The city of Redondo Beach is one of the premier cities in Southern California. Widely known for its beautiful beaches, active life-style of surfing, running, walking, biking (its world class bike path), and boating. Major shopping is near by of both the South Bay Galleria, Del Amo Shopping Mall, as well as Riviera Village. Redondo Beach and the adjacent South Bay is also home to major high tech corporations and aerospace, such as Northrop Grumman, Boeing and is the second largest high-tech community outside of the silicon valley. In addition, the medical segment has two of the largest and top 100 hospitals in the United States, as well as the Beach Cities Health District, which is the hub of the Blue Zones in the United States, promoting community health with its many successful programs and servicing of its 200,000 population.Although highly successful as a hotel, this property would be equally successful as a medical suites, or medical purposing.The average 3- bedroom home in Redondo Beach exceeds $1 million. Between 1999-2005 average property values grew by over 20%, and have continued significant growth year over year, and is one of the leading communities in Southern California.
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