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Development Site at 401-417 S Pacific Coast Highway

Development Site at 401-417 S Pacific Coast Highway
FOR SALE
View more

$14,000,000

417 South Pacific Coast Highway, Redondo Beach, CA 90277

Property Description

This is a fully approved and entitled coastal development opportunity located at 401– 417 S. Pacific Coast Highway in Redondo Beach. The approved plans consist of a five-story mixed-use development featuring approximately 17,000 square feet of ground-floor commercial retail and three additional floors of residential living space comprised of 61 residential units (configurable as apartments or condominiums). Plans incorporate a 5th floor rooftop deck, two levels of subterranean parking with entrance off Pearl Street allowing for 129 spaces as well as common area space which includes pool and office flex space.


Property Details

Asset Type

Development Site

Zoning

RBC2

Lot Size

33,294 SF

Neighborhood

South Redondo Beach South of Torrance Blvd.

Submarket

Redondo Beach

ZIP

90277

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$796,406

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$66,367

Annual Debt Service

$796,406

View on Map

Address

417 South Pacific Coast Highway

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Redondo Beach Development Site Market Snapshot

Boundary boundary · Development Site · Sale

No investors found in this market.

Contact the Listing Team

Rob Depaoli

Rob Depaoli

Real Estate Agent

1 closed

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Will Joseph

Will Joseph

Partner

11 closed

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Send a Message

Rob Depaoli

Rob Depaoli

Real Estate Agent

1 closed

Call
Will Joseph

Will Joseph

Partner

11 closed

Call