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.