south bay development opportunity n 422 south pch€¦ · real estate businesses including, but not...

South Bay Development Opportunity422 South PCHREDONDO BEACH, CALIFORNIA 902770.17 ACRES OF LAND (C2 ZONING)

HERMOSABEACH

REDONDO BEACHMARINA

REDONDO BEACH

PACIFIC OCEAN

N

PEARL ST

S BROADWAY

0.3

0 M

ILE

S TO

BE

AC

H

S GUADALUPE AVE

CATALINA AVE

S PACIFIC COAST HWY (41,000 VPD)

RU

BY

ST

50 FT

60 FT

Affiliated Business Disclosure

CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

Confidentiality Agreement

Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

Disclaimer

This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

© 2017 CBRE, Inc. All Rights Reserved.

S PACIFIC C

OAST HW

Y (41,0

00 VPD)

RUBY ST

PEARL ST

S GUADALUPE AVE

HERMOSA BEACH

MANHATTAN BEACH

REDONDO BEACHMARINA

REDONDO BEACH

PACIFIC OCEAN

01 02 03 04 05ExecutiveSummary

Property/ZoningSummary

Proforma Analysis

Area Overview

Sample Projects

INVESTMENT PROPERTIES LOS ANGELES RETAIL:

Dan RileySenior Vice PresidentLic. 01057519+1 310 363 [email protected]

Austin WolitarskyAssociateLic. 01957206+1 310 363 [email protected]

TORRANCE BLVD

N

42

2 S

OU

TH

PC

HR

ED

ON

DO

BE

AC

H : C

A

4

422 SOUTH PCH offers a rare development opportunity in the South Bay city of Redondo Beach, CA. The 0.17 acre lot is zoned C-2 meaning all future uses on the property must be commercial. The existing improvements include a house + detached garage which can be rented out on a short term basis to hedge against carry costs. The allowable FAR per the zoning is 0.5, by right the buildable area is 3,660 SF. Ownership has consulted extensively with the City of Redondo Beach Planning Department /Local Architects and come up with multiple designs for a 3,600 SF commercial building which adheres to RB-C2 zoning parameters. This is a tremendous opportunity for a developer to step in and take over this highly desirable Pacific Coast Highway site at an equitable cost basis.

INVESTMENT HIGHLIGHTS• COVETED PACIFIC COAST HIGHWAY ADDRESS

The Pacific Coast Hwy. corridor within Redondo Beach is in the midst of a revitalization with a number of reposition/redevelopment projects underway. 422 PCH presents a rare opportunity to acquire one of the few available commercial development parcels in the South Bay.

• PRELIMINARY DUE DILIGENCE COMPLETE Current ownership has spent significant time and money on up front due diligence including extensive meetings/dialogue with the City of Redondo Beach Development Manager, Planning Manager, and Zoning Analyst to understand what can be built by right as well as engaging a local South Bay architect to come up with multiple design/configuration options for a 3,600 SF two story commercial property.

• COMMERCIAL ZONING / FUTURE USERS The property’s C2 zoning allows for a wide variety of commercial uses including food & beverage sales, office, retail, restaurants, and more (see zoning summary for further detail). The zoning creates an opportunity for a developer to target a broad range of tenants during lease up OR for multiple types of owner/users to create their ideal space.

• FRONTAGE, ACCESSIBILITY, & CONFIGURATION With 50 feet of frontage along Pacific Coast Hwy, the property is highly visible to the ±41,000 Vehicles Per Day driving by. In addition, the recently installed traffic signal at PCH and Pearl Street has significantly slowed down the speed of traffic driving by the site. Lastly, the parcel is accessible via Pacific Coast Hwy. as well as Guadalupe Ave creating multiple configuration/access options for the future developer.

