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    717 Torrance Boulevard

    Redondo Beach, CA 90277
    • $1,649,000
    • STATUS: Active
    • ON SITE: 305 days
    • ID#: SB20131827
    UPDATED: 32 min ago
    $1,649,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,067
      SQFT
    • $538
      $/SQFT
    Type:
    Commercial
    Built:
    1967
    County:

    School Ratings & Info

    Description

    715-717 Torrance Blvd, is located in the heart of South Redondo. A rare opportunity for an Investor or Owner User to purchase a Generational Commercial Building offered for sale for the first time by the original Owner/Developer. Situated on a 7,424 sq. ft. lot zoned C-2. Originally developed in 1967 as three contiguous retail store fronts totaling 3,067 square feet. Each of the three spaces features a restroom, front entry, rear entry and are individually metered for gas and electric. The subject property is located less than a mile from the Redondo Beach Pier, Marina and King Harbor. This property allows an investor to obtain yield growth through rental rate adjustments based on property enhancements. Prime South Redondo Location with Significant Appreciation Aspects Substantial Rental Income Upside Potential 109 feet of street frontage.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-09T15:32:09.867. 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 Plan A Real Estate. Licensed in the State of California, USA.
    www.southochomeprices.com/homes/107586508
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    717 Torrance Boulevard Redondo Beach, CA 90277

    • Price: $1,649,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: SB20131827
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,067
    SQFT
    $538
    $/SQFT
    1967
    Built
    Neighborhood:
    155 - S Redondo Bch N of Torrance Bl
    County:
    Los Angeles
    Area:
    155 - S Redondo Bch N of Torrance Bl
    Property Description
    715-717 Torrance Blvd, is located in the heart of South Redondo. A rare opportunity for an Investor or Owner User to purchase a Generational Commercial Building offered for sale for the first time by the original Owner/Developer. Situated on a 7,424 sq. ft. lot zoned C-2. Originally developed in 1967 as three contiguous retail store fronts totaling 3,067 square feet. Each of the three spaces features a restroom, front entry, rear entry and are individually metered for gas and electric. The subject property is located less than a mile from the Redondo Beach Pier, Marina and King Harbor. This property allows an investor to obtain yield growth through rental rate adjustments based on property enhancements. Prime South Redondo Location with Significant Appreciation Aspects Substantial Rental Income Upside Potential 109 feet of street frontage.
    Exterior Features

    Construction Materials BlockDrywallFrameStucco Lot Features Corner LotNear Public TransitRectangular LotStreet Level Open Parking Spaces 11 Parking Total 11 Roof Composition Sign On Property YN No

    Property Features

    Additional Parcels YN No Business Type RetailSingle-TenantStand-Alone Common Interest None Current Financing None Electric Electricity - On Property Gross Scheduled Income 37560 Insurance Expense 800 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Number Of Units Leased 1 Property Sub Type Retail Special Listing Conditions Standard Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 600 Water Source Public

    Listing provided courtesy of Jay Horrell of Horrell Realtors


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-09T15:32:09.867. 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 Plan A Real Estate. Licensed in the State of California, USA.
     
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    Plan A Real Estate
    30021 Tomas St, # 300
    Rancho Santa Margarita CA, 92688