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824 Torrance, Redondo Beach, California 90277, Redondo Beach, 90277 - bed, bath

824 Torrance, Redondo Beach, California 90277 home-pic-0
ACTIVE$2,095,000
824 Torrance, Redondo Beach, California 90277
0Bed
0Bath
4,823Sqft
9,127Lot
Year Built
1935
Close
-
List price
$2.1M
Original List price
$2.98M
Price/Sqft
$434
HOA
-
Days on market
-
Sold On
-
MLS number
PW25124572
Home ConditionFair
Features
Good View:
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.10M(50th), sqft - 4823(50th), beds - undefined(50th), baths - undefined(50th).

This is a rare opportunity to acquire a flexible, mixed-used portfolio consisting of two contiguous parcels totaling 7,429 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 suitable for use as a media studio, creative office, fitness studio, retail, automotive, and more. This property is ideal for investors seeking a 5.7% CAP rate from day one, owner-users desiring a live/work setup, or developers considering future repositioning under C2 zoning. Three of the units are leased to long-term tenants on flexible, market-rate leases. Please see the attached Offering Memorandum for further details.

Nearby schools

9/10
Alta Vista Elementary School
Public,•K-5•0.7mi
9/10
Anza Elementary School
Public,•K-5•0.8mi
8/10
Victor Elementary School
Public,•K-5•0.9mi
8/10
Towers Elementary School
Public,•K-5•1.1mi
9/10
Tulita Elementary School
Public,•K-5•1.2mi
9/10
Seaside Elementary School
Public,•K-5•1.5mi
8/10
Riviera Elementary School
Public,•K-5•2.1mi
8/10
Bert M. Lynn Middle School
Public,•6-8•1.2mi
8/10
Jefferson Middle School
Public,•6-8•1.3mi
7/10
Calle Mayor Middle School
Public,•6-8•1.7mi
8/10
Edward J. Richardson Middle School
Public,•6-8•2.0mi
9/10
West High School
Public,•9-12•0.9mi
9/10
South High School
Public,•9-12•2.0mi

Price History

Date
Event
Price
08/21/25
Price Change
$2,095,000
06/03/25
Listing
$2,975,000
01/19/18
Sold
$2,000,000
Condition Rating
Fair
Built in 1935, this mixed-use property presents a varied condition. While the commercial units appear to have undergone recent updates with modern flooring, lighting, and mini-split AC systems, the residential units, particularly the kitchen shown, are significantly outdated. The residential kitchen features tile countertops, older wood cabinets, and linoleum flooring, indicative of a renovation 20-30+ years ago. The carpet in the residential living area also appears dated. The property is functional and maintained, but the residential component requires minor updates and repairs to meet current aesthetic and functional standards, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Flexible Mixed-Use Configuration: The property offers a versatile blend of commercial and residential units across two structures, providing diverse income streams and adaptability for various business models or live/work setups.
Exceptional Coastal Location: Situated on a prime corner in South Redondo Beach, just blocks from the pier and esplanade, offering high foot traffic and walkability to premier retail, dining, and entertainment.
Attractive Investment Returns: Advertised with a competitive 5.7% CAP rate from day one, making it an appealing opportunity for income-focused investors.
Significant Repositioning & Development Potential: C2 zoning and two contiguous parcels totaling 7,429 sq ft provide substantial upside for future redevelopment, expansion, or adaptive reuse.
Established Tenant Base: Three units are currently leased to long-term tenants on market-rate leases, ensuring immediate and stable cash flow for a new owner.

Cons

Advanced Property Age: Constructed in 1935, the buildings are nearly 90 years old, likely necessitating significant capital expenditures for system upgrades, modernization, and potential deferred maintenance.
Substantial Price Reduction: The property has undergone a considerable price drop from its original listing, which may signal an initial overvaluation, prolonged market exposure, or undisclosed challenges.
Limited Initial Transparency: Full financial and operational details are reserved for an Offering Memorandum, requiring deeper engagement from interested parties for comprehensive due diligence.

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