See Home Value
$7,831,670*
Commercial - Off Market

229 Avenue I

Redondo Beach, CA 90277
bedrooms
Studio
bathrooms
0 Bath
square feet
10480 Sqft
$6,840,000 - $8,360,000
Reference Base Price*
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Located in the gateway to Riviera Village, Redondo Beach's most prestigious retail/office area, this 3 story jewel is a generational treasure. It stands just 2 short blocks to Redondo's Esplanade oceanfront. The building includes plentiful ground level and restricted underground parking. Solid long term leases ensure stable income.  The entire internal and external space have recently been fashionably updated/remodeled (1st floor still in progress for new tenant), including the elevator.  Some spaces feature ocean views and decks. Rooftop cellular sites contribute substantially to income with no owner maintenance at all. This property has never been on the open market since construction and represents a unique opportunity to secure an iconic position in one of the Beach Cities top commercial zone.

The manager has listed the unit size as 10480 square feet.
Unit Size
10,480Ft²
Days on Market
-
Land Size
-
Price per sqft
$725
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
1987

Price History

Date / Event Date Event Price
Mar 3, 2023 No longer available -
No longer available
Mar 1, 2023 Sold $7,000,000
Sold
Jan 11, 2023 In contract -
In contract
Sep 8, 2022 Price Decreased $7,600,000
↓ $150K (1.9%)
Price Decreased
Jun 8, 2022 Price Decreased $7,750,000
↓ $150K (1.9%)
Price Decreased
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Property Highlights

Air Conditioning


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210107
01/07/2021
Loft
-
10480 ft²
$9,250,000
bedrooms
Loft
bathrooms
-
square feet
10480 ft²
-
-
-
Jim Menton
The Realestate Group

Building Info

229 Avenue I 229 Avenue I, Redondo Beach, CA 90277
More about this Building
229 Avenue I
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About South Redondo Beach


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Nearby Rentals

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$1,395 /mo

  • Studio
  • 1 Bath
391 Paseo De Gracia #391 Paseo De Gracia #7-, Redondo Beach, CA, 90277 Listing by Manager


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