Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    165 Palos Verdes Redondo Beach, CA 90277

    View on Map
    For Sale
    $2,395,000

    Commercial Sale - Redondo Beach, CA

    Property size:
    2,500 SF
    Added:
    Oct 23, 2025
    Days on Market:
    162
    Last Refresh:
    Apr 2 at 1:06 am

    Property Features for 165 Palos Verdes

    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

    We can help!

    Listing Contact
    George Takis

    Listing agent George Takis License #01126091

    Listing office West Shores Realty, Inc. 500 Silver Spur Rd # 207, Rolling Hills Estates, CA

    Listing date Oct 23, 2025

    MLS# SB25246303 Listing URL

    Copyright © 2026 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 Riviera Village landmark building, known as "The Pillbox Pharmacy", offers a prominent location on the northwest corner of Via Valencia and Palos Verdes Boulevard. Situated on a street-to-alley corner lot, the property provides an unobstructed view overlooking Riviera Village and the Palos Verdes Peninsula. This two-story structure presents a fantastic opportunity for an owner-user or redevelopment project. The downstairs area, comprising 2500 square feet, will be vacant by the end of October 2025. The upstairs is currently leased to a church for its office. A corner suite upstairs, separate from the church office, features a private entrance and balcony. The second floor offers clear space with two restrooms, a breakroom/kitchenette, and a private entrance. The downstairs area includes an open space with two entrances (front and back), a restroom, and office space. Located in Redondo Beach, Los Angeles County, California.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

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

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Similar Places Nearby

    • Mirador redondo Belcy — 387 Paseo De La Playa, Redondo Beach, CA 90277
    • Magical Blooms - Jenny Barker The Flower Doctor — 1417 S Pacific Coast Hwy, Redondo Beach, CA 90277
    • Rolling Hills Flower Mart — 231 Vista Del Mar, Redondo Beach, CA 90277
    • My Little Pony — 5924 S Pacific Coast Hwy, Redondo Beach, CA 90277

    Location Insight

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

    Nearby Similar for Sale

    • $4,200,000
      7,235 SF

      New Construction Multifamily in Redondo Beach

      New 5-unit property in North Redondo Beach with modern finishes.
      2707 Ruhland, Redondo Beach, CA 90278
      View Details
    • $2,795,000
      5,124 SF

      Redondo Beach Quadruplex with Decks

      Spacious four-unit building with rooftop decks near beach.
      118 S Lucia, Redondo Beach, CA 90277
      View Details
    • $3,199,999
      5,130 SF

      Redondo Beach Multifamily Investment

      Rare multifamily property in desirable South Redondo Beach location.
      523 Avenue G, Redondo Beach, CA 90277
      View Details
    • $2,600,000
      5,032 SF

      Redondo Beach Quadruplex Investment

      Well-maintained Redondo Beach quadruplex with income potential.
      1925 Gates, Redondo Beach, CA 90278
      View Details
    • $2,250,000
      4,930 SF

      Redondo Beach Remodeled Fourplex

      Remodeled four-unit building in desirable South Redondo Beach location.
      1317 Beryl Street, Redondo Beach, CA 90277
      View Details
    • $1,899,000
      2,564 SF

      Redondo Beach Quadruplex Investment Opportunity

      Four-unit income property in a desirable location.
      2304 Voorhees, Redondo Beach, CA 90278
      View Details
    • $1,899,000
      2,564 SF

      Redondo Beach Quadruplex Investment Opportunity

      Four-unit income property in North Redondo Beach with redevelopment potential.
      2304 Voorhees Ave, Redondo Beach, CA 90278
      View Details
    • $2,600,000
      5,032 SF

      Redondo Beach Quadruplex Investment

      Well-maintained Redondo Beach quadruplex with income potential.
      1925 Gates, Redondo Beach, CA 90278
      View Details
    • $2,350,000
      4,917 SF

      Redondo Beach Four-Unit Income Property

      Four-unit income property in a prime coastal location.
      2220 Huntington Lane, Redondo Beach, CA 90278
      View Details
    • $2,399,900
      2,261 SF

      Redondo Beach Retail/Office Space

      Retail and office space in prime Redondo Beach location.
      512 N Pacific Coast Highway, Redondo Beach, CA 90277
      View Details
    • $2,599,000
      4,645 SF

      Redondo Beach Quadruplex Investment

      Updated quadruplex in North Redondo Beach with strong rental income.
      2217 Voorhees Avenue, Redondo Beach, CA 90278
      View Details
    • $2,500,000
      4,132 SF

      North Redondo Beach Multifamily Investment

      Five-unit property in North Redondo Beach, ideal for investors.
      2227 Mathews Avenue, Redondo Beach, CA 90278
      View Details

    FAQs

    What type of property is this?
    Storefront property - Rare opportunity in Redondo Beach's Riviera Village.
    Where is this storefront property located?
    The property is located at 165 Palos Verdes Redondo Beach, CA.
    What is the asking price?
    The asking price for this property is $2,395,000.
    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) 698-2568
    We can help!
    Listing Contact
    George Takis
    Real Estate License ID: 01126091
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!