2717 Tanager AveCommerce, CA 90040

Property Details for 2717 Tanager Ave

Year built

1959

Construction

WOOD

Lot size

2.41 AC

Property size (Sq ft)

56,186 SF

Zone code

CMM2*

Property type

Warehouses

APN

6354-032-013

APU

6354032013

Description

This exceptional industrial property at 2717 Tanager Avenue, Commerce, CA, presents a unique investment opportunity. The 55,980-square-foot facility sits on a 2.17-acre lot and boasts significant recent upgrades, making it immediately operational. The building includes 6,191 square feet of modern office space, thoughtfully divided into nine individual offices, complemented by newly constructed bathrooms. Efficient logistics are ensured by the presence of two double loading dock wells, each capable of accommodating four large trucks simultaneously. This is further enhanced by four smaller loading docks situated on either side of the building, along with nine additional new roll-up doors. The property has undergone a comprehensive renovation, including upgrades to insulation, plumbing, electrical systems, sprinkler heads, and doors. These improvements, combined with a new automatic gate and ample parking for 45 vehicles, contribute to a secure and highly functional environment. Three HVAC units provide climate control throughout the building. The seller offers flexibility, providing the option of delivering the property vacant or exploring a leaseback arrangement, catering to a range of investment strategies and owner-occupancy scenarios. This turnkey industrial facility is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $34,251,800

  6.5%

  $31,617,000

  7%

  $29,358,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,094,900

  Geo Method

  $17,094,900

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $16,531,900

  Mixed-Use / Specialty

  $16,724,200

  Hospitality / Lodging

  $12,597,100

  Office

  $16,886,500

  Institutional / Educational

  $17,476,200

  Residential Income

  $20,447,100

  Multifamily

  $23,130,400

  Automotive / Energy

  $14,979,600

  Parking / Income-Based Land

  $4,921,060

  Restaurant / Food Service

  $9,234,530

  Healthcare / Senior Housing

  $16,892,700

Location Insight

City

Commerce

County

Los Angeles

State

California

Latitude

33.9921

Longitude

-118.129

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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