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Mixed use - Lawndale 4610-4612 Manhattan Beach Blvd 5,510 SF 100% Leased Industrial Building Lawndale, CA 90260 $2,950,000 ($535.39/SF) 5.66% Cap Rate
INVESTMENT HIGHLIGHTS
- Rent roll and financial summary to follow
- Seasoned anchored tenants
- Serving the beach cities and surrounding communities
- Signalized corner location within a few blocks of the 405 fryway
- Mixed use with 8 studio apartments, restaurant and upholstery shop.
- 5.6% cap rate with current rents with rent increases due in 2026
EXECUTIVE SUMMARY
This signalized corner location has multiple long-term tenants including an established restaurant, 8 studio apt's, an upholstery shop and an additional commercial building shared with the restaurant and the upholstery shop. There are two lots that are being sold together with a total lot size of 18,668 sf with 4 buildings of approx. 5,509 sf of net rentable space. There are 18 on-site parking stalls including one ADA stall as well as a work area behind the upholstery shop. This is a prime beach city location with close proximity to the beach cities surrounding communities and within a few blocks of the 405 - freeway - providing immediate access to the 91 and 105 freeways. There's plenty of upside to improve the return with upcoming rental renews.
https://tour.caimagemaker.com/l/?id=183543
https://tour.caimagemaker.com/l/?id=183543
PROPERTY FACTS
| Price | $2,950,000 | Building Class | C |
| Price Per SF | $535.39 | Lot Size | 0.32 AC |
| Sale Type | Investment NNN | Rentable Building Area | 5,510 SF |
| Cap Rate | 5.66% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built | 1955 |
| Property Type | Industrial | Parking Ratio | 3.27/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 8’ |
| Zoning | LNM1YY - commercial - light manufacturing - conforming for the neighborhood | ||
| Price | $2,950,000 |
| Price Per SF | $535.39 |
| Sale Type | Investment NNN |
| Cap Rate | 5.66% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.32 AC |
| Rentable Building Area | 5,510 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 3.27/1,000 SF |
| Clear Ceiling Height | 8’ |
| Zoning | LNM1YY - commercial - light manufacturing - conforming for the neighborhood |
AMENITIES
- 24 Hour Access
- Restaurant
- Signage
- Storage Space
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water
- Sewer
- Heating - Electric
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Amadeos
- Services
- 3,210 SF
- $2.66
- Modified Gross
- -
- Amigo Restaurant
- -
- 1,360 SF
- $4.06
- -
- -
- studio apt
- -
- 250 SF
- $4.00
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Amadeos | Services | 3,210 SF | $2.66 | Modified Gross | - | |
| Amigo Restaurant | - | 1,360 SF | $4.06 | - | - | |
| studio apt | - | 250 SF | $4.00 | - | - |
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Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $398,236 | |
| Land Assessment | $1,592,956 | Total Assessment | $1,991,192 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,592,956
Improvements Assessment
$398,236
Total Assessment
$1,991,192
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Mixed use - Lawndale | 4610-4612 Manhattan Beach Blvd
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