Hawthorne, CA 90250,14125 -14141 Crenshaw BLVD
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Hawthorne, CA 90250,14125 -14141 Crenshaw BLVD
Hawthorne, CA 90250,14125 -14141 Crenshaw BLVD
Hawthorne, CA 90250,14125 -14141 Crenshaw BLVD
Hawthorne, CA 90250,14125 -14141 Crenshaw BLVD

$5,500,000

Est. payment /mo

$7,056,000

22.1%
Est.Price: ?

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14125 -14141 Crenshaw BLVD Hawthorne, CA 90250

23,329 SqFt

SOLD DATE : 03/30/2023

Key Details

Sold Price $5,500,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 23,329 sqft

Price per Sqft $235

MLS Listing ID 22208912

Sold Date 03/30/23

HOA Y/N No

Year Built 1963

Lot Size 1.464 Acres

Property Description

14141-14125 Crenshaw Blvd. is an open-air neighborhood Retail strip center located on a bustling corner in Hawthorne. This multi-tenant property is comprised of 3 separate buildings - totaling 19 units, 23,329 building sqft, and 63,792 lot sqft. Two APN's included are - 4052-018-011 & 4052-018-010. The property is situated on the signalized intersection of Crenshaw Blvd. and Rosecrans Ave., offering high visibility. Rosecrans and Crenshaw are heavily traveled streets, with traffic coming from nearby Gardena, Torrance, and the 405 Freeway. Therefore, this corner site is highly favorable due to its enhanced visibility and access. Additionally, the subject property benefits from Pizza Hut & Metro by T-Mobile, two nationally recognized companies, and its high-traffic location on Crenshaw Blvd. and Rosecrans Ave. with visible street signage. Ample parking provides easy access to this retail center, benefiting the tenants' businesses. A location score of 90 and a walking Score of 81 make this a prominent and widely used retail center. This is an excellent opportunity for Investors to acquire a property to reposition with a new tenant base or a build-to-suit store for an anchor tenant and increase market rents on a NNN basis, as well as the potential for a Partial Owner/User to run their business. Seven units are purposely vacant for a new owner to create their own vision and implement a plan to obtain tenants they want on NNN leases.Hawthorne is rapidly becoming the area of choice for prominent companies such as Tesla, Space X, Triumph Aerostructures, 9 to 5 Seating, and a new Ring headquarters is being built adjacent to Space X.

Location

State CA

County Los Angeles

Area 110 - East Hawthorne

Zoning HACM*

Interior

Fireplace No

Exterior

Total Parking Spaces 66

Building

Lot Description Corner Lot, Lot Over 40000 Sqft

Story 1

Others

Tax ID 4052018011

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by David Weinberger • Keller Williams Studio City
Bought with Morgan McMullin • Keller Williams Beverly Hills

Alexander Duarte

CEO | i01970077

+1(714) 376-9253

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