EXISTING SITE DESCRIPTION

ADDRESS: 422 S Pacific Coast Hwy, Redondo Beach, CA 90277

APN: 7508-020-035

LAND SF: 0.17 acre (7,321 SF)

FRONTAGE: 50 linear feet (Pacific Coast Hwy)

ZONING: RB-C2 (any future use must be commercial; see zoning summary for full detail)

ZONING FAR: 0.5

TRAFFIC COUNT: 41,000 VPD (S PCH & Pearl St) *source: Costar

OWNERSHIP: Fee Simple

PROPOSED DEVELOPMENT

PROPOSED 1ST FL: 2,300 SF

PROPOSED 2ND FL: 1,300 SF (with Ocean View)

TOTAL: 3,600 SF

PARKING STALLS: 12 (3 stalls/1,000 SF)

EXECUTIVE SUMMARY


S GUADALUPE AVE

OFFERING PRICE: $1 ,550,000

50 FT

50 FT

DRIVEWAYACCESS

VACANTRESIDENTIAL

C2

C2

C2

C2

C2

C2

42

2 S

OU

TH

PC

HR

ED

ON

DO

BE

AC

H : C

A

5

PROPERTY SUMMARY

PROPOSED TYPE: OFFICE/RETAIL (COMMERCIAL)

PROPOSED 1ST FL: 2,300 SF

PROPOSED 2ND FL: 1,300 SF (with Ocean View)

TOTAL: 3,600 SF

PARKING STALLS: 12 (3 stalls/1,000 SF)

ACCESS: PCH Driveway Cut Out or existing Driveway on Guadalupe Ave

Conceptual Rendering

Existing Improvements

• Existing House & Garage can be leased on a short term basis to hedge against carry costs.

• Projected monthly rental = ±$2,000

42

2 S

OU

TH

PC

HR

ED

ON

DO

BE

AC

H : C

A

6

PROPERTY SUMMARY

Traverse PC

LEGEND

Approximate start ofnew building facade(Caltrans 10 Foot PCH Setback)

42

2 S

OU

TH

PC

HR

ED

ON

DO

BE

AC

H : C

A

7

ZONING SUMMARY

10-2.622 DEVELOPMENT STANDARDS: C-2 COMMERCIAL ZONE

(a) Floor area ratio. The floor area ratio (F.A.R.) of all buildings on a lot shall not exceed 0.5 (see definition of floor area ratio in Section 10-2.402).

(b) Building height. No building or structure shall exceed a height of thirty (30) feet (see definition of building height in Section 10-2.402).

(c) Stories. No building shall exceed two (2) stories (see definition of story in Section 10-2.402).

(d) Setbacks. The minimum setback requirements shall be as follows:

(1) Front setback. There shall be a minimum front setback of five (5) feet the full width of the lot, except where a lot is contiguous to a residentially zoned lot fronting on the same street, in which case the required front setback shall be the same as required for the contiguous a residential lot.

(2) Side setback.

a. There shall be a minimum side setback of ten (10) feet the full length of the lot on the street side of a corner or reverse corner lot.

b. No side setback shall be required along the interior lot lines, except where the side lot line is contiguous to a residential zone, in which case the following standards shall apply:

1. There shall be a minimum side setback of twenty (20) feet the full length of the lot; (*City Planning has indicated they will not require the 20 foot setback from neighboring resi property to the north)

2. The required side setback may be modified pursuant to Planning Commission Design Review (Section 10-2.2502).

(3) Rear setback. No rear setback shall be required, except where the rear lot line is contiguous to a residential zone, in which case the following standards shall apply:

a. There shall be a minimum rear setback of twenty (20) feet the full width of the lot; (*City Planning has indicated they will not require the 20 foot setback from neighboring resi property to the north)

b. The required rear setback may be modified pursuant to Planning Commission Design Review (Section 10-2.2502).

(e) General regulations. See Article 3 of this chapter.

(f) Parking regulations. See Article 5 of this chapter.

(g) Sign regulations. See Article 6 of this chapter.

(h) Landscaping regulations. See Article 7 of this chapter.

(i) Procedures. See Article 12 of this chapter.

