Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    165 Palos Verdes Blvd Redondo Beach, CA 90277

    For Sale
    $2,950,000

    Commercial Sale - Redondo Beach, CA

    Property size:
    2,500 SF
    Days on Market:
    45
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 165 Palos Verdes Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    7511013014
    Size
    2,500 SF

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Year built
    1964
    Architectural style
    Other

    West Shores Realty (310) 541-8000 [email protected]

    Listing agent George Takis (310) 541-8000 License #01126091

    Listing date Oct 23, 2025

    MLS# SB25246303 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Riviera Village Landmark Building

    This iconic two-story landmark building, known as "The Pillbox Pharmacy," is situated on the northwest corner of Via Valencia and Palos Verdes Boulevard in Redondo Beach, CA. The property occupies a prominent corner lot, offering unobstructed views of Riviera Village and the Palos Verdes Peninsula. The downstairs space, comprising an open area with front and back entrances, a restroom, and office space, will be vacant by the end of October 2025. The upstairs area is currently leased to a church for its office. Additionally, a corner suite upstairs features a private entrance and balcony, separate from the church office. The second floor provides clear space with two restrooms, a breakroom/kitchenette, and a private entrance. The building offers a potential redevelopment project. The property size is 2500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    health mart Pharmacy Amazon Counter - Health ... Mailing Service Pill Box Drug Pharmacy

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    health mart, Ralphs Pharmacy, Suhee Kim, PharmD, Pill Box Drug, Bodyology Sculpting

    Location Insight

    • Map
    • Local Demand
    City
    Redondo Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.385178
    Latitude
    33.8171957

    Nearby Similar for Sale

    • $3,250,000
      4,000 SF

      Redondo Beach Commercial Corner Lot

      Prime commercial lot on Pacific Coast Highway with high visibility.
      901 S Pacific Coast -909, Redondo Beach, CA 90277
      View Details
    • $2,850,000
      4,150 SF

      Redondo Beach Single Family Residence

      New construction single family home with ADU near the beach.
      1011 S Prospect Ave, Redondo Beach, CA 90277
      View Details
    • $1,698,000
      2,438 SF

      Redondo Beach Duplex Opportunity

      Duplex in desirable location with two units and yards.
      522 Avenue F, Redondo Beach, CA 90277
      View Details
    • New
      $1,925,000
      Pending

      Redondo Beach Coastal Compound

      Three detached beach homes near the Redondo Beach Pier.
      220 S Broadway, Redondo Beach, CA 90277
      View Details
    • $1,599,000
      Pending

      Redondo Beach Triplex Investment Opportunity

      Well-maintained triplex in North Redondo Beach near schools and amenities.
      2508 Aviation Blvd, Redondo Beach, CA 90278
      View Details
    • $2,599,000
      Pending

      Redondo Beach Quadruplex Investment Opportunity

      Four-unit complex in North Redondo Beach, fully tenant occupied.
      2217 Voorhees Ave, Redondo Beach, CA 90278
      View Details

    FAQs

    What type of property is this?
    Drug store - Rare opportunity in Redondo Beach's Riviera Village.
    Where is this drug store located?
    The property is located at 165 Palos Verdes Blvd Redondo Beach, CA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Iconic Riviera Village Landmark Building: A rare and recognizable property in a desirable location.; - Prominent Corner Location: Situated on a highly visible corner lot with unobstructed views.; - Redevelopment Opportunity: Presents a fantastic opportunity for redevelopment or owner-user.
    (310) 541-8000
    Request Owner's contact information
    165 Palos Verdes Blvd Redondo Beach, CA 90277
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    165 Palos Verdes Blvd
    Redondo Beach, CA 90277
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    165 Palos Verdes Blvd Redondo Beach, CA 90277
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.