Vacant-User

1925- 1951 W Carson Street, Torrance

1925-1951 W Carson Street, Torrance, CA 90501

Listing Price: $5,750,000

Cap Rate
1.67%
Gross SF
23,160
Rentable SF
23,160
Price/Gross SF
$248.27
Lot Size
0.80 acres
Year Built
1922

Investment Overview

Marcus & Millichap is pleased to present for sale 1925-1951 West Carson Street located on the corner of Carson street and Cabrillo street in Torrance, California. The offering consists of two contiguous buildings measuring approximately 23, 160 square feet on 34,343 square feet lot (0.8 AC). Four parcels adjoined together provide ample parking (71 spots and 3 handicap spots) for tenants and guest to use. 1951 W Carson is currently occupied by a creative studio lab, Boogie zone, occupying the two-story building. Previous Japanese restaurant occupied 1925 W Carson and will be delivered vacant, ready for lease.

The subject property is located in charming Old Town Torrance, part of the Downtown Redevelopment project with frontage on Carson street where over 33,400 vehicles drive per day. All within walking distance are dozens of multi-cultural restaurants, boutiques and shops that serve the residents. Less than a mile away are major stores, Ralphs and Daiso. The property benefits from close proximity of major landmarks and attractions including Torrance Historical Society and Museum, Redondo Beach Pier, Del Amo Fashion Center (Over 240 Tenants), Torrance Promenade, Harbor UCLA Medical Center and Torrance Memorial Medical Center. Located 25 minutes away from LAX, the subject property is close to the 110 and 405 Freeways and is easily accessible to all of the South Bay and Greater Los Angeles County. Within five-mile radius, the average house hold income is $110,820 with over 560,000 people living in the area. Major employees headquarters are stationed in the city: American Honda Motor Co, Honeywell Aerospace, L3 Technologies and Robinson Helicopter Company.

The property is highly suited for a prospective owner-user occupant. One of the properties is being sold vacant on an as-is, where is basis with the opportunity to own an investment asset on the side.

Investment Highlights

  • Two Contiguous Retail Properties on Four Parcel Lot
  • Approx. 33,488 VPD on West Carson Street
  • Located in Downtown Torrance; DT Zoning
  • Ideal for Owner-User
  • Multiple Ingress and Egress with Ample Parking: 71 Parking + Three Handicap Parking
  • 25 Minutes from LAX Airport

Exclusively Listed By

Financing By

Vacant-User

1925- 1951 W Carson Street, Torrance

Listing Price: $5,750,000

Cap Rate
1.67%
Gross SF
23,160
Rentable SF
23,160
Price/Gross SF
$248.27
Lot Size
0.80 acres
Year Built
1922

Investment Highlights

  • Two Contiguous Retail Properties on Four Parcel Lot
  • Approx. 33,488 VPD on West Carson Street
  • Located in Downtown Torrance; DT Zoning
  • Ideal for Owner-User
  • Multiple Ingress and Egress with Ample Parking: 71 Parking + Three Handicap Parking
  • 25 Minutes from LAX Airport

Investment Overview

Marcus & Millichap is pleased to present for sale 1925-1951 West Carson Street located on the corner of Carson street and Cabrillo street in Torrance, California. The offering consists of two contiguous buildings measuring approximately 23, 160 square feet on 34,343 square feet lot (0.8 AC). Four parcels adjoined together provide ample parking (71 spots and 3 handicap spots) for tenants and guest to use. 1951 W Carson is currently occupied by a creative studio lab, Boogie zone, occupying the two-story building. Previous Japanese restaurant occupied 1925 W Carson and will be delivered vacant, ready for lease.

The subject property is located in charming Old Town Torrance, part of the Downtown Redevelopment project with frontage on Carson street where over 33,400 vehicles drive per day. All within walking distance are dozens of multi-cultural restaurants, boutiques and shops that serve the residents. Less than a mile away are major stores, Ralphs and Daiso. The property benefits from close proximity of major landmarks and attractions including Torrance Historical Society and Museum, Redondo Beach Pier, Del Amo Fashion Center (Over 240 Tenants), Torrance Promenade, Harbor UCLA Medical Center and Torrance Memorial Medical Center. Located 25 minutes away from LAX, the subject property is close to the 110 and 405 Freeways and is easily accessible to all of the South Bay and Greater Los Angeles County. Within five-mile radius, the average house hold income is $110,820 with over 560,000 people living in the area. Major employees headquarters are stationed in the city: American Honda Motor Co, Honeywell Aerospace, L3 Technologies and Robinson Helicopter Company.

The property is highly suited for a prospective owner-user occupant. One of the properties is being sold vacant on an as-is, where is basis with the opportunity to own an investment asset on the side.

Exclusively Listed By

Financing By

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