About 22593 Western Avenue # 1
Single tenant Investment - bow truss construction - light industrial - manufacturing facility - long term 30 plus years tenancy with same business - 7 yrs remaining of 10 yr lease with annual inflation fighting cost of living adjustments per local CPI - tremendous upside in value add opportunity upon lease expiration - lowest priced cost per foot in Torrance Industrial Market - recent upgrades include new roof 2023 - electrical box and bathroom (now under construction) - Prime Location on a major commercial corridor with close proximity to the 110, 105 and 405 freeway system - This is a fantastic opportunity to purchase a single tenant investment priced below market values for similar properties. Gross monthly rental is $3,894 (next CPI annual increase - 9/25).
Features of 22593 Western Avenue # 1
MLS® # | SB24245307 |
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Price | $895,000 |
Bathrooms | 0.00 |
Acres | 0.27 |
Year Built | 1953 |
Type | Commercial Sale |
Sub-Type | Industrial |
Status | Active |
Community Information
Address | 22593 Western Avenue # 1 |
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Area | 135 - South East Torrance - East |
City | Torrance |
County | Los Angeles |
Zip Code | 90501 |
Amenities
Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Not Available, Overhead Utilities |
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Is Waterfront | No |
Has Pool | No |
Interior
Heating | None |
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Cooling | None |
Has Basement | No |
Fireplace | No |
# of Stories | 1 |
Exterior
Exterior | Stucco |
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Lot Description | Level, Near Public Transit, Rectangular Lot, Street Level, Yard, Flat |
Roof | Composition |
Construction | Stucco |
Additional Information
Date Listed | December 3rd, 2024 |
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Days on Market | 71 |
Zoning | TOM1 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Michael Talbot |
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Office | RE/MAX Estate Properties |