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$2,695,000 -$255,000 (-8.64%) Price Reduced

  • For Sale
  • Active
  • Retail
  • 2,500 Sq. Ft.
  • 0.1238 Acres
  • Updated 1 day ago
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Super rare Iconic Riviera Village Landmark Building, "The Pillbox Pharmacy". Prominent location on the NW corner of Via Valencia and Palos Verdes Blvd. Standing alone on a Street to alley corner lot, with an unobstructed view looking over Riviera Village and the Palos Verdes Peninsula. A fantastic opportunity for an owner-user or redevelopment project. The existing building is a two-story structure comprised of an upstairs and a downstairs. The downstairs will be vacant by the end of October 2025, and upstairs is currently leased to a church for its office. There is a corner suite upstairs, separate from the Church office, with a private entrance and balcony. The second floor is clear space with two restrooms, a breakroom/kitchenette, and a private entrance. Downstairs is an open space with two entrances, front and back, a restroom, and office space. Easy to show, contact the agent for showing instructions, all reasonable offers will be considered, don't be shy! Good luck and thank you.

Full Property Details for 165 Palos Verdes

General

  • Price: $2,695,000
  • Status: Active
  • Type: Retail
  • Source: MRMLS
  • MLS ID: SB25246303
  • Updated: 1/29/2026
  • Days on Market: 99 days
  • Added to Site: 99 day(s) ago

Business

  • Business Type: Commercial, Drugstore

Rooms

Other Rooms

  • Laundry: None

Parking

  • Uncovered Spaces: 12

Location

  • County: Los Angeles
  • Driving Directions: Northwest Corner od Palos Verdes Blvd & Via Valencia

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Electric

Utilities

  • Utility Description: Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Connected

Structural Information

  • Construction: Stucco
  • Roof: Flat, Rolled/Hot Mop
  • Entry Floor Number: 1
  • Stories/Levels: 2
  • Building Size: 2500
  • Square Feet: 2,500
  • Year Built: 1964

Lot Features

  • Lot Size (Acres): 0.1238
  • Useable Acres: .1238
  • Lot Size (Sq. Ft.): 5,392
  • Lot Size Source: Assessor
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Landscaped, Level with Street, Rectangular Lot, Level, Near Public Transit
  • Lot Description: 0-1 Unit/Acre, Corner Lot, Landscaped, Level with Street, Rectangular Lot, Level, Near Public Transit
  • Fencing (Description): None

Water Features

  • Water Front Desc.: Ocean Side of Freeway, Ocean Side Of Highway 1

Financial Considerations

  • Price Per Sq. Ft.: $1,078
  • Operating Expenses: $30,590

Disclosures and Reports

  • Investment: Yes
  • Property ID: 7511013014

Listed by West Shores Realty, Inc., GeorgeTakis

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Listing agent

— 165 Palos Verdes —

  • GeorgeTakis

    West Shores Realty, Inc.

310 698-2568

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 165 Palos Verdes

School District:Torrance Unified School District
NameGradesDistance
Riviera Elementary School
365 Paseo De Arena, Torrance, CA 90505
K-50.9 mi
Edward J. Richardson Middle School
23751 Nancylee Lane, Torrance, CA 90505
6-81.1 mi
South High School, Torrance, CA
4801 Pacific Coast Highway, Torrance, CA 90505
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 165 Palos Verdes Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/29/2026
Price Reduced
$2,695,000
-8.64%
MLS
10/23/2025
Listed
$2,950,000
55.26%
MLS
12/09/2022
Sold
$1,900,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 165 Palos Verdes

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,599
3%
$1,976,760
4%
2023
$21,842
132%
$1,900,000
137%
2022
$9,430
1%
$802,628
2%
2021
$9,319
2%
$786,891
1%
2020
$9,180
1%
$778,824
2%
2019
$9,054
4%
$763,554
2%
2018
$8,727
2%
$748,583
2%
2017
$8,546
3%
$733,906
2%
2016
$8,336
2%
$719,517
2%
2015
$8,159
-3%
$708,710
2%
2014
$8,418
7%
$694,828
—
2013
$7,858
—
$691,689
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by West Shores Realty, Inc., GeorgeTakis

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165 Palos Verdes, Redondo Beach, CA 90277 (MLS# SB25246303) is a Retail property. 165 Palos Verdes is currently listed for $2,695,000 and was received on October 23, 2025. Want to learn more about 165 Palos Verdes? Do you have questions about finding other Retail real estate for sale in Redondo Beach? You can browse all Redondo Beach real estate or contact a Coldwell Banker agent to request more information.

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