717 South Pacific Coast Highway

Redondo Beach, CA 90277

$7,500,000
Price
3
Beds
11
Baths
7,900 Sq. Ft.
$949 / Sq. Ft.
7,900
Sq. Ft.
$949
per Sq. Ft.

Description

11 units. Trophy property in an amazing South Redondo Beach location 4 short blocks from the sand and close proximity to high end residential and commercial areas. First time available in 20 years. 2 office/retail spaces on PCH with great frontage and signage. All 9 residential units of PCH behind office commercial spaces. Office space currently used as an insurance office and pilates studio and approximately 600-800 sq ft each. Residential units are large and recently upgraded including new a/c...11 units. Trophy property in an amazing South Redondo Beach location 4 short blocks from the sand and close proximity to high end residential and commercial areas. First time available in 20 years. 2 office/retail spaces on PCH with great frontage and signage. All 9 residential units of PCH behind office commercial spaces. Office space currently used as an insurance office and pilates studio and approximately 600-800 sq ft each. Residential units are large and recently upgraded including new a/c and heaters in the residential and commercial units. 5 enclosed garages with newer garage doors and an additional 14 on-site parking spaces and a laundry room. Turnkey and rents recently increased.
  1. Listed by Gerard Bisignano • DRE #01116110 • Brokerage DRE #01922362 • Vista Sotheby’s International Realty • 310-990-4727

Property Details for 717 South Pacific Coast Highway

Parking Spaces Total
5
Private Pool
No
Total Units
11.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7900
Assessor Parcel Number
7508-016-025
Property Attached YN
true
LISTING UPDATED: 09/02/2024 07:16 AM

Property Details for 717 South Pacific Coast Highway

StatusActive
MLS #SB24134309
Days on Market173
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1962
Lot Size0.34 AC / 14,843 SF
CountyLos Angeles County

Building Information for 717 South Pacific Coast Highway

Stories2Residences-Year Built1962Building Size-Lot Size0.34 AC / 14,843 SF

Property Information for 717 South Pacific Coast Highway

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $252,000
  • Net Operating Income: $232,436
  • Number Of Rented Garages: 5
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Cap Rate: 3.0
  • Current Financing: None
Expense Details
  • Operating Expense: $19,564
  • Fuel Expense: $0
  • Pest Control Expense: $800
  • Electric Expense: $2,381
  • Insurance Expense: $6,871
  • Professional Management Expense: $0
  • Trash Expense: $5,424
  • Water Sewer Expense: $4,088
  • Total Expenses: $19,564
Tax / Assessment Info
  • Tax Tract Number: 1
  • Tax Census Tract: 6213.24
  • Tax Lot: 122
Community / Development
Community / Development
  • Community Features: Biking, Curbs, Dog Park, Sidewalks
Property / Structure Info
Exterior Features
  • Entry Location: PCH
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 11
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 5
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $7,000
  • Unit Type Pro Forma: 7000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $10,000
  • Unit Type Pro Forma: 10000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $5,000
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 11
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1

Property History for 717 South Pacific Coast Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 717 South Pacific Coast Highway

Taxable ValueLand$1,536,390Additions$657,390Total$2,193,780
Tax Record2024$26,768 ($2,231 / month)
Home Facts
Total Finished SqFt7,900 SqFtAbove Grade Finished SqFt7,900 SqFtStories1Lot Size14,843 SqFtStyleOffice BuildingYear Built1962ZoningRBC-2CountyLOS ANGELESAPN7508-016-025

Schools near 717 South Pacific Coast Highway

This home is within Redondo Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alta Vista Elementary School
PublicK to 5

Parras (Nick G.) Middle School
Public6 to 8

Redondo Union High School
Public9 to 12

Redondo Beach Learning Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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717 South Pacific Coast Highway is a mixed use property for sale in Redondo Beach, CA 90277. This property was listed for sale on July 1, 2024 by Vista Sotheby’s International Realty, it's currently listed at $7,500,000. It has been on the market for a total of 173 days and was last sold on January 5, 2001. This listing's school district is Redondo Beach Unified School District. Nearby schools include Alta Vista Elementary School, Parras (Nick G.) Middle School and Redondo Union High School. 717 South Pacific Coast Highway is a 3-bed, 11-bath, 7,900 sqft mixed use property built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Vista Sotheby’s International Realty, Gerard Bisignano, DRE #01116110

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.