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245-261 E 157th St
Gardena, CA 90248
L.A. Industrial in Top-Performing Submarket · Industrial Property For Sale
Investment Highlights
- Huge Value-Add Opportunity: The largest tenant at the property vacated at the end of October leaving the project 77% leased.
- Below Market Rents: Average in-place rents are more than 30% below market.
- Motivated Seller / Attractive Basis: The seller is motivated to transact by year-end.
- A new owner will be able to quickly backfill the space and stabilize the property.
- Extremely Tight Submarket: The South Bay is the #1 industrial submarket in Los Angeles and currently boasts a vacancy rate of just 2.1%.
- The property is expected to trade at an extremely attractive basis compared to similar properties in the area.
Property Facts
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Manufacturing | Year Built | 1962 |
| Building Class | C | Parking Ratio | 2.31/1,000 SF |
| Lot Size | 2.86 AC | Clear Ceiling Height | 19’ |
| Rentable Building Area | 70,546 SF | No. Drive In / Grade-Level Doors | 15 |
| Zoning | LCM1* - Light Manufacturing | ||
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 2.86 AC |
| Rentable Building Area | 70,546 SF |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 2.31/1,000 SF |
| Clear Ceiling Height | 19’ |
| No. Drive In / Grade-Level Doors | 15 |
| Zoning | LCM1* - Light Manufacturing |
Amenities
- Fenced Lot
- Security System
- Signage
- Skylights
- Air Conditioning
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating
Property Taxes
| Parcel Number | 6129-019-038 | Improvements Assessment | $5,836,644 |
| Land Assessment | $9,020,268 | Total Assessment | $14,856,912 |
Property Taxes
Parcel Number
6129-019-038
Land Assessment
$9,020,268
Improvements Assessment
$5,836,644
Total Assessment
$14,856,912
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