832 Torrance Boulevard
Redondo Beach, CA 90277
0.21 acres | #PW25124538
Description
This is a rare opportunity to acquire a flexible, mixed-used portfolio consisting of three contiguous parcels totaling 9,127 sq ft on a prime corner in South Redondo Beach. Located just blocks from the Redondo Beach pier and esplanade, the site is walkable to premier retail, dining, and entertainment options.
824-830 Torrance Blvd is a two-story mixed-use building with two commercial units on the first level and two residential units on the second level.
832 Torrance Blvd is a standalone oversized commercial structure currently used a media studio.
301 S Lucia Ave is a detached single-family residence with a private parking area and outdoor space.
Three of the units are leased to long-term tenants on flexible, market-rate leases. The other three units can be delivered vacant.
This property is ideal for investors seeking a 5% CAP rate from day one, owner-users desiring a live/work setup, or developers considering future repositioning under C2 zoning.
Please see the attached Offering Memorandum for further details.
Property Details
- Utility FeaturesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
- Lot DescriptionCornerLot, Level, NearPublicTransit
- CountyLos Angeles
- Original List Price$2,975,000
- MLS #PW25124538
- MLS #PW25124538
- Property TypePurchase
- Property SubtypeMixedUse
- Cost2975000
- Acres0.2095
- Utility SourcePublic
- Year Built1935
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Chris Barker (#PWBAKECHR)
Listing Office: Yorkshire Realty (#PB18050)
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