16806 S Western Avenue

    Gardena, CA 90247
    • $1,200,000
    • STATUS: Active
    • ON SITE: 131 days
    • ID#: PV19270092
    UPDATED: 24 min ago
    $1,200,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,587
      SQFT
    • $335
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Located in the vibrant Western Avenue corridor in the City of Gardena, this mixed-use property offers an opportunity for strong cash flow and growth potential in a location surrounded by strong commerce with global companies, an abundance restaurants and entertainment, and a thriving population. This corner lot property is situated at Western Avenue & 168th Street on a 6,499 sq.ft. lot, featuring 3,587 sq.ft. of space - 875 sq.ft. of commercial retail/office facing Western Avenue, and 2,700 sq.ft. for 9-units of residential. The unit mix consists of (1) 2/1, (2) 1/1, and (6) Studios. Plans are available to convert the residential units to (1) 2/1, (3) 1/1, and (1) Studio, garage, laundry, with space at the rear of the property for potentially up to 4 additional parking spaces. The property is in close proximity to the business rich South Bay area of Los Angeles, surrounded by aerospace, technology, entertainment, automotive, manufacturing, and just minutes from the 405 and 110 freeway, providing short easy access to Downtown LA, LAX, Los Angeles Harbor, the South Bay beach communities, as well as the new NFL stadium development in Inglewood. This premier mixed-use property brings the potential for established commercial and residential tenants in +G+The City of Opportunity+G- booming with growth and activity.http://www.vistasir.com/eng/sales/detail/439-l-4602-438cbv/16806-s-western-ave-gardena-ca-90247

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-02T16:29:06.993. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

    www.sdluxe.com/homes/101225389

    16806 S Western Avenue Gardena, CA 90247

    • Price: $1,200,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: PV19270092
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,587
    SQFT
    $335
    $/SQFT
    1961
    Built
    Neighborhood:
    119 - Central Gardena
    County:
    Los Angeles
    Area:
    119 - Central Gardena
    Property Description
    Located in the vibrant Western Avenue corridor in the City of Gardena, this mixed-use property offers an opportunity for strong cash flow and growth potential in a location surrounded by strong commerce with global companies, an abundance restaurants and entertainment, and a thriving population. This corner lot property is situated at Western Avenue & 168th Street on a 6,499 sq.ft. lot, featuring 3,587 sq.ft. of space - 875 sq.ft. of commercial retail/office facing Western Avenue, and 2,700 sq.ft. for 9-units of residential. The unit mix consists of (1) 2/1, (2) 1/1, and (6) Studios. Plans are available to convert the residential units to (1) 2/1, (3) 1/1, and (1) Studio, garage, laundry, with space at the rear of the property for potentially up to 4 additional parking spaces. The property is in close proximity to the business rich South Bay area of Los Angeles, surrounded by aerospace, technology, entertainment, automotive, manufacturing, and just minutes from the 405 and 110 freeway, providing short easy access to Downtown LA, LAX, Los Angeles Harbor, the South Bay beach communities, as well as the new NFL stadium development in Inglewood. This premier mixed-use property brings the potential for established commercial and residential tenants in +G+The City of Opportunity+G- booming with growth and activity.http://www.vistasir.com/eng/sales/detail/439-l-4602-438cbv/16806-s-western-ave-gardena-ca-90247
    Exterior Features

    Construction Materials Drywall WallsWood Siding Entry Level 1 Fence YN Yes Fencing Wood Lot Features 0-1 Unit/Acre Lot Size Dimensions 50X130 Lot Size Source Assessor Lot Size Units Square Feet Roof Composition Topography Flat

    Interior Features

    Condo Area Units Square Feet Cooling None Cooling YN No Laundry Features Common Area

    Property Features

    Accounting Type Proforma Additional Parcels YN No Asset Class Multi-FamilyOfficeRetail Building Area Units Square Feet Building Status Existing Cap Rate 5.00 Country Us Electric Expense 3600.00 Expense Year 2020 Gross Scheduled Income 99300.00 Insurance Expense 2000.00 Investment Property YN Yes Land Lease YN No Land Use Multi-FamilyOfficeRetail Laundry Income 960.00 Laundry YN Yes Leasable Area Units Square Feet Lease Considered YN No Lot Dimensions Source Assessor Maintenance Expense 3000.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 60127.00 Number Of Units Leased 9 Occupancy Occupied Operating Expense 39173.00 Professional Management Expense 6500.00 Property Sub Type Mixed Use Real Estate Tax Expense 15000.00 Residential Square Footage 2700 Retail Center Type Mixed Use Retail Square Footage 874 Special Listing Conditions Standard Tax Annual Amount 1500.00 Tax Rate 1.25 Tax Year 2020 Total Monthly Rent 7700 Trash Expense 2232.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 2772 Water Sewer Expense 2629.00 Water Source Public Year Built Source Assessor Zoning Gac3

    Listing provided courtesy of Edward Barrios of Vista Sotheby's International Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-02T16:29:06.993. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

     
    Crudo & Associates | Willis Allen Real EstateLa Jolla
    1131 Wall St.
    La Jolla CA, 92037