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    1624 Pacific Coast Hwy

    Harbor City, CA 90710
    • $2,385,000
    • STATUS: Active Under Contract
    • ON SITE: 60 days
    • ID#: PV20198425
    Under Contract
    UPDATED: 46 min ago
    $2,385,000
    • 0
      BEDS
    • 0.62
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,115
      SQFT
    • $335
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    An incredible opportunity to own a C-2 zoned property on a premium location on Pacific Coast Hwy in Harbor City. First time on the market in over 40+ years, this property famously hosted the family run business "Bay Area Rentals". With over 48,000 vehicles driving by per day, this makes for a great opportunity for the next owner-user or investor to take over. This massive property features a 27,200 sf lot, with two buildings on the property. The front 7,000 sf building features a front shop and back warehouse with loading dock and upper level with storage and office space. The back building includes 2 garages and an upper level with office quarters. The property is currently bringing in income from two sources; AT&T leases equipment space for approx $40,000 a year (lease ends in 2037) and the billboard sign is at approx $27,000 a year (lease ends in 2030). SELLER MAY CARRY FINANCING

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-28T19:26:42.957. 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 or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/110482299
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    1624 Pacific Coast Hwy Harbor City, CA 90710

    • Price: $2,385,000
    • Status: Active Under Contract
    • Updated: 46 min ago
    • ID#: PV20198425
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.62
    Acres
    7,115
    SQFT
    $335
    $/SQFT
    Neighborhood:
    124 - Harbor City
    County:
    Los Angeles
    Area:
    124 - Harbor City
    Property Description
    An incredible opportunity to own a C-2 zoned property on a premium location on Pacific Coast Hwy in Harbor City. First time on the market in over 40+ years, this property famously hosted the family run business "Bay Area Rentals". With over 48,000 vehicles driving by per day, this makes for a great opportunity for the next owner-user or investor to take over. This massive property features a 27,200 sf lot, with two buildings on the property. The front 7,000 sf building features a front shop and back warehouse with loading dock and upper level with storage and office space. The back building includes 2 garages and an upper level with office quarters. The property is currently bringing in income from two sources; AT&T leases equipment space for approx $40,000 a year (lease ends in 2037) and the billboard sign is at approx $27,000 a year (lease ends in 2030). SELLER MAY CARRY FINANCING
    Exterior Features

    Lot Features 2-5 Units/Acre Lot Size Units Square Feet Parking Total 4.00

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels Description 74110040147411004013 Additional Parcels YN Yes Building Area Units Square Feet Building Status Existing Country Us Gross Scheduled Income 67203.00 Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 0 Property Sub Type Mixed Use Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Nicole Pletkovich of Keller Williams Realty and Gordon Inman of Keller Williams Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-28T19:26:42.957. 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 or The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003