Property Description

LOCATION! LOCATION! LOCATION! Perfectly situated one block east of the beaches and waters of the majestic Pacific Ocean and one block west of the galleries, boutiques, restaurants and other attractions of Redondo Beach’s bustling “Riviera Village” shopping district, 1716 Camino De La Costa offers investors tremendous economic upside in an unparalleled location. Featuring eight (8) 2-bedroom, 1-bath units and boasting an aggregate of approximately 6,778 square feet of living space on a lot of approximately 6,764 square feet, as well as eight (8) semi-subterranean on-site parking garages, the property’s historically low vacancy rates are a testament to both its own desirability as well as the strength of the South Redondo Beach rental market in general. At 100% occupancy at the time of listing with all tenants on month-to-month leases at below market rental rates, this property will provide an investor with the opportunity to realize both the immediate income and stability offered by a fully leased asset, as well as the flexibility and potential economic benefits presented by its short-term tenancies.

Features
: Other
: Other
Address Map
CA
Los Angeles
Redondo Beach
90277
1716 Camino De La Costa
0
W119° 36' 39.2''
N33° 49' 7.8''
West on Ave I then South on Cam
MLS Addon
Todd Lesko, Broker
Todd Lesko
t.lesko@cox.net
CR537865
CR37099
: Public

Commercial Sale For Sale

1716 Camino De La Costa, Redondo Beach, California 90277

6,778 Sqft
$4,840,000
Listing ID #CROC25063474
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CROC25063474
Price : $4,840,000
Square Footage : 6,778 Sqft
Year Built : 1958
Lot Area : 6,764 Sqft
Status : Active
Property SubType : Other
Agent info
Michael Roberts
Contact Agent