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Sepulveda Retail 1228-1232 Sepulveda Blvd 8,148 SF 100% Leased Retail Building Harbor City, CA 90710 $2,300,000 ($282.28/SF)
Investment Highlights
- Rare South Bay development or value-add investment opportunity
- Passive billboard income
- Short-term Leases – Upside in Rents
- Flexible zoning allows for a variety of potential uses
- High-growth area with increasing demand for commercial and mixed-use projects
- Easy Accessibility – Multiple Ingress/Egress Points
Executive Summary
Major Price Reduction
We are pleased to present 1220-1232 Sepulveda Blvd., Harbor City, CA. Located in the heart of the South Bay, the multi-tenant property is on the market for the first time in sixty years. This is a rare opportunity for developers to reposition the property while also presenting investors with a value-add opportunity.
The property consists of three free-standing buildings, totaling 8,148 Square Feet of gross leasable area. Situated on 26,350 SF of land, the property is strategically positioned on Sepulveda Blvd., a major thoroughfare. The property has excellent visibility and high-traffic count. The flexible zoning allows for various uses including but not limited to retail, office, manufacturing, church, R4 Uses. There is ample on-site parking. Passive Billboard income. The property is adjacent to new multifamily and retail developments. Near the 110/405/91 freeways.
We are pleased to present 1220-1232 Sepulveda Blvd., Harbor City, CA. Located in the heart of the South Bay, the multi-tenant property is on the market for the first time in sixty years. This is a rare opportunity for developers to reposition the property while also presenting investors with a value-add opportunity.
The property consists of three free-standing buildings, totaling 8,148 Square Feet of gross leasable area. Situated on 26,350 SF of land, the property is strategically positioned on Sepulveda Blvd., a major thoroughfare. The property has excellent visibility and high-traffic count. The flexible zoning allows for various uses including but not limited to retail, office, manufacturing, church, R4 Uses. There is ample on-site parking. Passive Billboard income. The property is adjacent to new multifamily and retail developments. Near the 110/405/91 freeways.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
8,148 SF
Building Class
C
Year Built
1966
Price
$2,300,000
Price Per SF
$282.28
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.60 AC
Zoning
LCC2* - General Commercial
Parking
18 Spaces (2.21 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 7409-001-049 | Improvements Assessment | $266,802 |
| Land Assessment | $120,346 | Total Assessment | $387,148 |
Property Taxes
Parcel Number
7409-001-049
Land Assessment
$120,346
Improvements Assessment
$266,802
Total Assessment
$387,148
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Sepulveda Retail | 1228-1232 Sepulveda Blvd
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