229 Avenue I $8,950,000

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    229 Avenue I Redondo Beach, CA 90277

    • 10,480 sq. ft.
    • 0.40 Acres
    • Commercial Sale
    • MLS# SB21003869
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    Views: 279 Days On Market: 131

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    Property Details

    Located in the gateway to Riviera Village, Redondo Beach's most prestigious retail/office area, this 3 story jewel is a generational treasure. It stands just 2 short blocks to Redondo's Esplanade oceanfront. The building includes plentiful ground level and restricted underground parking. Solid long term leases ensure stable income. The entire internal and external space have recently been fashionably updated/remodeled (1st floor still in progress for new tenant), including the elevator. Some spaces feature ocean views and decks. Rooftop cellular sites contribute substantially to income with no owner maintenance at all. This property has never been on the open market since construction and represents a unique opportunity to secure an iconic position in one of the Beach Cities top commercial zone.

    • General Features
      • Buyer Compensation $ 100000.000
      • County Or Parish Los Angeles
      • Number Of Units Total 5
      • Year Built 1987
    • Building Features
      • Cooling Central Air,Zoned
      • Electric Electricity - On Property
      • Heating Forced Air,Electric
      • Laundry Features None
      • Roof Composition
    • Property Features
      • Lot Features Lot 10000-19999 Sqft,Level,Near Public Transit,Sprinkler System,Sprinklers In Front
      • Lot Size Acres 0.39

    Contact

    Daniel Assayag

    Daniel Assayag

    Global Real Estate Advisor

    DRE# 01762501

    Catalina

    Mobile Phone: 310-493-2100

    Neighborhood

    90277 (Redondo Beach) Demographics

    43 Median Age
    9,825 Population Density (per sq. mile)
    69% College Educated
    $99,358 Estimated Median Income
    7,148 Estimated Total Home Owners
    8,863 Estimated Total Renters
    45% / 55% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    35,204 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,305,000 Median Sales Price
    40 Homes Sold
    43 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $8,950,000
        4/10/2021 12:24:30 PM Price Reduced Source New Value: $8,950,000 -3.24%
        1/7/2021 5:28:00 PM New in Database Source New Value: $9,250,000

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        Based on information from California Regional Multiple Listing Service, Inc. as of 5/18/2021 3:48:51 PM. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.