Development Site at 401-417 S Pacific Coast Highway
$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.