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    1913 S Catalina Avenue

    Redondo Beach, CA 90277
    • $2,100,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: SB21149324
    UPDATED: 240 min ago
    $2,100,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1952
    County:

    School Ratings & Info

    Description

    Prime - Prime - Prime location with a solid long term tenant with a triple net lease located on the main commercial corridor of the Riviera Village; a local commercial haven with upscale restaurants, cafes, local bars, boutique retails store and professional offices - all within two blocks of the beach and surrounded by a high end residential communities (Palos Verdes - Hollywood Riviera - Redondo Beach - Torrance) . No landlord responsibilities, the tenant pays all the operating expenses including property taxes - TRIPLE NET lease with a 5 yr option to renew (renewal date 3/01/2022 at new market rates). Offered at a 3.7% cap rate, immediately giving an investor a fair solid return with the opportunity to capitalize on possibly stronger market conditions next year. Current tenant, Catalina Cooking store has expressed a desire to exercise 5 year option next year. The business community is very active with numerous events sponsored through-out the year.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T00:37:00.417. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
    www.desertareahomesforsale.com/homes/119134076
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    1913 S Catalina Avenue Redondo Beach, CA 90277

    • Price: $2,100,000
    • Status: Active
    • Updated: 240 min ago
    • MLS #: SB21149324
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1952
    Built
    Neighborhood:
    157 - S Redondo Bch W of PCH
    County:
    Los Angeles
    Area:
    157 - S Redondo Bch W of PCH
    Property Description
    Prime - Prime - Prime location with a solid long term tenant with a triple net lease located on the main commercial corridor of the Riviera Village; a local commercial haven with upscale restaurants, cafes, local bars, boutique retails store and professional offices - all within two blocks of the beach and surrounded by a high end residential communities (Palos Verdes - Hollywood Riviera - Redondo Beach - Torrance) . No landlord responsibilities, the tenant pays all the operating expenses including property taxes - TRIPLE NET lease with a 5 yr option to renew (renewal date 3/01/2022 at new market rates). Offered at a 3.7% cap rate, immediately giving an investor a fair solid return with the opportunity to capitalize on possibly stronger market conditions next year. Current tenant, Catalina Cooking store has expressed a desire to exercise 5 year option next year. The business community is very active with numerous events sponsored through-out the year.
    Exterior Features

    Construction Materials Stucco Entry Level 1 Fencing Wood Lot Features Near Public TransitStreet LevelZero Lot LineFlat Roof Composition Sign On Property YN No Topography Level

    Interior Features

    Heating Forced Air Heating YN Yes

    Property Features

    Additional Parcels YN No Business Type RetailSingle-Tenant Cap Rate 3.7 Common Interest None Electric Electricity - On Property Gross Scheduled Income 78228 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 78228 Number Of Units Leased 1 Operating Expense 0 Property Sub Type Retail Security Features Smoke Detector(S) Special Listing Conditions Standard Utilities Electricity ConnectedNatural Gas ConnectedPhone Connected Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Source Public Zoning Rbc-2-Pd(Riv)

    Listing provided courtesy of Michael Talbot of Re/Max Estate Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T00:37:00.417. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
     
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