The Monstad Pier leasehold has acquired by the owners of a restaurant that is located on the pier. The property is a historical place at the center of the Redondo Beach Pier and has remained a major shopping, dining, and leisure-time destination, attracting Southern California residents and travelers from different parts of the country and the world.

California attracts millions of visitors from different parts of the globe each year. One area that has consistently headlined the tourism industry in California for years is Redondo Beach. The Monstad Pier is one of the main attractions and offered a unique opportunity to own a long-term leasehold on the Pacific Ocean.