(Ord. 2756 c.s., eff. January 18, 1996)

*** IN ADDITION TO THE SETBACKS REQUIRED BY THE ZONING THERE IS A TEN FOOT SETBACK OFF PACIFIC COAST HWY. REQUIRED BY CAL-TRANS. ***

SAMPLE ALLOWABLE USES RB-C2 ZONING

• Food & Beverage Sales• Offices• Art Studio• Restaurants

• Retail Sales• Banks & Savings• Personal Services• Maintenance/Repair Services

FOR FULL USE SUMMARY PLEASE VISIT:http://qcode.us/codes/redondobeach/view.php?topic=10-5-2-3-10_5_620

http://qcode.us/codes/redondobeach/view.php?topic=10-5-2-3-10_5_620

http://qcode.us/codes/redondobeach/view.php?topic=10-5-2-3-10_5_620

42

2 S

OU

TH

PC

HR

ED

ON

DO

BE

AC

H : C

A

8

DEVELOPMENT PROFORMA ANALYSIS

PRO-FORMA RENT REVENUE

SF (Building) 3,600 Proforma 1st Floor Rent (2,300 SF) $3.50Proforma 2nd Floor Rent (1,300 SF) $3.30Monthly Base Rent $12,340Annual Base Rent $148,080Vacancy Factor 3%Proforma NOI $143,638Annual Rent Increase 3.00%SF (Land) 7,321 * All base rental revenue assumed to be NNN

PROFORMA STABILIZED VALUE HIGH PROBABLE LOWCAP RATE 4.75% 4.85% 4.95%VALUE $3,023,949 $2,961,600 $2,901,770$/SF (Bldg.) $840 $823 $806

PRO-FORMA PROJECT COST

Construction Costs (Hard) : $220/SF (792,000) (792,000) (792,000)Construction Costs (Soft) : $30/SF (108,000) (108,000) (108,000)TI Contribution : $15/SF (54,000) (54,000) (54,000)Leasing Commissions (39,102) (39,102) (39,102)Operating Reserves (12 Month)

Real Estate Tax (12 Month Carry) (19,350) (19,350) (19,350)Insurance (5,000) (5,000) (5,000)Due Diligence & Misc. (10,000) (10,000) (10,000)Legal (Deal + Leasing) (20,000) (20,000) (20,000)

Total Cost (1,047,452) (1,047,452) (1,047,452)

Developer Profit (12%) (362,874) (355,392) (348,212)

CURRENT (AS-IS)VALUE RANGE

$1,613,624 $1,558,756 $1,506,106

422 SOUTH PACIFIC COAST HWY, REDONDO BEACH, CA

DEVELOPMENT PROFORMA ANALYSIS

S PACIFIC COAST HWY

RUBY ST

PEARL ST

S G

UA

DA

LUPE

AV

E

PACIFIC OCEAN

N

S PAC

IFIC C

OA

ST HW

Y (41,0

00

VPD

)

S GUADALUPE AVE

RUBY ST

SAPPHIRE ST

CATALINA AVE

S BR

OA

DW

AY

S FR

AN

CIS

CA

AV

E

S GERTRUDA AVE

PEARL ST

PACIFIC OCEAN

N

42

2 S

OU

TH

PC

HR

ED

ON

DO

BE

AC

H : C

A

10

AREA OVERVIEW

NeighborhoodsThe ocean side of Pacific Coast Highway (PCH) has restaurants and boating activities while inland of PCH is largely residential. Redondo Breakwall is a well-known surf spot in the South Bay. Bordering the Marina is the AES power plant, which has been the source of substantial political debate in the city over the last decade, largely centered over what to do with the land once the plant becomes inactive over the next 25 years. This power plant sports Whaling Wall number 31, a 586 ft. (179 m) × 95 ft. (29 m) whale mural by world-famous artist Robert Wyland titled “Gray Whale Migration”.

Redondo Beach has a distinct division between the north and south sections of the city with 190th, Anita, and Herondo streets forming its east-west boundary line. South Redondo is along the beachfront with the pier and marina/harbor complex. The small business district near the pier and marina was revived in the 1990s by beachgoers and new residents who wanted to sell beachwear and surfing accessories. That district was once focused on fishing and canning when the pier was used to transport fish-based foodstuffs and canned fish to American and Asian consumers, but that industry had an economic downfall in the 1970s and 1980s. South Redondo has wide streets, wide sand beaches and laid-back feel make it a prime destination for those seeking a “bike to the grocery store” community. Several close-knit neighborhoods exist; South Broadway hosts street parties in the summer where children play on jumping gyms and the local fire department judges the best dessert contest while kids climb their pumper truck. The main library is located in the Civic Center.

