Introducing The Lagoon Flats, an impressive two-story, seven-unit multifamily investment property situated at 823 Lagoon Ave, Wilmington, CA. This charming garden-style apartment building boasts an attractive exterior, encompassing approximately 5,301 square feet within a 7,512 square foot lot, and holds the LARD1.5 zoning designation. Originally constructed in 1965, The Lagoon Flats underwent a tasteful renovation in 2023, featuring remodeled interior units, a new roof, windows, and drought-tolerant landscaping. The unit composition consists of four one-bedroom/one-bath units, one two bedroom/ two-bath unit, and two two-bedroom/one and
SELLER WILL ENTERTAIN ALL OFFERS. Tremendous upside with a potential for the addition of a two bedroom (App. 760SF) ADU to rear garages, with plans and architectural drawing (see photos). Impressive offering actual CAP Rate of 5.25% / Introducing The Lagoon Flats, an impressive two-story, seven-unit multifamily investment property situated at 823 Lagoon Ave, Wilmington, CA. This charming garden-style apartment building boasts an attractive exterior, encompassing approximately 5,301 square feet within a 7,512 square foot lot, and holds the LARD1.5 zoning designation. Originally constructed in 1965, The Lagoon Flats underwent a tasteful renovation in 2023, featuring remodeled interior units, a new roof, windows, and drought-tolerant landscaping. The unit composition consists of four one-bedroom/one-bath units, one two bedroom/ two-bath unit, and two two-bedroom/one and
Development opportunity. Cash cow building + Value add! 2 lots with 2 APNs. (7416-032-028 - 7,247sf per assessor) and (7416-032-027 - 7,244sf per assessor) Building sits on one APN, buyer can re-develop or sell the other APN. City says minimum 3 (non-rent controlled) units can be added to the vacant lot. Buyer to check. Beautiful character Spanish style building with tile roof. Bread and butter pride of ownership well-maintained 10 units. Significant RENTAL UPSIDE (raise rents, rent out parking spaces) + add laundry machines for more income. See for yourself - the last rental - apt 4 was rented in December 2023 for $1,500. Market rent is about $16,400/ month, or $196,800/ year. 2023-2024 upgrades - exterior paint, stairs, upper and lower decks refinished, new fence, landscaping, auto sprinklers. Capital improvements since purchase in August 2015 - new main drain line from the building to the street (apx 150 feet). Fresh water lines (copper and pex combination) from main meter. New electrical wiring from meters to subpanels, new subpanels, panels, main breakers, Edison meters (10 units + house meter). Permits will be uploaded to supplements. Parking lot re-paved in 2015. Note -units #5,10 are bigger than the rest. Units #4,9 are studios.
Are you waiting for the right spin? This is your time to roll into investing & start with loads of opportunities to own the business & Real Estate! Fresh on the market, commercial building with a "hotspot to fluff and fold" Laundry-mat & refreshing Water-store in Wilmington! The area is getting a new zest of life! New Wilmington Waterfront Promenade & new housing projects and more, that will bring a new cycle of businesses and clients to the area! Don't get washed up and let this one flush away, corner building & own the business with its own parking. Great location nearby apartments, foot traffic, stablished clientele and great visibility.
Beautiful 5 unit townhome built in 1991 and not subject to Los Angeles City Rent Control (buyer to verify). Each unit is 2 bedroom and 1.5 bath and over 1,360sf. Each unit is townhouse style with 2 car private garage on bottom level with direct access to the house. Each unit comes with washer / dryer hookups in the garage. First floor has large living room, eat in kitchen, and half bath. Second floor has two large bedrooms with ample windows and closet and full bathroom. One unit recently renovated with everything new and rented at $2895. Proforma cap 5.67. Current cap 4.34. Owner may carry with 30% down. End units #1 and #5 have balconies. New roof installed in 2022. quiet residential street. Easy access to Freeway. Very low expenses with tenants paying for own gas, electric, trash. Landlord pays only water.
25907 Oak Street is a 23-unit multifamily investment property located in Lomita, CA. 25907 Oak Street consists exclusively of two-bedroom townhomes and offers desirable amenities including garage and surface parking, on-site laundry, private patios, and gated access. Additionally, the property presents an opportunity to add one accessory dwelling unit (ADU) to further increase rental income. 25907 Oak Street is within 1 mile of Rolling Hills Plaza, providing residents with convenient access to a plethora of retail, dining, and entertainment options. Additionally, the property is just over 1 mile from Ken Malloy Harbor Regional Park, one of the largest parks in all of Los Angeles County, which gives residents the opportunity to enjoy numerous outdoor activities. 25907 Oak Street benefits from its location 1.80 miles away from Los Angeles Harbor College, a major economic and housing driver for the area. Furthermore, Pacific Coast Highway and Western Avenues close proximity to the property allow residents easy access to employment hubs throughout the South Bay.
