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    20401 Avalon Boulevard

    Carson, CA 90746
    • $2,500,000
    • STATUS: Active
    • ON SITE: 122 days
    • ID#: 20597164
    UPDATED: 24 min ago
    $2,500,000
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:

    School Ratings & Info

    Description

    Built in 1978 this property is an ideal investment, owner/user, or redevelopment opportunity and is located directly off the 405 freeway with easy access from the Avalon Boulevard exit. The subject property consists of a 5,382 SF office building, currently subdivided into 3 units, and is located on a large 20,138 SF lot zoned CACR&D*.This offering presents the investor an opportunity to acquire an asset with an in-place cash-flow of 4.89% with the upside potential to achieve a 6.32% pro forma CAP rate when market rents are achieved. The property is currently 100% occupied with one short term lease expiring 6/30/2021 (1,660 SF), one month-to-month lease (2,350 SF) and one tenant who just exercised their five year option to extend. This presents an owner/user the ability to occupy over 50% of the building immediately. The landlord will have minimal operating expenses as the current tenants pay approximately $0.43 per SF monthly in CAM reimbursement.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-30T09:29:26.243. 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 Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/107350058
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    20401 Avalon Boulevard Carson, CA 90746

    • Price: $2,500,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 20597164
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    1978
    Built
    Neighborhood:
    137 - North Carson
    County:
    Los Angeles
    Area:
    137 - North Carson
    Property Description
    Built in 1978 this property is an ideal investment, owner/user, or redevelopment opportunity and is located directly off the 405 freeway with easy access from the Avalon Boulevard exit. The subject property consists of a 5,382 SF office building, currently subdivided into 3 units, and is located on a large 20,138 SF lot zoned CACR&D*.This offering presents the investor an opportunity to acquire an asset with an in-place cash-flow of 4.89% with the upside potential to achieve a 6.32% pro forma CAP rate when market rents are achieved. The property is currently 100% occupied with one short term lease expiring 6/30/2021 (1,660 SF), one month-to-month lease (2,350 SF) and one tenant who just exercised their five year option to extend. This presents an owner/user the ability to occupy over 50% of the building immediately. The landlord will have minimal operating expenses as the current tenants pay approximately $0.43 per SF monthly in CAM reimbursement.
    Exterior Features

    Lot Size Dimensions 108X195 Lot Size Units Square Feet Parking Features None Parking YN No

    Property Features

    Country Us Gross Income 166896.00 Gross Multiplier 0.00 Gross Operating Income 161889.00 Net Operating Income 122325.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 39564.00 Zoning Cacr&D*

    Listing provided courtesy of Neema Ahadian of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-30T09:29:26.243. 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 Keller Williams Realty. Licensed in the State of California, USA.

     
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