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Industrial

1639 W 228th St

1639 W 228th St, Torrance, CA 90501

Listing Price: $2,200,000

Lot Size
0.33 acres
Price/Acre
$6,653,614
Land Type
Redevelopment
Buildable Square Feet
14,403

Investment Overview

Marcus & Millichap is pleased to present a fully occupied Residential Reentry Center boasting a 7% Cap Rate based on current income. The offering is situated on a large double lot totaling 14,403 Sq. Ft. of CM-1VL Zoning with great future development potential. The Current Land Designation: is Hospitals, Convalescent Homes allowing many uses. The building has a large courtyard and has been recently updated with a pro style kitchen, washer and dryer hookups and a commercial fire alarm system.

Investment Highlights

  • Large Double Lot Consisting of 14,403 Sq. Ft. of CM-1VL Zoning
  • 7% Cap Rate Based on Current Income
  • Fully Occupied Residential Reentry Center
  • Current Land Use: Hospitals, Convalescent Homes
  • Two Separate Updated Buildings with Court Yard
  • Many Possible Uses: Current Land Designation: Hospitals, Convalescent Homes

Exclusively Listed By

Financing By

Industrial

1639 W 228th St

Listing Price: $2,200,000

Lot Size
0.33 acres
Price/Acre
$6,653,614
Land Type
Redevelopment
Buildable Square Feet
14,403

Investment Highlights

  • Large Double Lot Consisting of 14,403 Sq. Ft. of CM-1VL Zoning
  • 7% Cap Rate Based on Current Income
  • Fully Occupied Residential Reentry Center
  • Current Land Use: Hospitals, Convalescent Homes
  • Two Separate Updated Buildings with Court Yard
  • Many Possible Uses: Current Land Designation: Hospitals, Convalescent Homes

Investment Overview

Marcus & Millichap is pleased to present a fully occupied Residential Reentry Center boasting a 7% Cap Rate based on current income. The offering is situated on a large double lot totaling 14,403 Sq. Ft. of CM-1VL Zoning with great future development potential. The Current Land Designation: is Hospitals, Convalescent Homes allowing many uses. The building has a large courtyard and has been recently updated with a pro style kitchen, washer and dryer hookups and a commercial fire alarm system.

Exclusively Listed By

Financing By

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