Redondo Beach Retail
For Sale
$1,950,000
1501 Aviation Boulevard, Redondo Beach, CA 90278
Fully occupied retail property with long-term tenants in Redondo Beach.
Property Size3,887 SF
Price / SF$501.67
Days on Market438
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
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,141
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,842,820
$1.8M
Cap Rate 7%
$1,316,300
$1.3M
Cap Rate 9%
$1,023,789
$1.0M
Market Conditions
NOI Build-Up for 3,887 SF
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.
Gross rent
$131.5K $33.84/SF
− Vacancy
−$8.7K −$2.23/SF
EGI
$122.9K $31.61/SF
− OpEx
−$30.7K −$7.90/SF
NOI
$92.1K $23.70/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,842,820
Cap Rate 7%
$1,316,300
Cap Rate 9%
$1,023,789
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,644
Businesses Nearby
119k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 35%
Superstores 19%
Electronics 2%
Chick-fil-A
Dining
27,731 visits/mo
0.4 miles
Big Lots
Superstores
22,884 visits/mo
0.3 miles
Shell
Shops & Services
20,996 visits/mo
0.3 miles
7-Eleven
Shops & Services
9,897 visits/mo
0.1 miles
American Automobile Association (AAA)
Shops & Services
7,165 visits/mo
0.4 miles
Demographics for 90278, CA
42,188
Population
16,628
Households
2.5
Avg Household Size
39
Median Age
62%
College-Educated
96%
High-School Grad
3.7 sq mi
ZIP Area
11,402
Density / Sq Mi
$148,581
Median Household Income
$86,999
Median Earnings
$2,417
Median Rent
$1,195,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
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.
