1401 Border AveTorrance, CA 90501

Property Details for 1401 Border Ave

Year built

1924

Lot size

0.05 AC

Property size (Sq ft)

2,059 SF

Zone code

TODC-CTR

Property type

Retail properties

Property subtype

Auto shops

APN

7355-029-002

APU

7355029002

Description

This exceptional owner-user industrial warehouse, located at 1401 Border Ave in Old Torrance, California, presents a unique investment opportunity. The property boasts 2,059 square feet of space, situated on approximately 2,199 square feet of land. Built in 1940, this single-story building features impressive 18-20 foot ceilings, providing ample vertical storage capacity. Convenient access is ensured by a roll-up door at the front and a large sliding door at the rear, allowing for efficient street-to-alley drive-thru functionality. The warehouse also includes valuable mezzanine storage space, supplementing the ground-level area. Adding to its versatility, the building incorporates office and reception space at the front, ideal for administrative functions. The property is zoned "Downtown" and is also designated as part of the "Housing Corridor Overlay" in Los Angeles County, zip code 90501. The asking price is $849,000, translating to $412.34 per square foot. This represents a compelling opportunity to acquire a well-located, functional industrial space in the desirable Old Torrance neighborhood, conveniently situated off Cabrillo Avenue.

• CAP approach

  CAP return

  Valuation

  6%

  $962,040

  6.5%

  $888,037

  7%

  $824,606

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,251,821

  Geo Method

  $1,251,821

• Alternative Use

  Use

  Valuation

  Residential

  $749,092

  Hospitality

  $686,165

  Educational

  $570,881

  Medical

  $590,514

  Retail

  $888,037

Location Insight

City

Torrance

County

Los Angeles

State

California

Latitude

33.8345

Longitude

-118.314

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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