Torrance, CA 90501 22593 S Western Avenue S 1
$895,000
Pending
33 more
Presented By: Michael Talbot with Estate Properties; 310-422-4309
- MLS# SB24245307
- 12/05/2024
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
SQFT • 4,653
Home Details
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).
Presented By: Michael Talbot with Estate Properties; 310-422-4309
Interior Features for 22593 S Western Avenue S 1
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 22593 S Western Avenue S 1
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeRestaurant
Cap Rate3.6
Carport Y/NNo
CityTorrance
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
Current FinancingNone
Current UseIndustrial
DirectionsWestern south of Plaza Del Amo and just north of 226th
ElectricVolts220InKitchen, Volts220
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingNone
Home Warranty Y/NNo
Insurance Expense5000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet11888.0
Lot Size UnitsSquareFeet
MLS Area135 - South East Torrance - East
MobileHomeRemainsYNNo
Net Operating Income31883.0
New ConstructionNo
Number Of Units Total1
Number of Units Leased1
Occupancy TypeOwner
Operating Expense14845.0
Property Attached Y/NNo
Property Sub Type AdditionalIndustrial
Property SubtypeIndustrial
Property TypeCommercialSale
Rent Control Y/NNo
RoofComposition
Security FeaturesCarbonMonoxideDetectors, FireDetectionSystem, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Tax Annual Amount9845.0
TopographyLevel
Unit Number1
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, SewerNotAvailable, OverheadUtilities
Virtual TourClick here
Virtual TourClick here
Waterfront Y/NNo
Year Built1953
Year Built SourceAssessor
ZoningTOM1
Exterior for 22593 S Western Avenue S 1
Building Area Total4653.0
Crops Included Y/NNo
FencingBlock, ChainLink
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions60x198
Lot FeaturesLevel, NearPublicTransit, RectangularLot, StreetLevel, Yard, Flat
Lot Size Acres0.2729
Lot Size Area11888.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic
Additional Details
Price History
Hal Schlegel
Broker Associate