2831 120Th StHawthorne, CA 90250

Property Details for 2831 120Th St

Year built

2004

Construction

TILT-UP CONCRETE

Lot size

2.64 AC

Property size (Sq ft)

37,234 SF

Zone code

HAMI

Property type

Individual retail properties

APN

4056-030-026

APU

4056030026

Description

This 1,505-square-foot retail space is located in the Hawthorne submarket of Los Angeles County, within an existing and operating 24 Hour Fitness gym. The single-tenant space is ideal for a variety of health and wellness businesses. Suitable uses include, but are not limited to: martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense, physical therapy, sports rehabilitation therapy, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss advisory services and related programs, health diagnostic screening and testing, and sales of sport, health, and wellness products and accessories, including workout apparel. Prospective tenants should note that uses involving on-site food and beverage preparation, pole dancing classes, or those requiring significant construction or utility upgrades are not permitted. The lease includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). The property is situated at 2831 W. 120th Street, Los Angeles, and offers a turnkey opportunity within a well-established fitness center environment. The space is currently vacant and ready for immediate occupancy. This presents a unique chance to establish a thriving business in a high-traffic location with built-in customer access. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $15,858,615

  6.5%

  $14,638,721

  7%

  $13,593,098

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,842,652

  Geo Method

  $17,842,652

• Alternative Use

  Use

  Valuation

  Residential

  $12,348,309

  Hospitality

  $11,310,985

  Educational

  $9,410,606

  Medical

  $9,734,252

  Retail

  $14,638,721

Location Insight

City

Hawthorne

County

Los Angeles

State

California

Latitude

33.9243

Longitude

-118.323

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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