Industrial
1639 W 228th St
1639 W 228th St, Torrance, CA 90501
Listing Price: $2,200,000
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.
1639 W 228th St
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
Listing Price: $2,200,000
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
