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Commercial

25,182 SF Housing Element Opportunity 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 property 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 site is currently leased out on month-to-month basis to a Manufactured Housing construction business who has occupied the property since 2012. This tenant currently pays $3,600 monthly on a gross lease. 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. Although the site is currently commercially zoned, it is important to note that the city has included this site as an Opportunity Site in the Draft Housing Element and have identified a potential zoning classification of Mixed-Use which would allow for up to 40 residential dwelling units per acre. 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. 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.

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
  • Site is listed as an Opportunity Site in the Draft Housing Element with a Mixed-Use Zone that would allow up to 40 du/acre
  • Current Tenant is a Construction Company paying $3,600 per month (M-M)
  • 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 Housing Element Opportunity 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
  • Site is listed as an Opportunity Site in the Draft Housing Element with a Mixed-Use Zone that would allow up to 40 du/acre
  • Current Tenant is a Construction Company paying $3,600 per month (M-M)
  • 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 property 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 site is currently leased out on month-to-month basis to a Manufactured Housing construction business who has occupied the property since 2012. This tenant currently pays $3,600 monthly on a gross lease. 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. Although the site is currently commercially zoned, it is important to note that the city has included this site as an Opportunity Site in the Draft Housing Element and have identified a potential zoning classification of Mixed-Use which would allow for up to 40 residential dwelling units per acre. 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. 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.

Exclusively Listed By

Financing By

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