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15202 Prairie Ave
Lawndale, CA 90260
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Easy access to 405 Freeway
- Great Visibility: Over 100 feet of frontage along Prairie Ave.
- 14 parking spaces and rights to shared adjacent lot!
- High Traffic Corridor
- Proximate to Redondo Beach Green line station
EXECUTIVE SUMMARY
15202 Prairie Avenue is an existing 7,014 square foot multitenant retail building with over 100 feet of frontage along Prairie Ave., adjacent to the SEC of Marine Ave and Prairie Ave. The site is zoned C-2, and benefits from close proximity to the San Diego 405 Freeway, El Camino College, and over 140,000 people within a 3 mile radius. The site is an ideal opportunity for an owner-user or an added value investor due to 55% of the property being occupied by short term tenants at below market rents . Additionally, the building is located within the “Green Line Extension Project Area,” which is studying transit service option, with the stated goal to provide congestion relief along the busy 1-405 corridor.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,041 SF
Building Class
C
Year Built
1955
Price
$2,300,000
Price Per SF
$326.66
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.38 AC
Zoning
HAC2* - Commerical
Parking
15 Spaces (2.13 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 4073-001-019 | Improvements Assessment | $440,846 |
| Land Assessment | $772,101 | Total Assessment | $1,212,947 |
PROPERTY TAXES
Parcel Number
4073-001-019
Land Assessment
$772,101
Improvements Assessment
$440,846
Total Assessment
$1,212,947
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