Many original homes still stand in Redondo Beach neighborhoods, but many small Arts

and Crafts style homes have been demolished and replaced with new modern houses.

Zoning allows properties within two to three blocks of the beach to be developed as

large, two to three-unit luxury townhomes; inland areas are more likely to have single-

family homes. There is a citywide height limit of 32 ft (9.8 m) for new homes but

rooftop living spaces and decks are allowed.

A revitalized local shopping area affectionately termed “Riviera Village” (named

so after the Hollywood Riviera, the area in which it is located) provides locals an

opportunity to eat, shop and commune in a quiet atmosphere. Since 2004 several new

or newly renovated restaurants have made a positive impact on local options for an

on-the-town experience. This area also supports a number of independent boutiques

and shops specializing in clothing and fashion, as well as at least three wine-tasting

galleries. The Riviera Village area is in South Redondo west of PCH between Avenue I

and Palos Verdes Blvd.

The Marina, Harbor and Pier complexes are planned centers of activity

that host seafood restaurants, touristy bars, smaller shops and a games

arcade. The pier is a common spot for anglers to cast for a local catch; many

residents of inland Los Angeles drive to Redondo Beach to take advantage

of the unique, triangular shape of this pier. The adjacent Marina, located just

north of the Pier, is home to another half-dozen restaurants, a seafood shop,

and a pub with almost 100 beers on tap.

QUICK FACTS:

INCORPORATED: April 29, 1892

2016 POPULATION: 68,271

HOUSEHOLDS: 29,368

2016 AVERAGE HH INCOME: $134,787

WEBSITE: redondo.org

CITY OF REDONDO BEACH

42

2 S

OU

TH

PC

HR

ED

ON

DO

BE

AC

H : C

A

11

Lifestyle

Much of the Redondo Beach lifestyle is a blend of the neighborhoods,

activities and people of the three Beach Cities of Southern California’s

South Bay. Like its sister cities of Hermosa Beach and Manhattan Beach,

Redondo’s draw is the beach that links the three cities.

The beach starts below the bluffs of Palos Verdes in the south (after

Torrance Beach) and carries north to the Redondo Pier. The area of the

beach that starts in Palos Verdes is known as “RAT (Right After Torrance)

Beach.” The Marvin Braude Bike Trail runs from Torrance through South

Redondo, north to Hermosa Beach, Manhattan Beach, and eventually to

Santa Monica. The path is broken by the Redondo Beach King Harbor

Marina and Pier complex, where it veers away from water and onto

dedicated lanes of surface streets for about a mile before again turning

to the ocean in Hermosa Beach. Continuing north from Manhattan Beach,

the path stretches to Marina Del Rey.

Surfing is an element of the South Bay lifestyle year-round. Winter

storms in the Pacific Ocean sometimes turn typically placid and rolling

South Bay waves into large and occasionally dangerous waves, a draw

for surfers. Wave heights in December 2005 were some of the largest

on record at 15 feet (4.6 m) to 20 feet (6.1 m) Beach volleyball is another

aspect of Redondo Beach’s lifestyle. The wide and flat sand beaches

provide the perfect venue for the sport and permanent poles and

nets are placed and maintained by the city year-round. Professional

tournaments managed by the AVP take place in neighboring Hermosa

and Manhattan Beach. Redondo Beach is home to Gold Medalist Kerri

Walsh and AVP Pro Casey Jennings.

42

2 S

OU

TH

PC

HR

ED

ON

DO

BE

AC

H : C

A

12

SAMPLE PROJECTS

324-326 S PACIFIC COAST HWY, REDONDO BEACH, CA

TYPE: Office

BLDG SF: 5,847 SF

STORIES: Two (2)

LAND ACRES: 0.26 (0.50 FAR)

ZONING: RBMU-3

PARKING: 18 Stalls (3 stalls/1,000 SF)

BUILT/RENOV: 1973/2010

ASKING RENTS: $3.25/SF/Mo. (2nd Fl)

TENANT PROFILES: Home Services, Fitness, Family Offices, Auto Services, Cafe

219 AVE I, REDONDO BEACH, CA (PROPOSED)

TYPE: Mixed Use (Proposed)

BLDG SF: 9,000 SF

STORIES: Two (2)

LAND ACRES: 0.35

ZONING: RBMU-3C

PARKING: N/A

BUILT/RENOV : 2018 (Target Date)

ASKING RENTS: $5.00-$6.00/SF/Mo.

