16418 Hawthorne BlvdLawndale, CA 90260

Property Details for 16418 Hawthorne Blvd

Year built

1948

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

7,434 SF

Zone code

LNC3YY

Property type

Retail properties

Property subtype

Retail space

APN

4075-007-007

APU

4075007007

Description

This exceptional redevelopment opportunity presents three vacant buildings totaling 10,844 square feet on three combined parcels encompassing 15,681 square feet of land in Lawndale, California. Located at 16414, 16418, and 16424 Hawthorne Boulevard, this property boasts 121 feet of frontage and 130 feet of depth, offering significant potential for various retail uses. The main building at 16418 Hawthorne Boulevard comprises 7,434 square feet, situated on a 7,806 square foot lot. A second building at 16424 Hawthorne Boulevard offers 1,550 square feet on a 3,884 square foot lot, complete with a rear driveway. The third building, located at 16414 Hawthorne Boulevard, features 1,860 square feet on a 3,991 square foot lot and includes some gated parking. Built in 1948, the property is zoned LNC3 and includes 10 parking spaces. The asking price is $2,800,000, representing a land value of $176 per square foot and a building value of $258 per square foot. The property is currently vacant and presents a unique opportunity for a significant retail redevelopment project. Individual parcels may also be sold separately. The property's prime location in Lawndale, Los Angeles County, offers excellent visibility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $3,369,446

  6.5%

  $3,110,258

  7%

  $2,888,097

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,519,688

  Geo Method

  $4,519,688

• Alternative Use

  Use

  Valuation

  Residential

  $2,623,619

  Hospitality

  $2,403,221

  Educational

  $1,999,452

  Medical

  $2,068,216

  Retail

  $3,110,258

Location Insight

City

Lawndale

County

Los Angeles

State

California

Latitude

33.8812

Longitude

-118.352

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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