705 S Pacific Coast Hwy | Redondo Beach, CA 90277
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705 S Pacific Coast Hwy
Redondo Beach, CA 90277
Retail Property For Sale
Investment Highlights
- Mixed-Use Investment Opportunity – 1 Retail Store + 4 Apartment Units | No L.A. City Rent Control
- Each Apartment Unit Contains Laundry Hook-Ups & 1-Car Garage with Electric Door Openers | All Roofs Replaced Last Year
- 5.03% Current Cap Rate & 13.95 Current GRM | 6.36% Pro-Forma Cap Rate & 11.61 Pro-Forma GRM
- Located Just 5 Blocks from the Pacific Ocean | Front Retail Unit & (Four) 2-Bed/1-Bath Apartment Units in the Back
- New EV Car Chargers in All Garages | All Units with Windows & Two Units with Private Patios | 4,549-SF of Rentable SF on Large 7,369-SF Lot
- Retail Located on Major Thoroughfare of South Redondo with Great Frontage on PCH
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,549 SF
Building Class
C
Year Built
1925
Tenancy
Single
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.17 AC
Zoning
RBC-2
Parking
4 Spaces (0.88 Spaces per 1,000 SF Leased)
Amenities
- Car Charging Station
- Balcony
Property Taxes
| Parcel Number | 7508-016-019 | Improvements Assessment | $288,259 |
| Land Assessment | $717,453 | Total Assessment | $1,005,712 |
Property Taxes
Parcel Number
7508-016-019
Land Assessment
$717,453
Improvements Assessment
$288,259
Total Assessment
$1,005,712
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