$648.15 Per Sq Foot $11,273 est/mo Sourced by Back At You

4208 Pacific Coast Highway,Torrance, CA 90505

Torrance CA, 90505

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Description

A rare investment opportunity that is 1031-EXCHANGE ELIGIBLE from residential property. Spanning 3,240 square feet across four units on an 11,690-square-foot lot, this single-level property boasts high visibility and traffic flow. Situated within the bustling Vista Plaza Shopping Center, it appeals to both investors and potential owner-users. Notably, more than 51% of the property will be delivered vacant, making it SBA FINANCING ELIGIBLE. The location is strategically positioned along the iconic Pacific Coast Highway, offering exceptional visibility and accessibility within South Torrance, a coastal city that's highly attractive to businesses and residents due to its proximity to major urban centers like Los Angeles and Orange County. Property features include recent upgrades such as a newer roof, HVAC system, updated restrooms, and flooring, ensuring low maintenance and appealing amenities for tenants. The tenant mix benefits from being part of the Vista Plaza Shopping Center, anchored by popular retailers like Sprouts Farmers Market and H-Mart, ensuring steady foot traffic and business synergy. SBA FINANCING option enhance accessibility for qualified buyers looking to establish a foothold in Southern California's commercial real estate market. The unparalleled visibility, convenience, and growth potential in one of Southern California's most coveted locations make it an attractive opportunity for both investors and owner-users looking to capitalize on Torrance's thriving commercial landscape. Come explore the potential of owning a prime commercial asset in this highly sought-after area.

Details

MLS#24385443
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1972
Days On Site25
Listing Provided ByGreat Castle Properties 310-866-7133 | Soon "Junji" Choi

Features

SQ Feet3,240
Units4
ZoningTOCC-GEN
Acreage0.27

Market Activity 90505

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountyLos Angeles
CityTorrance
Zip Code90505
Area128 Hollywood Riviera
Listing VS Median (in 90505)
Price:
$2,100,000
low | high
Med:
$1,199,000
92.904761904762% of Average
SqFt:
3,240
low | high
Med:
1,332
100% of Average
$ / SqFt:
$648
low | high
Med:
$913
9.112173957152% of Average
On Site:
25
low | high
Med:
33.000000
75.757575757576% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 4:05:15 AM PDT