CA > Torrance
Torrance, CA 90501,22593 S Western AVE S #1
Torrance, CA 90501,22593 S Western AVE S #1
Torrance, CA 90501,22593 S Western AVE S #1
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$895,000
Est. payment /mo
0.27 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24245307

HOA Y/N No

Year Built 1953

Annual Tax Amount $9,845

Lot Size 0.273 Acres

Lot Dimensions Assessor

Property Sub-Type Industrial

Property Description

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).
Sale is subject to cancellation of the existing escrow now being terminated.

Location

State CA

County Los Angeles

Area 135 - South East Torrance - East

Zoning TOM1

Interior

Heating None

Cooling None

Fireplace No

Laundry None

Exterior

Fence Block, Chain Link

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Not Available, Overhead Utilities

Roof Type Composition

Present Use Industrial

Building

Lot Description Level, Near Public Transit, Rectangular Lot, Street Level, Yard, Flat

Story 1

Water Public

Others

Tax ID 7357030004

Security Features Carbon Monoxide Detector(s),Fire Detection System,Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://tour.caimagemaker.com/l/?id=181891IDX

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CRMLS – RECore
Listed by Michael Talbot Estate Properties 310-422-4309
agent-avatar

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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