2831 120Th StHawthorne, CA 90250
- Retail properties
- 37,234 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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