For Sale
$2,950,000

115 Penn StEl Segundo, CA 90245

Prime El Segundo location, high NOI, owner-user potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 3,570 square foot mixed-use industrial property in El Segundo, California, presents a unique investment opportunity. Situated on a 0.13-acre lot in the desirable Smokey Hollow corridor, this single-story, 1953-built building boasts a 14-foot ceiling height and one dock-high door. Currently 100% occupied, generating a net operating income (NOI) of $96,000, the property offers a strong return on investment. Zoned M-1 for light industrial use, it's ideally suited for manufacturing, warehousing, or creative office space. Its strategic location near LAX, the Port of Los Angeles, and major freeways provides unparalleled access to transportation hubs. The property includes 2.11 parking spaces per 1,000 square feet. The asking price is $2,950,000, with a land value of $950 per square foot. This versatile space is perfect for an owner-user or as a continued investment property with its current tenant. The property's location in El Segundo's thriving industrial area, known for its low vacancy rate and strong cap rates, makes it a compelling investment in a dynamic and growing market. The APN is 4135-018-016. This is a rare opportunity to acquire a well-located, income-producing asset in a highly sought-after area.

Highlights

  • M-1 Light Industrial zoning, suitable for manufacturing, warehousing, and distribution.
  • El Segundo location in a prime industrial corridor, with convenient access to LAX, the Port of Los Angeles, and major freeways.
  • Features adaptable for creative and service-based businesses.

Property Details for 115 Penn St

Property type
Specialty properties, Office properties
Square Feet
3,570 SF
Class
C
Year Built
1953
Buildings
1
Stories
1
Lot Size (sq. ft)
5,663 SF
Units
1

Location Insight

City
El Segundo
County
Los Angeles
State
California
Latitude
33.9168648
Longitude
-118.4103461
115 Penn St, El Segundo, California

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115 Penn St
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