Advisors Commercial Real Estate is proud to present this 17,610-square foot, sixteen-unit apartment located at 370 Palos Verdes in Redondo Beach, California. This ocean facing sixteen-unit apartment is situated just two-blocks from the Pacific Ocean tucked away under the prestigious Palos Verdes Peninsula, located in Redondo Beach’s hottest market famously known as the Hollywood Riviera.
Within walking distance, this property is in close proximity to a cluster of boutique clothing and gift shops, restaurants and cafes. Apart from the smog-free views of the Pacific Ocean and the lush and dramatic cliffs of the Palos Verdes Peninsula, the subject property is just minutes from King Harbor and the Redondo Beach Pier.
Situated on a large lot totaling 17,257-square feet located just two-blocks from the Pacific Ocean, the offering consists of sixteen-units: two three-bedroom/one-and-three-quarter-bathroom units, twelve two-bedroom/one-and-three-quarter-bathroom units, two one-bedroom/one-bathroom units, and an office of approximately 225-SF with three-quarter-bathroom.
50% of the units boast scenic ocean views: 4-Units with 180-degree ocean views from Palos Verdes to Malibu and 4-Units with direct ocean views. Additionally, the property offers 41-parking spots, private back patios for the two rear units, and large ocean facing balconies. The three-bedroom units have washer/dryer hook-ups and two entrances. A rarity to the beach community, all units have very large floor plans and the property has ample parking.
370 Palos Verdes Boulevard is an A-class asset in an irreplaceable location. This non-rent controlled property is located in the most desirable pocket of Redondo Beach, the Hollywood Riviera, just two-blocks from the Pacific Ocean. This legacy property is poised for appreciation and significant long-term value growth as it lies in one of the last non-rent controlled beach communities, just steps from the water.
