2831 120Th StHawthorne, CA 90250

  • Retail properties
  • 37,234 SF
For Lease
$20/SF/YR View listing

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
Retail properties
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
2831 120Th St, Hawthorne, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$195,010
$9,426,275
$5,184,450
$14,610,725
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