$2,100,000
$2,150,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
7,416 SqFt
SOLD DATE : 08/12/2021
Key Details
Sold Price $2,100,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 7,416 sqft
Price per Sqft $283
MLS Listing ID SB21055242
Sold Date 08/12/21
HOA Y/N No
Year Built 1955
Lot Size 9,583 Sqft
Acres 0.22
Property Description
11934 Hawthorne Blvd, Hawthorne, a 6-unit retail/office/medical building built in 1955 located in Los Angeles’ desirable and densely populated South Bay region. The property’s street front was updated in 2008. The proximity to a large residential population and consumer base; along with the highly visible street frontage make this an ideal USER opportunity for medical and dental professionals, among others. This location was a HIGHLY successful private practice for decades and is in practically turn key for SBA users.
All leases are month-to-month basis, ideal for an investor to re-tenant the building and achieve the value add potential with the existing rent upside, or more significantly for professional use, while producing income through the balance of the non owner occupied space.
The property benefits from the high demand for South Bay commercial property and is located near some major area tenants including Tesla, SpaceX, Boeing, Toyota, Lockheed Martin, Honda, Tesoro, and newly announced Amazon’s Ring headquarters.
11934 Hawthorne Boulevard is positioned with immediate access to vital Los Angeles arteries of the I-105 and I-405 freeways. Also, easy access to the Metro Green Line and I-110 freeway, LAX and many of the luxurious South Bay beaches are approximately 6 miles away.
Office, Retail: 7,416 Square feet built in 1955 rehabbed façade 2008.
Location
State CA
County Los Angeles
Area 108 - North Hawthorne
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Building
Lot Description 6-10 Units/Acre
Water Public
Others
Tax ID 4047030002
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Henry Kang • Koa Properties
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CEO | DRE# SA695240000 | DRE# 02100184