3800 W Imperial Hwy, Hawthorne, CA 90303
- $1,050,000
- List Price
- $1,050,000
- Status
- ACTIVE
- MLS#
- SB26180893
- Year Built
- 1961
- Lot Size
- 7,422
- Acres
- 0.17
- Lot Location
- Corner Lot
- Days on Market
- 1
- Property Type
- Commercial
- Property Sub Type
- Retail
Property Description
3800 W Imperial Highway presents a unique value-add investment and owner-user opportunity featuring an approximately 4,600-square-foot freestanding retail building on a 7,422-square-foot lot with eight surface parking spaces located at the rear of the property. The property is currently occupied by a month-to-month tenant paying significantly below-market rent, providing flexibility to reposition the property, secure a new tenant at market rent, or occupy the building. Zoned HACM (Hawthorne Mixed Commercial), the property allows for a variety of commercial uses, including potential cannabis retail use, subject to City approval and buyer verification. The property also benefits from prominent frontage and visibility along Imperial Highway. A separately leased cell tower generates approximately $17,000 in additional annual income, with ownership having received a $275,000 proposal for the cell-site rights. Cell tower income and related rights may be negotiated separately from the purchase price. *Subject property has an Inglewood mailing address but is located within the City of Hawthorne and is subject to Hawthorne zoning and land-use regulations.*
Additional Information
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $59,148
Listing courtesy of Listing Agent: Larson Harley (larson@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.