Gardena, CA 90248,14601 S Main ST
Gardena, CA 90248,14601 S Main ST
Gardena, CA 90248,14601 S Main ST
Gardena, CA 90248,14601 S Main ST
Gardena, CA 90248,14601 S Main ST
Gardena, CA 90248,14601 S Main ST
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$2,690,000

$2,690,000

Est.Price: ?

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Est. payment /mo

0.63 Acres Lot


SOLD DATE : 08/02/2024

Key Details

Sold Price $2,690,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24104372

Sold Date 08/02/24

HOA Y/N No

Year Built 1972

Lot Size 0.629 Acres

Property Description

Welcome to 14601 S Main Street, a strategically located property boasting M-2-IP zoning for "Heavy Manufacturing." Currently vacant and in a shell condition, this free-standing building presents a blank canvas for your vision.

The subject property was vandalized, its electrical & HVAC system was stolen, and per the Phase I Environmental Site
Assessment Report completed 2019 by an Environmental Professional and Others did not identify any CRECs, HRECs or de minimis conditions associated with the Property, and the assessment also revealed no evidence of Recognized Environmental Conditions (RECs) in connection with the Property. The report should be reviewed in its entirety to fully understand environmental conditions associated with the Property.

The new owner will have to invest $1,238,510.38 to restore the property, that will require the installation of necessary mechanical HVAC, electrical systems, addressing roof repairs, as well as managing asbestos and vapor intrusion contamination.

Recently appraised on April 12, 2024, the property holds significant value. The Market Value As-Is stands at $3,470,000 ($227.69 PSF), while the Hypothetical Market Value As If Repaired is $4,720,000 ($309.71 PSF). The appraiser identified the property as a single-tenant 15,240 SF (GBA) industrial property, situated on a site totaling 27,346 SF (approximately 0.63 acres), nestled in Gardena, Los Angeles County, California.

Situated in the bustling West Rancho Dominguez area, this property offers high traffic commercial/retail exposure with a distinct Main Street identity. It provides a flexible opportunity for establishing a manufacturing business, catering to owner-users, or serving as a prime development site for investors seeking opportunities in this thriving neighborhood.

Don't miss out on this exceptional investment opportunity. Contact us today to explore the potential of this prime industrial property.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Interior

Fireplace No

Laundry None

Building

Lot Description Corner Lot

Story 1

Water Public

Others

Tax ID 6129009061

Acceptable Financing Cash

Listing Terms Cash

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Eric Chavez • CAREBF INC • 213-999-0073
Bought with Eric Chavez • CAREBF INC
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24251 Town Center Dr Suite 201, Valencia, California, 91355, United States

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