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716 S Pacific Coast Highway - Pacific Coast Inn, Redondo Beach, CA

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716 S Pacific Coast Highway - Pacific Coast Inn

Redondo Beach, CA 90277-4225 - Beach Cities/Palos Verdes Submarket


Property Type:Hospitality Number of Rooms:22 Status:Existing Year Built:1940
Stories:2 Building Size:5,976 SF Land Area:.35 AC (15,102 SF)
For Sale Price:$5,000,000 Price/Room:$227,273 Cap Rate:3.90 %

Parking:3.68 Parking Spaces / 1,000 SF


PARKING:
Composition Open(Tandem) Covered(Tandem) Total Condition
Asphault: 12(0) 0(0) 12 Average
Concrete: 6(0) 2(0) 8 Average


Property Description: Motel (20 Rooms)




Sale Notes:
Southern California Renowned Boutique Motel

This exceptional South Redondo Beach investment opportunity is being exclusively offered by Miguel Aguilo & Brett O'Keefe of RE/MAX Commercial. The Pacific Coast Inn Motel is located on Pacific Coast Highway in the heart of the South Redondo Beach retail corridor.

The property is a two-story fully upgraded Boutique Motel of approximately 5,975 square feet with 20 rooms and free standing 2 bedroom house with full laundry building. The property is situated on a 15,000 square feet lot just a couple blocks to the beautiful beach of South Redondo Beach and only 7 miles from LAX.
The hotel' s prime location drives significant repeat guests. Proximity to the beach, pier, and the Hollywood Riviera offer a great selection of seaside restaurants, cafes, shopping and public transportation. Also, less than a mile away, a large development is coming at the Redondo Beach Pier estimated to exceed $300 million in improvements.

Pacific Coast Highway is the main retail corridor through the beach cities spanning the entire length of Redondo Beach, Hermosa Beach, Manhattan Beach, and El Segundo running parallel to the beach. Daily car count is approximately 37,240. Average household income within 3 miles exceeds $122,000 with a population over 162,000 people.

RE/MAX Execs
Brett O'Keefe
(310) 378-9889




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