901 Pacific Coast HwyRedondo Beach, CA 90277

Property Details for 901 Pacific Coast Hwy

Year built

1986

Lot size

1.15 AC

Property size (Sq ft)

24,256 SF

Zone code

RBC-3

Property type

Office buildings

APN

7503-014-016

APU

7503014016

Description

Montero Plaza, located at 901 N Pacific Coast Hwy in Redondo Beach, CA 90277, offers exceptional office space in a prime beach city location. This Class B property boasts 24,256 square feet across four buildings, featuring a mix of medical, traditional, and executive office suites. Currently, 4,200 square feet of contiguous space is available, with a minimum divisible space of 2,000 square feet. The property includes 110 parking spaces, providing ample parking for tenants and visitors. Built in 1987 and renovated in 1991, the two-story building features 9-foot ceilings and one elevator. The property sits on 1.152 acres of land (APN 7503014016) and enjoys a highly visible corner location at the main entrance to Redondo Beach, with excellent walkability to local amenities. The zoning is RBC-3. This exceptional opportunity offers high exposure and is situated near the Redondo Beach Pier, harbor, and numerous restaurants and shops. The property's convenient location and ample parking make it an ideal choice for businesses seeking a thriving and accessible location in the South Bay Beach City Communities submarket. The available space is perfect for a variety of businesses seeking a prominent presence in this desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,206,884

  6.5%

  $6,652,509

  7%

  $6,177,330

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,852,002

  Geo Method

  $5,852,002

• Alternative Use

  Use

  Valuation

  Residential

  $8,249,111

  Hospitality

  $7,556,141

  Educational

  $6,286,621

  Medical

  $6,502,828

  Retail

  $9,779,188

Location Insight

City

Redondo Beach

County

Los Angeles

State

California

Latitude

33.8544

Longitude

-118.391

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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