17007-17009 Hawthorne Blvd - Storefront Retail/Office FOR SALE


Lawndale, CA 90260
$1,500,000 USD
310-300-2838
17007-17009 Hawthorne Blvd, Lawndale, CA for Sale
$1,500,000 USD
Storefront Retail/Office - FOR SALE
1/18
null | 5.31% Cap Rate

17007-17009 Hawthorne Blvd
Lawndale, CA 90260


HIGHLIGHTS

  • Nearly 100% Identified Rental Upside with Significant NOI Growth Potential
  • 5.31% Current Cap Rate | 9.12% Pro Forma Cap Rate
  • Attractive ±$313.81/SF Basis on 4,780 SF of Rentable Area
  • Existing Lease Includes Potential CPI-Based Rent Increases
  • 7,827 SF Double Lot with Dedicated On-Site Parking
  • High-Visibility Hawthorne Boulevard Location with Two Tenants

OVERVIEW

Located along Hawthorne Boulevard in Lawndale, California, 17007 Hawthorne Boulevard presents an attractive value-add investment opportunity consisting of a 4,780-square-foot rentable commercial building situated on a 7,827-square-foot double lot, including a dedicated second parcel utilized for parking. The property is currently occupied by two commercial tenants, including a 3,900-square-foot retail user and an 880-square-foot office tenant, providing a diversified tenancy profile within a highly visible South Bay commercial corridor. The offering is particularly compelling due to the property's significant embedded rental upside. While title records reflect approximately 3,136 square feet of building area, the property is understood to contain approximately 4,780 square feet of rentable building area, providing an attractive basis of approximately $313.81 per rentable square foot at the asking price. At current in-place income, the property generates an estimated 5.31% capitalization rate. Based on the property's substantial rental upside and normalized/pro forma income, the capitalization rate is projected to increase to approximately 9.12%, representing a compelling opportunity to substantially enhance both cash flow and asset value.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$197 USD /SF

CAP RATE

5.31%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,833 SF

ZONING

LNC3YY

APN/PARCEL ID

4081-029-012,4081-029-013

ASK ABOUT THIS PROPERTY

Daniel HirthThe Hirth Group of KWMore Info
310-300-2838

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Daniel HirthThe Hirth Group of KWMore Info
310-300-2838

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.