The current list price is $12,000,000 while the parking structure renovation is underway during the Spring of 2024 with an anticipated completion date in the summer. Once the project is complete, all the units are leased and new lease terms have been secured with current tenants then the price will be increased to $13,500,000 or more. (This is a value add opportunity, ideal for an owner user or investor). The seller may consider an adjusted price point for an as is offer while improvements are being completed. Owner financing maybe considered for a qualified buyer with terms to be determined for a possible long term commitment.A High traffic signalized corner located at the gateway to the beach communities of Redondo and Hermosa Beach. Easy to show lock box on second floor - call listing agent for an accompanied tour or go at your leisure from 9 to 4:30 (elevator and stair well are locked after hours).
SB23229065
Office, Business Opportunities, 2 Story
Los Angeles
1987
1.1524
Acres
Public
2
Frame,Stucco
24,256
Sq. Ft.
Cable Available,Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Phone Available,Phone Connected,Sewer Connected,Water Connected
3 Total
Detailed Room Information
- Laundry
- None
Interior Features
- Cooling
- Central Air
- Security
- Fire Sprinkler System,Smoke Detector(s)
Exterior / Lot Features
- Parking
- 0 Covered Parking Spaces.
- Exterior
- Stucco, Frame
- Roof
- Composition, Copper
- Lot Dimensions
- 130x704
- Zoning
- RBC3
- Additional Exterior/Lot Features
- Corner Lot,Irregular Lot,Lot Over 40000 Sqft,Landscaped,Near Park,Sprinklers Timer,Sprinkler System,Sloped Down.
Community Features
- Security Features
- Fire Sprinkler System,Smoke Detector(s)
- Complex Features
- Fire Sprinkler System,Smoke Detector(s)
Financial Considerations
7503014016
Cash, Cash to New Loan, Conventional, 1031 Exchange, Owner May Carry
Arrows indicate 90 day trend
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