Extremely rare corner lot offering on the famous CA Route 1, Pacific Coast Highway. 90' of frontage on PCH. 0.40 Acres Zoned commercial in the city of Lomita. Owner has concept drawings and plans for a potential drive-thru establishment. Currently operating as a used car dealership, this is an ideal opportunity to purchase frontage on PCH, and either redevelop, or hold onto and continue operating a similar line of business. Currently occupied by owner/user and will be delivered vacant upon COE. Parcels included are: 7553-007-054, 7553-007-016, 7553-007-053.
Major price revision, 5 unit apartment building in Lomita! Prime South Bay market where multifamily properties rarely become available. Well located just North of Pacific Coast Highway in-between Eshelman Avenue and Western Avenue. Wrap-around corner lot with highly sought after layout: (1) front detached house (950 s.f.) with (4) 1 bedroom/1 bath units in the rear (500 s.f. each). Features newer roofs and new individual water heaters for each unit. The house was taken down to the studs and updated/remodeled (2005). 1 of 4 apartment units have been rehabbed (2020). Apartment tenants receive a storage locker 5 x 7 included in their rent located in the parking area and there is an additional structure attached to the rear of the building generating additional monthly storage income. Steady day 1 cash flow + significant rental upside: 5.09% cap rate, 6.45% proforma.
Excellent opportunity to own a commercial property in Wilmington on Pacific Coast Hwy. Currently being used as an auto repair shop. Corner location with high visibility.
We are pleased to present this turnkey (with upside) and easy-to-manage 7-unit classic bungalow community situated on a residential cul-de-sac street in the heart of Lomita. This asset comprises seven completely freestanding homes, including six 1-bedroom residences and one 3-bedroom, 2-bathroom "owner's unit." Listed at a 4.6% current cap rate and 15 current GRM. Each of the bungalows feel like single family homes, complete with private yards, in-unit laundry and plenty of interior space. Five of the seven bungalows have been renovated within the past ~12 months, including the impressive "owner's unit" a professionally designed ~1,200 square foot 3-bed, 2-bath home with a gorgeous chef's kitchen, open floorplan, private yard, master suite with a walk-in closet and elegant ensuite bathroom, private 1 car garage (plus extra parking), minisplit temperature control (AC), in-unit laundry, brand new luxury flooring and windows, and more. These units lease FAST due to their unique renter-friendly qualities. The property's grounds consist of gobs of off-street parking (14 spaces!) and a manicured courtyard with mature avocado trees. NO LOCAL RENT CONTROL - subject only to AB 1482.
Commercial building (Retail/Office) for sale located in the City of Lomita. This Lomita property features two-story MIX USE Retail and Office total building size of 8,062 sqft space. The lot size is 17,938 sqft and the building was built in 1979. This Lomita Commercial building features 5 units: 2 retail spaces and 3 offices. There are 26 parking spaces available. Upside Potential: This Lomita property offers excellent upside potential for owner-user or Investment. The possibilities are endless, lease at current market and maximize profits with NNN lease. Lease out to Retail Stores, Grocery Stores, Medical Offices, Gym, Dance Studio, School, etc. This Lomita property is located near the intersection of Lomita Blvd and Western Avenue and has ample parking. Investment highlights include: __ Less than 2 miles from Kaiser Permanente South Bay Medical Center. __ Located near to 405 Freeway, 110 Freeway and Pacific Coast Highway. __ Well-maintained commercial building with easy access from Western Ave or Lomita Blvd. __ Perfect opportunity for owner/user or investor, Great upside potential. *__ 5 units mix. 2 retail and 3 offices (Upside Creative/mini Office could be as much as 10+- offices)
Owner occupied office building. Owner will vacate property after closing. All information has not been verified for accuracy. Buyer is advised to independently verify the accuracy of all information.
WELCOMING ALL INVESTORS AND CASH BUYERS to create this into a successful business of their own. Property has fire damage, was previously used as a 2 bedroom 2 bath single family residence with a detached 2 car garage. Now Being sold as a commercial due to zoning, buyer to verify ALL with the city. Future property use MUST BE COMMERCIAL. This presents an ideal opportunity to create your ideal business, in a location that is already surrounded by many shopping centers, busy roads and near by freeways. Schedule your showings today to not miss out on this opportunity.
Commercial office building in prime location of Lomita, 24309 Narbonne Ave. Well maintained 8545 Sqft on 14553 Sqft lot, with 3 units at street level that could be retail store. 9 offices, 6 Bathrooms, kitchen with dining and a large top floor office. 20+ parking space secured with gate. City could allow to split to 6 to 8 units to have separate electric meter. Development opportunity to multifamily / apartment similar to 24319 Narbonne. Buyers to verify all information, permitted uses, parking, Squarefootage, Zoning etc... Building is occupied by the owner "no tenants in place" and will be delivered vacant at closing.
