22593 S Western Avenue S #1
Torrance, CA 90501
0.27 acres | #SB24245307
Description
Single tenant Investment - bow truss construction - light industrial - manufacturing facility - long term 30 plus years tenancy with same business - 7 yrs remaining of 10 yr lease with annual inflation fighting cost of living adjustments per local CPI - tremendous upside in value add opportunity upon lease expiration - lowest priced cost per foot in Torrance Industrial Market - recent upgrades include new roof 2023 - electrical box and bathroom (now under construction) - Prime Location on a major commercial corridor with close proximity to the 110, 105 and 405 freeway system - This is a fantastic opportunity to purchase a single tenant investment priced below market values for similar properties. Gross monthly rental is $3,894 (next CPI annual increase - 9/25).
Property Details
- Utility FeaturesCableConnected, ElectricityConnected, NaturalGasConnected, SewerNotAvailable, OverheadUtilities
- Lot DescriptionLevel, NearPublicTransit, RectangularLot, StreetLevel, Yard, Flat
- CountyLos Angeles
- MLS #SB24245307
- Property SubtypeIndustrial
- MLS #SB24245307
- Property TypePurchase
- Original List Price$895,000
- Acres0.2729
- Utility SourcePublic
- Taxes Annual$9,845
- Cost895000
- Year Built1953
- Stories1
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Michael Talbot (#STALBMIC)
Listing Office: RE/MAX Estate Properties (#S1282710)
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