2430 Amsler Street
Torrance, CA 90505 ·
11,960 SF · Industrial For Sale
Amsler St Rehearsal/Recording Studio & Vacant Lot
|Building Size||11,960 SF||Lot Size||19,998 SF|
|Property Type||Industrial||APN / Parcel ID||7376-003-024|
|Parking Ratio||2 / 1,000 SF|
|Property Use Type||Vacant/Owner-User||Features||
|Listing ID: 14353640||Date Created: 09/30/2005||Last Updated: 01/20/2006|
There are two buildings on this lot. The front building is 2 stories, about 8,960 sq.' built in 1958. The rear building is 1 story, about 3,000 sq.' built in 1969. Originally designed with multiple offices, conference room, assembly, shipping & receiving areas. Converted into a professional Music Rehearsal & Recording Studio which is currently occupied by a single tenant business. Net Lease has expired & tenant is now on a month to month lease including both buildings & parking area with 23 parking spaces. Property is completely fenced with an electric entry gate. This property must be sold along with the adjacent lot (priced at $570,000.00, also about 19,998 sq.'), or in a similar time period. Seller will not sell either property unless we have a Buyer for each, or 1 Buyer for both properties (price for both properties is $2,320,000.00). The 2 properties together are about 40,000 sq.' or 0.9 acre & offer the opportunity for significant addition, remodeling &/or development within the M-1 industrial or light manufacturing current zoning. RENT FOR BOTH PROPERTIES IS UNDER MARKET. Combined Cap Rate for both properties is about 4.84%. Sold "AS IS." Do Not Disturb Tenant!!
The Property is located in a very rapidly developing commercial area of the City of Torrance, CA. with much building and property development, in the midst of the South Bay area of greater L.A. County. In a mixed use area with its companion adjacent vacant lot to the east, being sold as a package (LoopNet ID: 14354129), or individually; & next to other industrial buildings. There is a very busy MacDonald's Restaurant and gas station adjacent to the west, on the corner of Crenshaw Boulevard (a major commercial artery). There is a busy bowling alley directly across the street & a large retail center just on the opposite side of Crenshaw Boulevard with anchor clients such as Home Depot, Office Depot, Longs Drugs, Verizon and others. Property values have been increasing rapidly in the area.
- Excellent Location In Busy Developing Area
- Rapidly Appreciating Property Values
- 100% Single Occupancy Net Lease Has Expired
- UNDER MARKET RENTS WITH UPSIDE INCOME POTENTIAL
- Flexible Space With Many Possible Uses
- Now Zoned M-1 Industrial & Light Manufacturing
- Fenced Yard
- Trailer Parking
Not exactly what you're looking for? Start a new custom search to find the perfect property
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.