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    23727 Hawthorne Boulevard

    Torrance, CA 90505
    • $3,500,000
    • STATUS: Active
    • ON SITE: 111 days
    • ID#: SB20112253
    UPDATED: 37 min ago
    $3,500,000
    • 0
      BEDS
    • 0.51
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,938
      SQFT
    • $352
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1976
    County:

    School Ratings & Info

    Description

    23727 Hawthorne Boulevard is a unique commercial office building with a mixed-use tenancy of office, medical/dental, and retail space divided into 5 separate suites. The building was the architectural offices for locally renowned Architect, Edward Carson Beal who designed and developed the building in 1976. The suites are well suited for creative office, professional office, medical office or retail use with frontage on Hawthorne Boulevard between Skypark and PCH. The Property is 100% occupied - the tenants pay their own utilities and a pro-rata portion of property taxes which are passed through. The Seller who occupies 5,280 square feet of the space will leaseback 2,600 square feet of space at close of escrow. The owner will consider vacating all of the space for an owner user.The property is located in an A+ location in South Torrance just minutes off of the Palos Verdes Peninsula to the south and Redondo Beach to the west on the major thoroughfare of Hawthorne Boulevard. The 1.5 mile stretch of Hawthorne Boulevard between the subject property and Del Amo Mall is home to many national retailers. The property is just three quarters of a mile from Torrance Memorial Hospital. The population density surrounding the property is 188,966 within a 2-mile radius with a median household income of $82,242. The combination of strong income demographics, densely populated submarket and prime location make this investment offering very attractive to an owner-user or investor.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T23:27:28.74. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.

    www.americanrealestatehomes.com/homes/106736414
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    23727 Hawthorne Boulevard Torrance, CA 90505

    • Price: $3,500,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: SB20112253
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.51
    Acres
    9,938
    SQFT
    $352
    $/SQFT
    1976
    Built
    Neighborhood:
    129 - South Torrance
    County:
    Los Angeles
    Area:
    129 - South Torrance
    Property Description
    23727 Hawthorne Boulevard is a unique commercial office building with a mixed-use tenancy of office, medical/dental, and retail space divided into 5 separate suites. The building was the architectural offices for locally renowned Architect, Edward Carson Beal who designed and developed the building in 1976. The suites are well suited for creative office, professional office, medical office or retail use with frontage on Hawthorne Boulevard between Skypark and PCH. The Property is 100% occupied - the tenants pay their own utilities and a pro-rata portion of property taxes which are passed through. The Seller who occupies 5,280 square feet of the space will leaseback 2,600 square feet of space at close of escrow. The owner will consider vacating all of the space for an owner user.The property is located in an A+ location in South Torrance just minutes off of the Palos Verdes Peninsula to the south and Redondo Beach to the west on the major thoroughfare of Hawthorne Boulevard. The 1.5 mile stretch of Hawthorne Boulevard between the subject property and Del Amo Mall is home to many national retailers. The property is just three quarters of a mile from Torrance Memorial Hospital. The population density surrounding the property is 188,966 within a 2-mile radius with a median household income of $82,242. The combination of strong income demographics, densely populated submarket and prime location make this investment offering very attractive to an owner-user or investor.
    Exterior Features

    Lot Features Lot 20000-39999 Sqft Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None Office Class B

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 6.46 Country Us Effective Gross 296908 Electric Expense 770.00 Expense Year 2020 Gross Scheduled Income 258960.00 Insurance Expense 4500.00 Investment Property YN Yes Land Use OfficeRetail Laundry YN No Leasable Area Units Square Feet Maintenance Expense 6000.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 226088.00 Number Of Units Leased 5 Operating Expense 70820.00 Other Expense 1457.00 Other Income1 56038.00 Professional Management Expense 11200.00 Property Sub Type Office Real Estate Tax Expense 39235.00 Special Listing Conditions Standard Tax Annual Amount 39235.00 Tax Year 2020 Total Expenses 70820.00 Trash Expense 2600.00 Vacancy Allowance 18090 Water Sewer Expense 2558.00 Water Source Public Year Built Source Assessor Zoning Tohc-Gen

    Listing provided courtesy of Stephen Lampe of Re/Max Commercial & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T23:27:28.74. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.

     
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