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Commercial

25,182 SF C-4 Commercial Site

12347 E Carson St, Hawaiian Gardens, CA 90716

Listing Price: $1,600,000

Lot Size
0.58 acres
Price/Acre
$2,767,691
Land Type
Land
Buildable Square Feet
25,182

Investment Overview

The subject property is a 25,182 square foot parcel of land located at 12347 Carson St. in the city of Hawaiian Gardens. This parcel has been recently split off from the parcel directly to the south which has been developed into an Enterprise Rental Car location. Because of this, the street address for the subject property is on Carson Street even though the site actually fronts Claretta Ave. one parcel to the north of Carson Street. The subject property is located on the eastern side of Hawaiian Gardens and sits right on the border between Hawaiian Gardens and Lakewood. The property is surrounded by retail to the south, multi-family to the west and lower density residential to the north. The site is currently leased out on month-to-month basis as a storage yard (please do not disturb the tenant as they do not know the property is for sale). Zoning on this site is C-4 Commercial and the General Plan Land Use Designation is CG General Commercial. The purpose of the General Commercial C-4 zone is to designate areas for office/professional and retail businesses in the City that support residential areas and provide jobs for area residents. These areas are intended to accommodate a variety of shops for goods and services to serve the needs of the surrounding community. Although the site is zoned C-4, it is important to note that the city has included this site in the Draft Housing Element as a potential Mixed-Use site allowing for up to 40 residential dwelling units per acre. Hawaiian Gardens is approximately 99% built out and like most of infill Los Angeles County the development market in this city is extremely supply-restricted. Given the lack of available development sites in the immediate market, this property should be an attractive opportunity for any developer looking for half acre infill sites on which to possibly build residential units.

Investment Highlights

  • Prime 25,182 SF Redevelopment Site located in Hawaiian Gardens
  • Zoning is C-4 Commercial, General Plan Land Use Designation is CG General Commercial
  • Draft Housing Element of the City of Hawaiian Gardens has a proposed Mixed-Use Zone (up to 40 du/acre Residential)
  • Site is one half mile east of the Hawaiian Gardens Casino and the Gardens Regional Hospital & Med Center
  • Rare Opportunity to Develop in a Severely Supply-Restricted Infill Market

Exclusively Listed By

Financing By

Commercial

25,182 SF C-4 Commercial Site

Listing Price: $1,600,000

Lot Size
0.58 acres
Price/Acre
$2,767,691
Land Type
Land
Buildable Square Feet
25,182

Investment Highlights

  • Prime 25,182 SF Redevelopment Site located in Hawaiian Gardens
  • Zoning is C-4 Commercial, General Plan Land Use Designation is CG General Commercial
  • Draft Housing Element of the City of Hawaiian Gardens has a proposed Mixed-Use Zone (up to 40 du/acre Residential)
  • Site is one half mile east of the Hawaiian Gardens Casino and the Gardens Regional Hospital & Med Center
  • Rare Opportunity to Develop in a Severely Supply-Restricted Infill Market

Investment Overview

The subject property is a 25,182 square foot parcel of land located at 12347 Carson St. in the city of Hawaiian Gardens. This parcel has been recently split off from the parcel directly to the south which has been developed into an Enterprise Rental Car location. Because of this, the street address for the subject property is on Carson Street even though the site actually fronts Claretta Ave. one parcel to the north of Carson Street. The subject property is located on the eastern side of Hawaiian Gardens and sits right on the border between Hawaiian Gardens and Lakewood. The property is surrounded by retail to the south, multi-family to the west and lower density residential to the north. The site is currently leased out on month-to-month basis as a storage yard (please do not disturb the tenant as they do not know the property is for sale). Zoning on this site is C-4 Commercial and the General Plan Land Use Designation is CG General Commercial. The purpose of the General Commercial C-4 zone is to designate areas for office/professional and retail businesses in the City that support residential areas and provide jobs for area residents. These areas are intended to accommodate a variety of shops for goods and services to serve the needs of the surrounding community. Although the site is zoned C-4, it is important to note that the city has included this site in the Draft Housing Element as a potential Mixed-Use site allowing for up to 40 residential dwelling units per acre. Hawaiian Gardens is approximately 99% built out and like most of infill Los Angeles County the development market in this city is extremely supply-restricted. Given the lack of available development sites in the immediate market, this property should be an attractive opportunity for any developer looking for half acre infill sites on which to possibly build residential units.

Exclusively Listed By

Financing By

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