The current list price is $12,000,000 while the parking structure renovation is underway during the Spring of 2024 with an anticipated completion date in the summer. Once the project is complete, all the units are leased and new lease terms have been secured with current tenants then the price will be increased to $13,500,000 or more. (This is a value add opportunity, ideal for an owner user or investor). The seller may consider an adjusted price point for an as is offer while improvements are being completed. Owner financing maybe considered for a qualified buyer with terms to be determined for a possible long term commitment. A High traffic signalized corner located at the gateway to the beach communities of Redondo and Hermosa Beach. Easy to show lock box on second floor - call listing agent for an accompanied tour or go at your leisure from 9 to 4:30 (elevator and stair well are locked after hours).

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.