Introducing an unparalleled opportunity in the heart of Lomita. Welcome to 24123 Narbonne Avenue, a captivating and meticulously crafted property poised on a sprawling 6,382-square-foot lot, featuring a meticulously designed building spanning 1,540 square feet. Nestled on the coveted West side of Narbonne Avenue, this property commands attention with its exceptional visibility and prime frontage along a bustling, pedestrian-friendly thoroughfare. Boasting a versatile layout, the building is currently outfitted with a full-service bar and two well-appointed bathrooms and sustains a 10-year old roof. Step outside onto the inviting front patio, complete with bar seating, offering the perfect setting for al fresco gatherings. Enhancing the ambiance, a sizable window effortlessly transforms into an open-air experience, seamlessly blending indoor comfort with outdoor allure. A rear door leads to a private back space, ideal for hosting exclusive events, while providing access to ample parking accommodations. With eight dedicated parking spaces, including one handicap-accessible spot, and ample room for potential expansion, this property ensures flexibility for future growth and adaptation to evolving needs. Don't miss this rare opportunity to secure a prime commercial space in one of Lo
This exclusive offering presents a unique opportunity to acquire a prestigious office suite within The Peninsula Medical & Professional Plaza, a property noted for its prime location and professional environment. The suite spans an impressive 2,254 square feet, carefully designed to accommodate a variety of professional needs. The suite's layout is meticulously planned, featuring eight elegantly appointed private offices that ensure a productive and private workspace for each occupant. These offices are complemented by a spacious conference room, designed to host meetings and discussions in a comfortable and professional setting. Attention to detail is evident in the suite's modern updates, including new LED panel lights that provide bright, energy-efficient lighting throughout the space. Quartz countertops add a touch of luxury to the suite, paired with refinished cabinetry that blends functionality with style. The inclusion of stainless steel appliances in the convenient kitchenette area enhances the suite's appeal, offering a modern and efficient space for breaks and informal gatherings. Additional features of this exceptional office suite include a storage area, providing ample space for organizational needs, and a rare private bathroom, offering added convenience and privacy
Finally available for sale after 20+ years. Great opportunity for redevelopment or owner use. Located on a very busy corner of Crenshaw & 238th, this well maintained property has excellent exposure for retails, fast foods, restaurants or multi-units offices. There is a built-in sign setup for multi-units. This property is currently configured as a beauty salon, but could be easily converted to any usage. Plenty of parking and a ramp access. Perfect location for retail, office or fast-food. Don't miss out on this opportunity.
Seller invested over 100k for recent renovation. Welcome to this very rare, an exquisite and fully furnished office space located in a quiet and serene area of Rolling Hills Business Park. This one story unit is equipped with everything you need to run a functional and productive office. The unit consist of conference room, 3 private offices, reception/waiting area, private patio, built in custom made file cabinets, white marble covered desks, conference table, credenza , matching chairs, flat screen TV, central heating and AC. Rolling Hills Business Park HOA is managed by Classic Property Management Inc. The HOA monthly fee is $445. There are two assigned parking spaces. This beautiful landscape Business Park is just few minutes away from shopping, dinning and entertainment.
Lot goes street to street Updated warehouse built with upgraded mega power, new transformer, plumbing and drains. Includes remodeled office with plenty of street parking and inside gated area. Location is compliant for Cannabis Manufacturing or Distribution Business. (Buyer to verify Zoning). This property is being sold together with adjacent lot located at 2005 W. Gaylord St. with lot size 6,451 sqft ***Combined lot size 12,896 sq ft. Two corner back to back lots with so much potential! Located near the Port of Los Angeles, downtown Long Beach and 710 Freeway. Owner will carry with 25-30% down.
