3642 StHawthorne, CA 90250

Property Details for 3642 St

Year built

1949

Property size (Sq ft)

4,500 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This Hawthorne, CA industrial property presents a compelling investment opportunity. The 4,500 square foot warehouse, situated on a 6,405 square foot lot (APN 4051-020-026), is zoned HAM1*. Built in 1949, the single-story structure boasts a current NOI of $54,000, with a pro-forma NOI of $125,974, reflecting a pro-forma cap rate of 6.5%. The asking price is $1,950,000, translating to $433.33 per square foot and $304.45 per square foot for the land. The property features two units; one currently occupied by a movie equipment rental business and production studio (to be delivered vacant), and a second vacant unit with a built-out production studio and kitchen. The property includes a spacious reception area, customer waiting room, full kitchen, offices, storage area, sound mixing rooms, multiple production areas equipped with lighting and sound equipment, and an outdoor tiki lounge area. Its prime location in a high-traffic area offers great street visibility and ample parking. This turnkey commercial property, located at 3642 W. 139th St, Hawthorne, CA 90250, is ideal for an investor seeking to utilize or lease the existing production space. The lease type is NNN.

Location Insight

City

Hawthorne

County

Los Angeles

State

California

Latitude

33.9053

Longitude

-118.337

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