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    717 Torrance Boulevard

    Redondo Beach, CA 90277
    • $1,649,000
    • STATUS: Active
    • ON SITE: 141 days
    • ID#: SB20131827
    UPDATED: 38 min ago
    $1,649,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,067
      SQFT
    • $538
      $/SQFT
    Type:
    Commercial
    Built:
    1967
    County:

    School Ratings & Info

    Description

    715-717 Torrance Blvd, is located in the heart of South Redondo. A rare opportunity for an Investor or Owner User to purchase a Generational Commercial Building offered for sale for the first time by the original Owner/Developer. Situated on a 7,424 sq. ft. lot zoned C-2. Originally developed in 1967 as three contiguous retail store fronts totaling 3,067 square feet. Each of the three spaces features a restroom, front entry, rear entry and are individually metered for gas and electric. The subject property is located less than a mile from the Redondo Beach Pier, Marina and King Harbor. This property allows an investor to obtain yield growth through rental rate adjustments based on property enhancements. +G- Prime South Redondo Location with Significant Appreciation Aspects +G- Substantial Rental Income Upside Potential +G- 109 feet of street frontage.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-26T17:25:47.557. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

    www.hartcoastal.com/homes/107586508
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    717 Torrance Boulevard Redondo Beach, CA 90277

    • Price: $1,649,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: SB20131827
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,067
    SQFT
    $538
    $/SQFT
    1967
    Built
    Neighborhood:
    155 - S Redondo Bch N of Torrance Bl
    County:
    Los Angeles
    Area:
    155 - S Redondo Bch N of Torrance Bl
    Property Description
    715-717 Torrance Blvd, is located in the heart of South Redondo. A rare opportunity for an Investor or Owner User to purchase a Generational Commercial Building offered for sale for the first time by the original Owner/Developer. Situated on a 7,424 sq. ft. lot zoned C-2. Originally developed in 1967 as three contiguous retail store fronts totaling 3,067 square feet. Each of the three spaces features a restroom, front entry, rear entry and are individually metered for gas and electric. The subject property is located less than a mile from the Redondo Beach Pier, Marina and King Harbor. This property allows an investor to obtain yield growth through rental rate adjustments based on property enhancements. +G- Prime South Redondo Location with Significant Appreciation Aspects +G- Substantial Rental Income Upside Potential +G- 109 feet of street frontage.
    Exterior Features

    Construction Materials BlockDrywall WallsFrameStucco Lot Features Corner LotLevel With StreetRectangular LotNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet Parking Total 11.00 Roof Composition Uncovered Spaces 11.00

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Asset Class Retail Building Area Units Square Feet Building Status Existing Business Type RetailSingle-TenantStand-Alone Country Us Current Financing None Electric Electricity - On Property Expense Year 2019 Gross Scheduled Income 37560.00 Insurance Expense 800.00 Investment Property YN Yes Land Lease YN No Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 1 Occupancy Occupied Property Sub Type Retail Real Estate Tax Expense 3388.00 Retail Center Type Community/Specialty Retail Square Footage 3067 Special Listing Conditions Standard Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 600.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Jay Horrell of Horrell Realtors


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-26T17:25:47.557. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

     
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