The PropertyWork team led by Vinnie Park of Coldwell Banker has been exclusively selected to market for sale 716 S Pacific Coast Hwy Redondo Beach CA 90277, Pacific Coast Inn. 716 S Pacific Coast Hwy consists of a unique recently upgraded 22 Room Motel including detached 2 bedrooms 1 bath Penthouse situated on the iconic PCH, with approximately 15,003 square feet of land and located only blocks of walking distance to the sand and waves.
716 S Pacific Coast Hwy is a unique beach property that has 17 single bedrooms and 3 double bedrooms with private bathrooms but no kitchen. Detached Penthouse is a 2 bedroom master suite with a fully renovated kitchen and bathroom. All the rooms include free high-speed wireless internet featuring hundreds of Directv channels on a wall-mounted LCD/LED TV, work desk, and fridge. All room doors are equipped with electronic card-key access mechanisms.
This offering is an investor’s once-in-a-lifetime opportunity to acquire a 22 room motel in Redondo Beach with an expected CAP rate of above 10% when fully occupied at market rates in addition to being a trophy asset in Los Angeles County Beach. With most of the upgrades recently done, this is a turn-key investment for any entrepreneur or experienced hotelier that will bring tremendous cash flow.
Pacific Coast Inn is located in the most desirable and upscale neighborhood in South Redondo Beach and boasts a prime AAA location on the iconic Pacific Highway surrounded by Torrance, Hermosa Beach, and Palos Verdes with many homes valued at $5 million dollars and above. Located just blocks from the beach and with close proximity to thriving Silicon Beach. It is in an affluent and safe neighborhood in one of the most desirable submarkets in Los Angeles County Beach. This motel features a timeless design with a sunny California beach lifestyle and awe-inspiring sunsets. Guests enjoy this amazing location near award-winning schools, delicious restaurants, world-class beaches, and parks. 716 S Pacific Coast Hwy is only 5 min drive from South Bay landmark Redondo Pier which is expecting to get a complete make-over, 8 miles away from LAX, and just 3 min drive to beautiful Riviera Village. A clear view of mesmerizing Palos Verdes Hill is an added bonus.
