Property profile

1300 S Pacific Coast Hwy Redondo Beach, CA 90277

FOR SALE
Investment properties
Property ID
US09-6556992
11,666 SF 0.48 ac lot Built 1977
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 11,666 square foot shopping center presents a unique investment opportunity in the highly desirable Redondo Beach, California market. Located at 1300 S Pacific Coast Hwy, this property boasts a prime location just two blocks from the Pacific Ocean and a half-mile from the vibrant Riviera Village. The center comprises eight individual retail units, perfectly suited for a variety of businesses catering to the affluent residential community. The high-volume retail area and abundance of nearby food service establishments create a synergistic environment, promising strong tenant occupancy and consistent revenue streams. This location benefits from a very high demographic profile, making it an ideal investment for those seeking a stable and profitable retail venture. The property's proximity to the ocean and Riviera Village ensures high foot traffic and visibility, attracting both local residents and tourists. This is a rare chance to acquire a well-situated, established shopping center in one of Southern California's most sought-after coastal communities. The property is located in Los Angeles County, California, zip code 90277. Serious inquiries are encouraged.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1977
Construction WOOD
Total area 11,666 SF
Lot 0.48 ac (21,112 SF)
Zoning code RBC-2-PD
APN 7510-013-001
UPID US09-6556992

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center
  • Bakery Specialty Food Shop
  • Marketing & Advertising Printing Service
  • Physician
  • Physician

Location

1300 S Pacific Coast Hwy Redondo Beach, CA 90277
Redondo Beach metro Census 621400 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.64M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.61M

Owner & transaction history

since 2013
6 recorded transactions
2018
Price N/A
2016
Price N/A
2013
$4.2M
2008
$4.2M
1988
$633,333
1969
Price N/A

Zoning & alternative use

RBC-2-PD · Redondo Beach, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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