14601 S Main Street, Gardena, CA 90248
Commercial property
Sold August 2024
Listing Agent: Eric Chavez (DRE #01397806) · Listing Office: CAREBF INC · Contact: 213-999-0073 · Bought with: Eric Chavez · CAREBF INC · MLS #CV24104372 · Source: CRMLS
About this commercial property
Welcome to 14601 S Main Street, a strategically located property boasting M-2-IP zoning for "Heavy Manufacturing." Currently vacant and in a shell condition, this free-standing building presents a blank canvas for your vision. The subject property was vandalized, its electrical & HVAC system was stolen, and per the Phase I Environmental Site Assessment Report completed 2019 by an Environmental Professional and Others did not identify any CRECs, HRECs or de minimis conditions associated with the Property, and the assessment also revealed no evidence of Recognized Environmental Conditions (RECs) in connection with the Property. The report should be reviewed in its entirety to fully understand environmental conditions associated with the Property. The new owner will have to invest $1,238,510.38 to restore the property, that will require the installation of necessary mechanical HVAC, electrical systems, addressing roof repairs, as well as managing asbestos and vapor intrusion contamination. Recently appraised on April 12, 2024, the property holds significant value. The Market Value As-Is stands at $3,470,000 ($227.69 PSF), while the Hypothetical Market Value As If Repaired is $4,720,000 ($309.71 PSF). The appraiser identified the property as a single-tenant 15,240 SF (GBA) industrial property, situated on a site totaling 27,346 SF (approximately 0.63 acres), nestled in Gardena, Los Angeles County, California. Situated in the bustling West Rancho Dominguez area, this property offers high traffic commercial/retail exposure with a distinct Main Street identity. It provides a flexible opportunity for establishing a manufacturing business, catering to owner-users, or serving as a prime development site for investors seeking opportunities in this thriving neighborhood. Don't miss out on this exceptional investment opportunity. Contact us today to explore the potential of this prime industrial property.
Listing description from the August 2024 sale, as reported to CRMLS.
Sale history