Redondo Beach Retail
1501 Aviation Boulevard Redondo Beach, CA 90278
1501 Aviation Boulevard, Redondo Beach, CA, 90278
$1,950,000
For Sale
$1,950,000
Fully occupied retail property with long-term tenants in Redondo Beach.
Property Size3,887 SF
Price / SF$501.67
Days on Market400
Property Features for 1501 Aviation Boulevard
General Information
- Standard status
- Active
- Size
- 3,887 SF
Building Details
- Year Built
- 1963
Listing Agency
ARCHER INVESTMENT & CONSULTING INC.
Listed by
MELANIE ARCHER
Source
Corcoran
Added: Jun 13, 2025 Checked: Mar 16 at 9:09 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ARCHER INVESTMENT & CONSULTING INC.
Investment Insights
Based on property information with market context.
This stabilized triple net retail property is for sale in Redondo Beach, approximately 1.5 miles from Hermosa Beach. The property is fully occupied by three long-term tenants and features off-street parking and tenant improvements. Surrounded by residential neighborhoods, the location benefits from local amenities within walking distance and high traffic, enhancing visibility through signage and walkability. The tenants are well-established within the South Bay community. Pursue Coffee, a boutique coffee shop, offers a neighborhood vibe. A well-maintained smoke shop includes a private restroom. The largest tenant, a South-Bay restaurant, utilizes the space for takeout and delivery services, featuring a full kitchen, two restrooms, an eating and service area, and a reception counter. The property size is 3887 square feet.
Key Highlights
- Fully occupied triple net retail property, providing stable income.
- Located in a high‑traffic area of Redondo Beach, near residential neighborhoods.
- Features three long‑term tenants, well‑established in the South Bay community.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $131.5k | $33.84 |
| − Vacancy | −$8.7k | −$2.23 |
| EGI | $122.9k | $31.61 |
| − OpEx | −$30.7k | −$7.90 |
| NOI | $92.1k | $23.70 |
3,887 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.15M – $1.54M
NOI $92,141 @ 7.0% cap · market cap 4.73%
Second Best
Retail
$1.23M
$1.07M – $1.43M
NOI $85,998 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,676 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dog's Best Friend
Animal Training
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FAQs
What type of property is this?
Retail property - Fully occupied retail property with long-term tenants in Redondo Beach.
Where is this retail property located?
The property is located at 1501 Aviation Boulevard Redondo Beach, CA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Fully occupied triple net retail property, providing stable income.; Located in a high‑traffic area of Redondo Beach, near residential neighborhoods.; Features three long‑term tenants, well‑established in the South Bay community.
