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2300 Artesia Boulevard

Redondo Beach, CA 90278
  • $2,250,000
  • STATUS: Active
  • ON SITE: 418 Days
  • ID#: P1-14732
Price Reduced
UPDATED: 67 min ago
$2,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1941
County:

School Ratings & Info

Listing Agent(s): John Calvo of Lighthouse Realty Associates ((818) 242-5646)


Description

MIXED USED PROPERTY on Prime Corner Lot in North Redondo Beach | Just 2.2 miles to Hermosa Beach (going West) | (Three) Commercial Retail Storefronts units on high traffic and high visibility Artesia Blvd with 2500 sf, AND (Two) Residential Bungalows on Slauson Lane with 960 sf and each 1BR/1BA. *** Great for an investor looking for a 2nd final leg to their 1031 exchange, or an owner-occupier. Two of the storefronts (#B and #C) were completely remodeled in 2020 with new HVAC, drywall, modern frontage (glass and door), recessed lighting, electrical wiring/outlets/switches, new flooring, ADA compliant bathrooms and new roof. *** Residential Bungalows (connected 1-car garages each) have 1BR/1BA each, front and back yards and located on Slauson Lane. *** Redondo Beach has an ''Artesia and Aviation Corridors Area Plan'' (dated Jan. 2020) with major plans to renovate the corridor.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-07T10:25:32.07. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Judy Barsamian Armstrong | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
www.judyb-armstrong.homes/homes/142430324
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2300 Artesia Boulevard Redondo Beach, CA 90278

  • Price: $2,250,000
  • Status: Active
  • On Site: 418 Days
  • Updated: 67 min ago
  • ID#: P1-14732
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1941
Built
County:
Other
Property Description
MIXED USED PROPERTY on Prime Corner Lot in North Redondo Beach | Just 2.2 miles to Hermosa Beach (going West) | (Three) Commercial Retail Storefronts units on high traffic and high visibility Artesia Blvd with 2500 sf, AND (Two) Residential Bungalows on Slauson Lane with 960 sf and each 1BR/1BA. *** Great for an investor looking for a 2nd final leg to their 1031 exchange, or an owner-occupier. Two of the storefronts (#B and #C) were completely remodeled in 2020 with new HVAC, drywall, modern frontage (glass and door), recessed lighting, electrical wiring/outlets/switches, new flooring, ADA compliant bathrooms and new roof. *** Residential Bungalows (connected 1-car garages each) have 1BR/1BA each, front and back yards and located on Slauson Lane. *** Redondo Beach has an ''Artesia and Aviation Corridors Area Plan'' (dated Jan. 2020) with major plans to renovate the corridor.
Exterior Features

Construction Materials Stucco Fencing BlockCross FencedWood Lot Features 0-1 Unit/AcreBack YardCorner LotFront YardLevelNear Public TransitSprinklers NoneStreet LevelYard Parking Total 0 Roof CompositionRolled/Hot Mop Sign On Property YN Yes

Interior Features

Cooling Central Air Cooling YN Yes Heating CentralNatural Gas Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Business Type Administrative and SupportBarber/BeautyBuild to SuitCommercialFitnessHealth ServicesMixedMulti-TenantOtherProfessional ServiceRetail Cap Rate 5.78 Common Interest None Current Financing Other Gross Scheduled Income 166092 Insurance Expense 4657 Laundry Features Washer HookupGas Dryer HookupIn Garage Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 ExchangeSubmit Maintenance Expense 1200 Net Operating Income 140248 Number Of Units Leased 5 Other Expense 188 Property Sub Type Mixed Use Security Features Smoke Detector(s) Special Listing Conditions Standard Structure Type Multi FamilyMixed UseOfficeRetail Tax Annual Amount 18238 Tax Year 2023 Utilities Electricity AvailableNatural Gas AvailableSewer ConnectedWater ConnectedOverhead Utilities Water Sewer Expense 1562 Water Source Public Zoning RBC-2-PD



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-07T10:25:32.07. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Judy Barsamian Armstrong | Keller Williams Realty Central Coast. Licensed in the State of California, USA.
 
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Judy Barsamian Armstrong | Keller Williams Realty Central Coast
350 James Way
Pismo Beach CA, 93449
Listing Agent(s): John Calvo of Lighthouse Realty Associates ((818) 242-5646)