This is a rare opportunity to acquire a flexible, mixed-used portfolio consisting of three contiguous parcels totaling 9,127 sq ft on a prime corner in South Redondo Beach. Located just blocks from the Redondo Beach pier and esplanade, the site is walkable to premier retail, dining, and entertainment options. 824-830 Torrance Blvd is a two-story mixed-use building with two commercial units on the first level and two residential units on the second level. 832 Torrance Blvd is a standalone oversized commercial structure currently used a media studio. 301 S Lucia Ave is a detached single-family residence with a private parking area and outdoor space. Three of the units are leased to long-term tenants on flexible, market-rate leases. The other three units can be delivered vacant. This property is ideal for investors seeking a 5% CAP rate from day one, owner-users desiring a live/work setup, or developers considering future repositioning under C2 zoning. Please see the attached Offering Memorandum for further details.
Property Details
Price:
$2,975,000
MLS #:
PW25124572
Status:
Active
Baths:
0
Address:
824 Torrance
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
156sredondobchsoftorrancebl
City:
Redondo Beach
Listed Date:
Jun 3, 2025
State:
CA
ZIP:
90277
Lot Size:
9,127 sqft / 0.21 acres (approx)
Year Built:
1935
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Schools
Interior
Exterior
Community Features
Biking, Curbs, Gutters, Sidewalks, Suburban, Urban
Garage Spaces
4.00
Lot Features
Corner Lot, Lot 6500-9999, Level
Parking Features
Assigned, Carport, Driveway, Garage, On Site
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address824 Torrance Redondo Beach CA
- Area156 – S Redondo Bch S of Torrance Bl
- CityRedondo Beach
- CountyLos Angeles
- Zip Code90277
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824 Torrance
Redondo Beach, CA
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