115 Penn StEl Segundo, CA 90245

Property Details for 115 Penn St

Year built

1953

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

2,850 SF

Zone code

ESM1*

Property type

Manufacturing properties

APN

4135-018-016

APU

4135018016

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $753,655

  Hospitality

  $690,344

  Educational

  $574,358

  Medical

  $594,111

  Retail

  $893,445

Location Insight

City

El Segundo

County

Los Angeles

State

California

Latitude

33.9169

Longitude

-118.41

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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