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$ 2,325,000
Est. payment | /mo
0.26 Acres Lot
$ 2,325,000
Est. payment | /mo
0.26 Acres Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PW26066073
HOA Y/N No
Year Built 1963
Lot Size 0.262 Acres
Property Sub-Type Retail
Property Description
921 S Pacific Coast Highway is a well-located retail investment opportunity situated along the highly trafficked Pacific Coast Highway corridor in Redondo Beach, California. Positioned on a prominent corner lot, the property benefits from strong street visibility, consistent vehicle traffic, and excellent signage exposure in one of the South Bay's most desirable coastal markets.
The property consists of two restaurant buildings totaling approximately 865 square feet, situated on an 11,401 square foot lot. Both spaces are currently leased to the same tenant, providing stable in-place income with a lease in place through April 30, 2028. The tenant's rent is $9,938 per month (effective May 1st).
The site offers approximately 18 parking spaces plus one handicap space, allowing for convenient customer access and efficient circulation. Each building features its own outdoor dining area, enhancing the usability and appeal of the space for restaurant operations. Built in 1963, the property is zoned RBC-2-PD, allowing for a variety of commercial uses.
Its strategic corner location along Pacific Coast Highway provides excellent exposure, strong demographics, and proximity to surrounding retail, residential neighborhoods, and the greater South Bay. This offering presents an attractive opportunity for investors seeking stable income in a high-demand coastal submarket with long-term upside potential.
The property consists of two restaurant buildings totaling approximately 865 square feet, situated on an 11,401 square foot lot. Both spaces are currently leased to the same tenant, providing stable in-place income with a lease in place through April 30, 2028. The tenant's rent is $9,938 per month (effective May 1st).
The site offers approximately 18 parking spaces plus one handicap space, allowing for convenient customer access and efficient circulation. Each building features its own outdoor dining area, enhancing the usability and appeal of the space for restaurant operations. Built in 1963, the property is zoned RBC-2-PD, allowing for a variety of commercial uses.
Its strategic corner location along Pacific Coast Highway provides excellent exposure, strong demographics, and proximity to surrounding retail, residential neighborhoods, and the greater South Bay. This offering presents an attractive opportunity for investors seeking stable income in a high-demand coastal submarket with long-term upside potential.
Location
State CA
County Los Angeles
Area 157 - S Redondo Bch W Of Pch
Interior
Fireplace No
Laundry None
Exterior
Total Parking Spaces 18
Building
Lot Description 2-5 Units/Acre
Story 1
Water Public
Others
Tax ID 7509003039
Special Listing Condition Standard
Listed by Woody Stahl Lyon Stahl Investment Real Est broker@lyonstahl.com, DRE #01399621
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