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1870 S Elena Avenue
USD 3,100,000
Property ID: SB23186342
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1870 S Elena Avenue ,90277
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icon 14427 SqFt
icon Built in 2008
icon USD 215/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
5265
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 2008
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Detailed Introduction Of This Home
A rare opportunity to acquire an investment property consisting of 4 individual parcels totaling approximately 14,427 sq. ft. on a corner lot in the heart of Riviera Village. The 4 individual parcels are leased out to a single tenant on a NNN ground lease with a rent commencement date of 1/1/2007 with a remaining period until 12/1/42 plus eight (8) five year options. The property is centrally located and has 114 feet of frontage on Catalina Ave, and 114 feet of frontage on Elena Ave with great ingress/egress, strong population growth and high traffic counts. The Riviera Village has a solid base of small businesses and adjacent residential in South Redondo Beach. Just steps to the Pacific Ocean and ¼ mile from Pacific Coast Highway. HIGHLIGHTS: • Leased Fee Interest in NNN Ground Lease (Land for Sale; Improvements not Included) • Priced at a land value of $214.87 per Sq. Ft. • Rare NNN Ground Lease - Tenant pays all expenses • Current Monthy Rent $7,781.99 as of 12/1/2023 Monthly Rent will be increased to $8,754.74 * Rent is adjusted every 5 years based on CPI Los Angeles-Long Beach-Anaheim, CA, All Urban Consumers. (not to exceed 12.5%). • Excellent visibility with frontage on the corner of Catalina Ave. and Elena Ave.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (14)
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1870 S Elena Avenue
USD 3,100,000 0 Beds
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