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Property profile & analytics
FOR LEASE
Commercial land

420 N Pacific Coast Hwy Redondo Beach, CA 90277

0.11 ac lot Built 1948
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6556958
Property summary
AI-generated overview

This exceptional 2,500-square-foot, two-story office building, constructed in 2023, is situated on a 0.12-acre lot at 420 N Pacific Coast Highway in Redondo Beach, CA (90277). The property boasts 2,100 square feet of net rentable space, perfect for an owner-user seeking a high-visibility location. With a C2 zoning permit, the building offers versatile usage options, ideal for traditional office spaces, medical practices (chiropractic, physical therapy, etc.), or service-oriented businesses (hair salons, massage therapy, etc.). The building features ten covered parking spaces, providing ample convenience for employees and clients. Enjoy outstanding city views from private balconies. The interior is in new shell condition, featuring high drop ceilings and LED lighting. The building includes an elevator with ADA compliance and one ADA-compliant restroom. The property benefits from exceptional visibility and high traffic counts (67,000 vehicles per day) on Pacific Coast Highway, directly across from Redondo Shores Shopping Center, which includes Whole Foods, Citibank, and other popular businesses. This freestanding building offers a unique opportunity to establish a strong brand presence. The asking price is $2,750,000. Lease options are also available at $3.95 per square foot plus NNN.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1948
Lot 0.11 ac (5,004 SF)
Zoning code RBC-2B
APN 7503-018-007
UPID US09-6556958
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Master Cooling & Heating RB HVAC Service General Contractor
  • Liberty Kitchen & Bath Renovation Redondo Beach Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Svam Consulting INC · 11 yrs held
Svam Consulting INC
since 2015
7 recorded transactions
2015
$605,000
2007
$920,000
2003
Price N/A
1999
Price N/A
1997
$140,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
RBC-2B · Redondo Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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