22802 S Western Avenue

    Torrance, CA 90501
    • $2,650,000
    • STATUS: Active
    • ON SITE: 131 days
    • ID#: AR20008968
    UPDATED: 77 min ago
    $2,650,000
    • 0
      BEDS
    • 0.44
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,580
      SQFT
    • $403
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Fully leased strip center in Torrance, CA located at Western Ave and Sepulveda. Property is adjacent to Walgreens and surrounded by a large residential community. Property is fully leased and includes a CBS billboard, which is on a month to month agreement, which can be renegotiated. Long standing McCowen's liquor store who has been at the property since the mid 1980's. Great opportunity to acquire an established strip center with the opportunity for future development.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-25T18:25:35.827. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Brad Korb Real Estate Group. Licensed in the State of California, USA.

    www.lacountypropertyinfo.com/homes/102277669

    22802 S Western Avenue Torrance, CA 90501

    • Price: $2,650,000
    • Status: Active
    • Updated: 77 min ago
    • ID#: AR20008968
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.44
    Acres
    6,580
    SQFT
    $403
    $/SQFT
    1961
    Built
    Neighborhood:
    131 - West Torrance
    County:
    Los Angeles
    Area:
    131 - West Torrance
    Property Description
    Fully leased strip center in Torrance, CA located at Western Ave and Sepulveda. Property is adjacent to Walgreens and surrounded by a large residential community. Property is fully leased and includes a CBS billboard, which is on a month to month agreement, which can be renegotiated. Long standing McCowen's liquor store who has been at the property since the mid 1980's. Great opportunity to acquire an established strip center with the opportunity for future development.
    Exterior Features

    Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 4.00 Country Us Expense Year 2019 Gross Scheduled Income 163489.00 Inclusions Billboard Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 165109.00 Operating Expense 1620.00 Other Expense 21478.00 Property Sub Type Retail Real Estate Tax Expense 34375.00 Special Listing Conditions Standard Total Expenses 55853.00 Water Source Public

    Listing provided courtesy of Joshua Mcintire of Mcintire Real Estate Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-25T18:25:35.827. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Brad Korb Real Estate Group. Licensed in the State of California, USA.

     
    The Brad Korb Real Estate Group
    3813 W. Magnolia Blvd
    Burbank CA, 91505