TENANT PROFILES: Restaurant

1014 S PACIFIC COAST HWY, REDONDO BEACH, CA

TYPE: Live/Work

BLDG SF: 2,400 SF

STORIES: Two (2)


ZONING: RB-C2-PD

PARKING: 8 Stalls (3.56 stalls/1,000 SF)

BUILT/RENOV: 2010

ASKING RENTS: $3.25-$3.50/SF/Mo. (Office)

TENANT PROFILES: Government Office, Family Office, Healthcare, Office, Art Studio

217-219 S PACIFIC COAST HWY, HERMOSA BEACH, CA

TYPE: Retail

BLDG SF: 4,388 SF

STORIES: One (1)


ZONING: HB-3-CYY

PARKING: 12 Stalls + City Metered Lot

BUILT/RENOV: 2017

ASKING RENTS: $3.75/SF/Mo.

TENANT PROFILES: Coffee/Food, Art/Home Decor Store

CURRENT ASKING CAP RATE: 4.00% Cap

324-326 S PACIFIC COAST HWY, REDONDO BEACH, CA


217-219 S PACIFIC COAST HWY, HERMOSA BEACH, CA

219 AVE I, REDONDO BEACH, CA (PROPOSED)

42

2 S

OU

TH

PC

HR

ED

ON

DO

BE

AC

H : C

A

13

SAMPLE PROJECTS

1032 PACIFIC COAST HWY, REDONDO BEACH, CA

TYPE: Restaurant (Proposed)

BLDG SF: 5,000 SF

STORIES: Two (2)


ZONING: RB-C2-PD

PARKING: 8 Stalls

BUILT/RENOV: 1973/2010

ASKING RENTS: $6.67-$10.00/SF/Mo.

TENANT PROFILES: Restaurant (Proposed)


TYPE: Office

BLDG SF: 8,800 SF

STORIES: Two (2)

LAND ACRES: 0.19*

ZONING: C3

PARKING: 8 Stalls (3.56 stalls/1,000 SF)

BUILT/RENOV: 2016

ASKING RENTS: N/A (Owner/User)

TENANT PROFILES: Concept 21

*Land was sold Nov 2014 to Concept 21 for $2.3M ($280/SF Land)

*422 S PACIFIC COAST HWY, REDONDO BEACH, CA (SUBJECT)*

TYPE: Retail/Office (Proposed)

BLDG SF: 3,600 SF

STORIES: Two (2)

LAND ACRES: 0.17

ZONING: C2

PARKING: 12 Stalls (3.0 Stalls/1,000 SF)

