1407 Crenshaw Boulevard

    Torrance, CA 90501
    • $4,950,000
    • STATUS: Active
    • ON SITE: 247 days
    • ID#: SB18253719
    $4,950,000
    • 0
      BEDS
    • 1.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,640
      SQFT
    • $209
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1977
    County:

    School Ratings & Info

    Description

    The street address is 1455 Crenshaw & the legal address is 1407 Crenshaw Blvd. The 1455 Crenshaw property was built in 1977 and the 1407 was built in 1990. Property does have some deferred maintenance, however the owner is replacing 13 of the air conditioners and installing a new roof on the 1455 buildings. This property is a great opportunity to increase the value by installing an elevator, updating the building and repaving the parking lot . The owner states 5000 square feet of the space can be for medical use with the remainder being office, and the building currently has medical tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-24T00:34:39.517. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.themarellygroup.com/homes/88704225

    1407 Crenshaw Boulevard Torrance, CA 90501

    • Price: $4,950,000
    • Status: Active
    • ID#: SB18253719
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.33
    Acres
    23,640
    SQFT
    $209
    $/SQFT
    1977
    Built
    Neighborhood:
    126 - Central Torrance
    County:
    Los Angeles
    Area:
    126 - Central Torrance
    Property Description
    The street address is 1455 Crenshaw & the legal address is 1407 Crenshaw Blvd. The 1455 Crenshaw property was built in 1977 and the 1407 was built in 1990. Property does have some deferred maintenance, however the owner is replacing 13 of the air conditioners and installing a new roof on the 1455 buildings. This property is a great opportunity to increase the value by installing an elevator, updating the building and repaving the parking lot . The owner states 5000 square feet of the space can be for medical use with the remainder being office, and the building currently has medical tenants.
    Exterior Features

    Construction Materials Frame Fence YN Yes Fencing Block Lot Features 26-30 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Ratio 2.24 Parking Total 53.00

    Interior Features

    Condo Area Units Square Feet Cooling See Remarks Cooling YN Yes Heating Forced Air Heating YN Yes Laundry Features None Office Class B Office Square Footage 22268

    Property Features

    Accounting Type Proforma Additional Parcels YN No Asset Class Office Building Area Units Square Feet Building Expenses 611.00 Building Name 1455 Building Status Existing Cap Rate 4.40 Country Us Effective Gross 363468 Electric Expense 29422.00 Expense Year 2017 Gross Scheduled Income 382598.00 Insurance Expense 14909.00 Investment Property YN Yes Land Use Office Laundry YN No Leasable Area Units Square Feet Maintenance Expense 15953.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 216247.00 Occupancy Occupied Operating Expense 147221.00 Other Expense 6480.00 Property Sub Type Business Real Estate Tax Expense 59400.00 Resident Manager Expense 15230.00 Special Listing Conditions Standard Supplies Expense 84.00 Tax Annual Amount 59400.00 Tax Rate 1.20 Tax Year 2018 Total Building NRA 22268 Total Monthly Rent 25657 Trash Expense 5133.00 Utilities Electricity ConnectedPhone ConnectedSewer Connected Vacancy Allowance 19130 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Jack Bliss of J & P Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-24T00:34:39.517. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003