700 Pacific Coast HwyRedondo Beach, CA 90277

Property Details for 700 Pacific Coast Hwy

Year built

1982

Construction

WOOD

Lot size

0.49 AC

Property size (Sq ft)

12,068 SF

Zone code

RBC-2B

Property type

Office properties

Property subtype

Office buildings

APN

7503-002-050

APU

7503002050

Description

This exceptional 600-square-foot executive office suite is situated on the second floor of a three-story free-standing building located at 700 N Pacific Coast Highway in Redondo Beach, California. The building, constructed in 1982, offers a total of 12,068 square feet on a 25,265-square-foot lot, and is zoned RBC-2B. Currently, 600 square feet of office space is available for lease within this highly desirable location, just two blocks from the ocean. The suite includes two dedicated parking spaces and a convenient kitchenette. The bright and uplifting space is ideally suited for a variety of professional uses, including design firms, corporate offices, medical practices, legal offices, and entertainment industry businesses. The building's location in Redondo Beach provides easy access to a vibrant array of upscale restaurants, boutiques, specialty shops, and service providers, reflecting the affluent and thriving nature of the community. This is a rare opportunity to secure a prestigious office space in a highly sought-after location. The building consists of one structure. Multiple tenants occupy the building.

• CAP approach

  CAP return

  Valuation

  6%

  $3,585,615

  6.5%

  $3,309,799

  7%

  $3,073,384

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,911,526

  Geo Method

  $2,911,526

• Alternative Use

  Use

  Valuation

  Residential

  $4,104,150

  Hospitality

  $3,759,380

  Educational

  $3,127,760

  Medical

  $3,235,328

  Retail

  $4,865,404

Location Insight

City

Redondo Beach

County

Los Angeles

State

California

Latitude

33.8529

Longitude

-118.389

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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