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16806 S Western Avenue

Gardena, CA 90247
  • $1,195,000
  • STATUS: Active
  • ON SITE: 738 Days
  • ID#: PV19270092
UPDATED: 50 min ago
$1,195,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,587
    SQFT
  • $333
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1961
County:

School Ratings & Info

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

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 "The City of Opportunity booming with growth and activity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-30T10:25:34.333. 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 Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
www.thefoxfactor.com/homes/101225389
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16806 S Western Avenue Gardena, CA 90247

  • Price: $1,195,000
  • Status: Active
  • On Site: 738 Days
  • Updated: 50 min ago
  • ID#: PV19270092
0
Beds
0
Baths
0
½ Baths
0.15
Acres
3,587
SQFT
$333
$/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 "The City of Opportunity booming with growth and activity.
Exterior Features

Construction Materials DrywallWood Siding Entry Level 1 Fencing Wood Lot Features 0-1 Unit/AcreFlat Roof Composition Sign On Property YN No Topography Level

Interior Features

Cooling None Cooling YN No

Property Features

Additional Parcels YN No Cap Rate 4.9 Common Interest None Current Financing Conventional Electric Expense 3600 Gross Scheduled Income 98940 Insurance Expense 2000 Land Lease YN No Laundry Features Common Area Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Maintenance Expense 3000 Net Operating Income 59536 Number Of Units Leased 9 Operating Expense 39404 Property Sub Type Mixed Use Special Listing Conditions Standard Tax Annual Amount 15000 Tax Year 2021 Trash Expense 2232 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 3004 Water Sewer Expense 2629 Water Source Public Zoning Gac3



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-11-30T10:25:34.333. 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 Fox Real Estate Team | HomeSmart Realty West. Licensed in the State of California, USA.
 
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Fox Real Estate Team | HomeSmart Realty West
300 Carlsbad Village Drive #217
Carlsbad CA, 92008
Listing provided courtesy of Edward Barrios of Vista Sotheby's International Realty