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$2,975,000

Est. payment - /mo

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9,125 Sqft Lot

New

824 Torrance Redondo Beach, CA 90277

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

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Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25124572

HOA Y/N No

Year Built 1935

Lot Size 9,125 Sqft

Property Sub-Type Mixed Use

Property 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.

Location

State CA

County Los Angeles

Area 156 - S Redondo Bch S Of Torrance Bl

Interior

Fireplace No

Laundry Inside

Exterior

Parking Features Assigned, Carport, Driveway, Garage, On Site

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, Curbs, Gutter(s), Suburban, Sidewalks, Urban

Total Parking Spaces 8

Private Pool No

Building

Lot Description Corner Lot, Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7506017012

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by Chris Barker • Yorkshire Realty • chris@yorkshirere.com

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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