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4068 Redondo Beach Boulevard, Torrance, CA

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4068 Redondo Beach Boulevard

Torrance, CA 90504 - Torrance Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1954
Building Size:3,060 SF Land Area:.14 AC (6,155 SF)
For Sale Price:$999,999 Price/SF:$326.80
Cap Rate:5.80 %

Sale Notes:
Amazing investment opportunity comprised of a 3,060 sq. ft. retail building on a 6,156 sq. ft. lot. The property just went from owner/user to investment as the front larger unit is now rented for $4,000 a month. The cap rate is based on the rear 1,000 s.q.ft. unit renting for $1,500 a month. Under the lease for the front unit, the landlord pays for maintenance of roof, foundation and exterior walls as well as property insurance. The tenant pays for their portion of the property taxes and maintenance except as noted above. Buyer to verify all financial information. Broker does not make any representation regarding the accuracy of this information.

Just west of the 405 Fwy at the Redondo Beach Blvd. exit.

Coldwell Banker Commercial NRT
Vahan Saroians
(323) 906-2469

Coldwell Banker Residential Brokerage
Cindy Gunadi
(310) 985-4518

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