824 Torrance Active Save Request In-Person Tour Request Virtual Tour
Redondo Beach,CA 90277
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25124572
Year Built 1935
Lot Size 9,127 Sqft
Property Description
This is a rare opportunity to acquire a flexible, mixed-used portfolio consisting of three contiguous parcels totaling 9,127 sq ft on a prime corner in South Redondo Beach. Located just blocks from the Redondo Beach pier and esplanade, the site is walkable to premier retail, dining, and entertainment options. 824-830 Torrance Blvd is a two-story mixed-use building with two commercial units on the first level and two residential units on the second level. 832 Torrance Blvd is a standalone oversized commercial structure currently used a media studio. 301 S Lucia Ave is a detached single-family residence with a private parking area and outdoor space. Three of the units are leased to long-term tenants on flexible, market-rate leases. The other three units can be delivered vacant. This property is ideal for investors seeking a 5% CAP rate from day one, owner-users desiring a live/work setup, or developers considering future repositioning under C2 zoning. Please see the attached Offering Memorandum for further details.
Location
State CA
County Los Angeles
Area 156 - S Redondo Bch S Of Torrance Bl
Interior
Laundry Other
Exterior
Parking Features Assigned Spaces,Carport ,Garage,Common Parking Area,Other
Garage Spaces 8.0
Pool 31,None
Building
Lot Description Grade - Level
Water District - Public
Others
Special Listing Condition Not Applicable