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Redondo Plaza 555 W Redondo Beach Blvd 51,412 SF 97% Leased Office Building Gardena, CA 90248 For Sale
Investment Highlights
- Pride of Ownership 2 Story Office Building with 110 Freeway Visibility and Immediate Access
- Stabilized Investment with Upside Opportunity for Rent and Development
- Irreplaceable Los Angeles Real Estate - Minutes from Downtown LA, LAX and Beaches
Executive Summary
Jeff Galvan of Commercial Asset Group has been selected exclusively to market for sale 555 Redondo Beach Boulevard in Gardena, a 51,412 square foot multi-tenant office building situated on 2.13 acres (91,763 square feet) of land.
555 Redondo Beach Boulevard in Gardena, California. This 2 level office building complex features immense amenities both in location and investment. The property is situated on Redondo Beach Boulevard in between the 110 Freeway and McDonalds at Figueroa Avenue. Irreplaceable Freeway visible land with optimum 110 freeway visibility and access. The property is governed by the City of Los Angeles and is located in the Harbor Corridor Free Enterprise Zone allowing multiple use exemptions and civic benefits.
Built in 1982, the building is approximately 98% leased to a diverse mix of tenants that are regional and community based. Martin Luther King Jr. Community Hospital, Montes Medical Vocational Schools, SEIU Labor Union, EECI and Twinkle Tots just to name a few. Free Enterprise Zoning affords Medical and Congregational uses at the property. The building also has income from cell phone towers on the roof.
This fully stabilized asset boasts a strong history of occupancy with multiple tenants with more than a decade of tenancy, with options to extend for 3 years. Ownership currently self-manages the property. Many Tenants have lower than average base rents with potential for extension and upside. All leases are Modified Gross basis with a load factor for common areas of approximately 13%. New Leases signed are upward of $2.00 per foot.
555 Redondo Beach Boulevard in Gardena, California. This 2 level office building complex features immense amenities both in location and investment. The property is situated on Redondo Beach Boulevard in between the 110 Freeway and McDonalds at Figueroa Avenue. Irreplaceable Freeway visible land with optimum 110 freeway visibility and access. The property is governed by the City of Los Angeles and is located in the Harbor Corridor Free Enterprise Zone allowing multiple use exemptions and civic benefits.
Built in 1982, the building is approximately 98% leased to a diverse mix of tenants that are regional and community based. Martin Luther King Jr. Community Hospital, Montes Medical Vocational Schools, SEIU Labor Union, EECI and Twinkle Tots just to name a few. Free Enterprise Zoning affords Medical and Congregational uses at the property. The building also has income from cell phone towers on the roof.
This fully stabilized asset boasts a strong history of occupancy with multiple tenants with more than a decade of tenancy, with options to extend for 3 years. Ownership currently self-manages the property. Many Tenants have lower than average base rents with potential for extension and upside. All leases are Modified Gross basis with a load factor for common areas of approximately 13%. New Leases signed are upward of $2.00 per foot.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
51,412 SF
Building Class
B
Year Built
1982
Percent Leased
97%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
25,706 SF
Slab To Slab
11’
Building FAR
0.54
Lot Size
2.18 AC
Zoning
C1, City of L.A. - C1 Zoning. Located within the Los Angeles Harbor Corridor Free Enterprise Zone. Special building and development credits are available.
Parking
160 Spaces (3.11 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Food Service
- Property Manager on Site
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
First Floor Office Space Available for Lease. Approximately 936 Square Feet of office available for lease at the 555 Redondo Beach Plaza Office Building. Large open area with One private corner office. Great access from building entry to the space.
Second Floor Space coming available on May 1st, 2025.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 136 | 936 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 247 | 726 SF | Office | Full Build-Out | Now |
1st Fl-Ste 136
| Size |
| 936 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 247
| Size |
| 726 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 136
| Size | 936 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
First Floor Office Space Available for Lease. Approximately 936 Square Feet of office available for lease at the 555 Redondo Beach Plaza Office Building. Large open area with One private corner office. Great access from building entry to the space.
2nd Fl-Ste 247
| Size | 726 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Second Floor Space coming available on May 1st, 2025.
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Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 6120-028-006 | Improvements Assessment | $2,881,536 |
| Land Assessment | $3,324,853 | Total Assessment | $6,206,389 |
Property Taxes
Parcel Number
6120-028-006
Land Assessment
$3,324,853
Improvements Assessment
$2,881,536
Total Assessment
$6,206,389
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Contact the Sale Advisor
Redondo Plaza | 555 W Redondo Beach Blvd