14604 Crenshaw Blvd
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14604 Crenshaw Blvd
7,800 SF 81% Leased Retail Building Gardena, CA 90249 £1,461,518 (£187/SF)
Investment Highlights
- 5-unit, 7,800 SF multi-tenant storefront retail on 15,613 SF C-3 lot (gated rear parking lot w/ 15 surface spaces)
- Two recently signed tenants paying an average of $2.38 PSF (incl. NNN)
- Robust aerospace, logistics, and tech hub; nearby tenants include SpaceX, Amazon, Tesla, Ring
- 81% occupied – one vacancy (newly renovated) and two M2M tenants paying far below market rents
- Ideal owner-user opportunity to purchase with as little as 10% down; bottom line cost to operate below cost to lease similar space nearby
- Easy access to major transportation arteries, bordered by the 1 05, 110, 405, and 91 freeways
Executive Summary
The CREM Group is pleased to present 14604-14612 Crenshaw Boulevard for sale. This prime multi-tenant retail property in Gardena, CA, features five units ranging from approximately 1,000 to 1,900 square feet, totaling 7,800 square feet of rentable space on a 15,613 square foot C-3 zoned lot.
Currently 81% occupied, 14604 Crenshaw Boulevard offers an excellent value-add investment or owner-user opportunity. Currently, one unit is vacant, while two units are leased on a month-to-month basis at below-market rates. The remaining two units are rented on a triple-net basis at an average rate of $2.38 per-square-foot, per-month. The existing lease flexibility allows an owner-user the ability to occupy over 51% of the property and benefit from SBA financing with as little as 10% down, making the bottom-line cost to operate lower than similar available space in the area after off setting costs with rental income from the other tenants.
The property includes a private, gated parking lot with 15 spaces, accessible from the rear alley, offering convenient access to all units. With 104 feet of frontage along Crenshaw Boulevard, the property enjoys excellent visibility and a daily traffic count of nearly 30,000 vehicles.
Currently 81% occupied, 14604 Crenshaw Boulevard offers an excellent value-add investment or owner-user opportunity. Currently, one unit is vacant, while two units are leased on a month-to-month basis at below-market rates. The remaining two units are rented on a triple-net basis at an average rate of $2.38 per-square-foot, per-month. The existing lease flexibility allows an owner-user the ability to occupy over 51% of the property and benefit from SBA financing with as little as 10% down, making the bottom-line cost to operate lower than similar available space in the area after off setting costs with rental income from the other tenants.
The property includes a private, gated parking lot with 15 spaces, accessible from the rear alley, offering convenient access to all units. With 104 feet of frontage along Crenshaw Boulevard, the property enjoys excellent visibility and a daily traffic count of nearly 30,000 vehicles.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
7,800 SF
Building Class
C
Year Built
1955
Price
£1,461,518
Price Per SF
£187
Percent Leased
81%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.50
Land Acres
0.36 AC
Zoning
GAC3 - Commercial
Parking
15 Spaces (1.92 Spaces per 1,000 SF Leased)
Frontage
104 ft on Crenshaw Blvd
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Individual spaces can be combined for a total of ± 3,356 S
Individual spaces can be combined for a total of ± 3,356 SF.
| Space | Size | Space Use | Position | Available |
| 14606 | 1,910 SF | Office/Retail | - | 30 Days |
| 14608 | 1,446 SF | Office/Retail | - | Now |
14606
| Size |
| 1,910 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| 30 Days |
14608
| Size |
| 1,446 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
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14606
| Size | 1,910 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | 30 Days |
Individual spaces can be combined for a total of ± 3,356 S
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
14608
| Size | 1,446 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Individual spaces can be combined for a total of ± 3,356 SF.
Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 4064-012-026 | Improvements Assessment | £402,390 |
| Land Assessment | £965,736 | Total Assessment | £1,368,126 |
PROPERTY TAXES
Parcel Number
4064-012-026
Land Assessment
£965,736
Improvements Assessment
£402,390
Total Assessment
£1,368,126
-
Andrew Leff -
Mark Cianciulli -
The CREM Group
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14604 Crenshaw Blvd
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