BUILT/RENOV: Proposed

ASKING RENTS: N/A

TENANT PROFILES: Office, Retail, Food & Beverage

*All information is based off of preliminary plans*

1032 PACIFIC COAST HWY, REDONDO BEACH, CA


*422 S PACIFIC COAST HWY, REDONDO BEACH, CA (SUBJECT)*

42

2 S

OU

TH

PC

HR

ED

ON

DO

BE

AC

H : C

A

14

1 MILE 2 MILES 3 MILES

2017 POPULATION 25,330 85,113 168,502

2022 POPULATION 25,849 87,145 172,882

2010 POPULATION 24,826 82,720 163,034

2000 POPULATION 24,207 79,511 154,072

2010-2017 ANN. GROWTH RATE 0.28% 0.39% 0.46%

2017-2022 ANN. GROWTH RATE 0.41% 0.47% 0.51%

2017 MEDIAN AGE 44.60 42.40 42.20

2017 EMPLOYEES 7,914 34,375 82,796


2017 HOUSEHOLDS 11,815 36,560 70,129

2022 HOUSEHOLDS 11,992 37,236 71,563

2010 HOUSEHOLDS 11,694 35,955 68,702

2000 HOUSEHOLDS 11,844 35,699 67,345

2010-2017 ANN. GROWTH RATE 0.14% 0.23% 0.28%

2017-2022 ANN. GROWTH RATE 0.30% 0.37% 0.41%

2017 AVG. HOUSEHOLD SIZE 2.12 2.30 2.39


2017 HOUSEHOLDS 11,815 36,560 70,129

UNDER $15,000 829 2,112 4,109

$15,000-$24,999 812 1,880 3,758

$25,000-$34,999 554 1,658 3,335

$35,000-$49,999 1,059 2,809 5,430

$50,000-$74,999 1,583 5,267 10,094

$75,000-$99,999 1,133 4,399 8,902

$100,000-$149,999 2,049 7,171 13,434

$150,000-$199,999 1,533 4,571 8,325

$200,000 AND OVER 2,264 6,694 12,743

2017 AVG. HOUSEHOLD INCOME $138,955 $136,655 $136,183

POPULATION

HOUSEHOLDS

INCOME

DEMOGRAPHICS

42

2 S

OU

TH

PC

HR

ED

ON

DO

BE

AC

H : C

A

15


2017 POPULATION 25,330 85,113 168,502

WHITE 18,342 57,382 107,515

BLACK OR AFRICAN AMERICAN 538 1,736 3,800

ASIAN 4,037 18,022 40,298

AMERICAN INDIAN OR ALASKA NATIVE 96 331 636

PACIFIC ISLANDER 51 184 440

OTHER RACE 823 2,658 6,045

TWO OR MORE RACES 1,442 4,800 9,769

HISPANIC 3,173 10,853 22,808

WHITE NON-HISPANIC 16,357 50,402 93,327


2017 POPULATION 25 AND OVER 19,640 63,712 123,858

LESS THAN 9TH GRADE 217 808 1,901

9-12TH GRADE - NO DIPLOMA 323 1,322 2,928

HIGH SCHOOL DIPLOMA 1,881 7,105 14,225

GED OR ALTERNATIVE CREDENTIAL 175 556 983

SOME COLLEGE - NO DEGREE 3,329 11,198 22,677

ASSOCIATE`S DEGREE 1,431 4,697 8,968

BACHELOR`S DEGREE 7,297 23,475 45,577

GRADUATE OR PROFESSIONAL DEGREE 4,987 14,551 26,599


2017 POPULATION 25,330 85,113 168,502

AGE 0-4 1,007 3,797 8,082

AGE 5-9 1,100 4,083 8,871

AGE 10-14 1,150 4,472 9,470

AGE 15-19 1,077 4,231 8,789

AGE 20-24 1,354 4,817 9,431

AGE 25-29 1,581 6,017 10,966

AGE 30-34 1,765 6,030 11,350

AGE 35-39 1,924 6,201 12,052

AGE 40-44 1,858 6,074 12,061

AGE 45-49 2,017 6,484 12,862

AGE 50-54 2,213 7,042 13,698

AGE 55-59 2,142 6,784 13,079

AGE 60-64 1,807 5,590 10,780

AGE 65-69 1,453 4,447 8,744

AGE 70-74 1,074 3,173 6,366

AGE 75-79 721 2,244 4,551

AGE 80-84 513 1,714 3,456

AGE 85 AND OLDER 573 1,912 3,893

2017 MEDIAN AGE 44.60 42.40 42.20

RACE & ETHNICITY

EDUCATION

AGE

DEMOGRAPHICS

South Bay Development Opportunity422 South PCH

REDONDO BEACH, CALIFORNIA 902770.17 ACRES OF LAND (C2 ZONING)

PACIFIC OCEAN

N

INVESTMENT PROPERTIES LOS ANGELES RETAIL:

Dan RileySenior Vice PresidentLic. 01057519+1 310 363 [email protected]

Austin WolitarskyAssociateLic. 01957206+1 310 363 [email protected]


CATALINA AVE

RUBY ST

SAPPHIRE ST

PEARL ST

S GUADALUPE AVE

S FRANCISCA AVE

REDONDO BEACH

TOR

RA

NC

E B

LVD

south bay development opportunity n 422 south pch€¦ · real estate businesses including, but not...

Documents