse and stable tenant mix, making it an attractive
investment opportunity. An onsite rear parking lot with 26 spaces provides convenient access for tenants and customers.The
second floor units have breathtaking ocean views, offering an attractive workspace for tenants and their clients.This property
presents an excellent opportunity for investors seeking upside potential or owner-users looking to establish their business in one
of the South Bay’s most picturesque coastal communities
in the highly desirable Malaga Cove area of Palos Verdes Estates. This two-story commercial property is ideally located within
walking distance of the historic Malaga Cove Plaza, known for its charming boutique shops, restaurants, and neighborhood
services.The property features 16 small retail and office suites with a diverse and stable tenant mix, making it an attractive
investment opportunity. An onsite rear parking lot with 26 spaces provides convenient access for tenants and customers.The
second floor units have breathtaking ocean views, offering an attractive workspace for tenants and their clients.This property
presents an excellent opportunity for investors seeking upside potential or owner-users looking to establish their business in one
of the South Bay’s most picturesque coastal communities
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,936 SF
Building Class
B
Year Built/Renovated
1956/2019
Price
$3,350,000
Price Per SF
$422.13
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.43
Lot Size
0.42 AC
Zoning
PVC*
Parking
26 Spaces (3.28 Spaces per 1,000 SF Leased)
Frontage
196’ on Tejon Pl
Amenities
- Signage
- Waterfront
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Advanced Geoscience Inc
- Professional, Scientific, and Technical Services
- -
- -
- -
- Caliente Sands LLC
- Professional, Scientific, and Technical Services
- -
- -
- -
- Cove Realty
- Real Estate
- -
- -
- -
- David M. Leeper
- Professional, Scientific, and Technical Services
- -
- -
- -
- Dr. Gregory E. Allen, Family Counseling
- Health Care and Social Assistance
- -
- -
- -
- Freedom 4 U
- Public Administration
- -
- -
- -
- Gaudet Design
- Professional, Scientific, and Technical Services
- -
- -
- -
- Infinity Technologies
- Public Administration
- -
- -
- -
- Julie Donovan Design
- Professional, Scientific, and Technical Services
- -
- -
- -
- Wrapsody
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Advanced Geoscience Inc | Professional, Scientific, and Technical Services | - | - | - | ||
| Caliente Sands LLC | Professional, Scientific, and Technical Services | - | - | - | ||
| Cove Realty | Real Estate | - | - | - | ||
| David M. Leeper | Professional, Scientific, and Technical Services | - | - | - | ||
| Dr. Gregory E. Allen, Family Counseling | Health Care and Social Assistance | - | - | - | ||
| Freedom 4 U | Public Administration | - | - | - | ||
| Gaudet Design | Professional, Scientific, and Technical Services | - | - | - | ||
| Infinity Technologies | Public Administration | - | - | - | ||
| Julie Donovan Design | Professional, Scientific, and Technical Services | - | - | - | ||
| Wrapsody | Retailer | - | - | - |
Property Taxes
| Parcel Number | 7539-016-018 | Improvements Assessment | $506,607 |
| Land Assessment | $1,111,603 | Total Assessment | $1,618,210 |
Property Taxes
Parcel Number
7539-016-018
Land Assessment
$1,111,603
Improvements Assessment
$506,607
Total Assessment
$1,618,210
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316-348 Tejon Pl
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