Premiere Commercial Property on 24226-24228 Hawthorne Blvd, Torrance, CA Welcome to an exceptional investment opportunity in the coveted Walteria neighborhood of Torrance! Presenting 24226-24228 Hawthorne Blvd, a remarkable commercial property that offers an array of possibilities for investors and entrepreneurs. With its prime location, spacious layout, and diverse potential uses, this property is a hidden gem waiting for the right visionary to unlock its full potential. Property Overview: Address: 24226-24228 Hawthorne Blvd, Torrance, CA 90505Property Type: Retail/Storefront Retail/Office Year Built/Renovated (Reconstruction): 1959/2021Building Size:4,888 SF (Rentable Commercial Space)Tenancy: Multiple Tenant Building Height: 2 Stories Building FAR: 0.79Total SqFt: 4,888 Lot Size: 6,103 SqFt Frontage: 48ft on Hawthorne Blvd Units: 6Parking: 13 Spaces (2.66 Spaces Per 1,000 Sf Leased) Frontage: 48 Sf on Hawthorne Blvd Front Signage: Stand Alone Signage on Hawthorne Blvd. Hawthorne Blvd Daily Traffic: 52,000 Car count per day. Key Features: Versatile Configuration: This property features Six well-designed units, each offering an array of possible uses. With the ability to reconfigure the space, you can adapt it to your specific needs. Abundant Natural Light: Enjoy an abundance of
Fully licensed and in operation Type-6 cannabis manufacturing and distribution. This sale offers the opportunity to purchase a licensed cannabis manufacturing and distribution facility in Long Beach, California. The property is currently operational, and an operator will be able to start production immediately upon transfer. RECENTTLY PASSED THE ANNUAL D.C.C. INPSECTION WITH ZERO CORRECTIONS! Seller financing may be available depending on the offer. The subject property comes with a 1% tax basis. Located at 1665 Cota Avenue has a state of California Adult-Use and Medicinal annual Type 6 Manufacturing license as well as a Type 11 Distribution license. Whether you have an established operation or a startup company, this facility offers a turnkey solution for operating in the Southern California market. The City of Long Beach offers a desirable location for operating a cannabis business. The city is geographically positioned central to Los Angeles and Orange Counties. Drivetime to anywhere in the two counties is typically one hour or less. The facility consists of a 2,500 square foot structure on a 3,291 square foot lot. The building is configured with numerous utility rooms, and an ADA restroom, providing a functional space of operation. The property is licensed with a limited Type
Excellent location in Torrance's Walteria area, nestled at the foothills of Palos Verdes behind Walteria Park, and conveniently within walking distance to eateries and a Starbucks coffee shop. This property boasts Commercial General Zoning with Hawthorne/PCH Overlay Plan, offering flexibility for a wide range of office, retail, and service businesses. The premises include three parking spaces. Featuring a well-designed layout with two separate yet contiguous suites, each equipped with its own bathroom. The smaller rear unit features a private entrance, a walk-in shower, and a secluded patio. The larger front unit offers two spacious office areas, a copier/printer workstation with cabinets, and a galley kitchen. Recent major capital improvements and upgrades within the past five years include a new roof, upgraded electrical system, two HVAC units, and a new concrete parking area. Ideal for an owner-user looking to occupy the entire building or more than 51% of the front suite to qualify for SBA Financing with only a 10% down payment.
Prime Commercial Opportunity! This expansive corner lot at 1500 W Pacific Coast Hwy, Long Beach, CA 90810, spanning 18,963 sq ft, is a business owner's dream. Boasting a generous 3,162 sq ft building, this property is strategically located for success. Perfect for businesses requiring ample parking or a drive-thru setup, the proximity to the Port of Long Beach enhances its commercial appeal. Situated near bustling business districts and surrounded by a thriving residential area, accessibility is heightened by its closeness to the 710 and 1 freeways. Seize this chance to establish or expand your business in a high-traffic, strategic local.
1533 W 224th St is a 6-unit Apartment Building constructed in 1986. Nestled in the vibrant neighborhood of Torrance, CA, this charming property offers residents a blend of modern comfort and urban convenience. The property provides an investor the opportunity to significantly improve the rents to be in line with the current rental market. This property is perfect for an investor looking for a value-added opportunity located in a growing rental market. Boasting a strategic location just minutes from the Pacific Ocean, this property taps into Torrance's allure as a hub of economic activity and coastal living, offering investors a gateway to the thriving South Bay region of Los Angeles County. Investors at 1533 W 224th St benefit from the city's diverse business landscape and strong job market, positioning this property as a lucrative asset in any portfolio.Additionally, the property enjoys easy access to several major highways, including Interstate 405 (I-405), Interstate 110 (I-110), and State Route 1 (SR-1), providing convenient routes for commuters traveling throughout the Greater Los Angeles area. With its desirable location, modern amenities, and proximity to parks, beaches, and major highways, 1533 W 224th St presents an exceptional opportunity for those seeking to blend stab
Please see attached Offering Memorandum for additional information. Beautiful 914 N. Loma Vista Drive is a charming 8 unit apartment complex adjacent to dynamic downtown Long Beach. This property features four standard one-bedroom, two deluxe one-bedroom, and two balcony one-bedroom apartments. The property has been substantially improved by its current owner who has owned & operated it for 7 years. During that time, the current owner has invested a total of over $148,000 in capital expenditures to the property, completing major renovations on 6 of 8 units and contributing $46k+ into the building exterior. These improvements have yielded an increase of the annual rent roll from $70,752 in 2015 to $136,476 today (an increase of 92.89%). The property is being offered at a price of $2,200,000, which is an attractive 15.92X multiple of current gross rents (12.93X on market rents) and a Cap Rate on current rents of 3.90% (5.23% on market rents).
