Torrance, CA 90501 22593 S Western Avenue S 1
$895,000
Pending
33 more
Presented By: Michael Talbot with Estate Properties; 310-422-4309
SQFT • 4,653
Year Built • 1953
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
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
LivingAreaSourceAssessor
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
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
WaterfrontY/NNo
Additional Details
Price History
