301 S Lucia Ave - Office/Residential FOR SALE


Redondo Beach, CA 90277
$2,975,000 USD
714-883-7270
301 S Lucia Ave, Redondo Beach, CA for Sale
$2,975,000 USD
Office/Residential - FOR SALE
1/50
null | 5% Cap Rate

301 S Lucia Ave
Redondo Beach, CA 90277


HIGHLIGHTS

  • Prime coastal location: walk to the beach, pier, and more
  • Mixed-use flexibility: a rare mix of residential, commercial, and single-family
  • Zoning: C2 supports a wide range of commercial and residential uses
  • Versatility: investors seeking a 5% CAP rate from day one, owner-users desiring a live/work setup, or redevelopment
  • Pride of ownership: current owners have maintained the property meticulously and made significant upgrades throughout

OVERVIEW

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. The offering includes: 824-830 Torrance Blvd: Two-story mixed-use building with two commercial units on the first level and two residential units on the second level. 832 Torrance Blvd: Standalone oversized commercial structure currently used a media studio. 301 S Lucia Ave: 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. See the attached Offering Memorandum for details. Contact Chris Barker at 714 883-7270 or chris@yorkshirere.com for more information.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$1,010 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

824-832 Torrance Blvd, 301 Lucia Ave

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

undefined, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C-2

APN/PARCEL ID

7506-017-010,7506-017-011,7506-017-012

ASK ABOUT THIS PROPERTY

Chris BarkerYorkshire RealtyMore Info
714-883-7270

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Chris BarkerYorkshire RealtyMore Info
714-883-7270

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.