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    20401 Avalon Blvd

    Carson, CA 90746
    • $2,500,000
    • STATUS: Active
    • ON SITE: 112 days
    • ID#: 20-597164
    UPDATED: 62 min ago
    $2,500,000
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,382
      SQFT
    • $465
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:
    Area:

    School Ratings & Info

    Description

    Built in 1978 this property is an ideal investment, owner/user, or redevelopment opportunity and is located directly off the 405 freeway with easy access from the Avalon Boulevard exit. The subject property consists of a 5,382 SF office building, currently subdivided into 3 units, and is located on a large 20,138 SF lot zoned CACR&D*.This offering presents the investor an opportunity to acquire an asset with an in-place cash-flow of 4.89% with the upside potential to achieve a 6.32% pro forma CAP rate when market rents are achieved. The property is currently 100% occupied with one short term lease expiring 6/30/2021 (1,660 SF), one month-to-month lease (2,350 SF) and one tenant who just exercised their five year option to extend. This presents an owner/user the ability to occupy over 50% of the building immediately. The landlord will have minimal operating expenses as the current tenants pay approximately $0.43 per SF monthly in CAM reimbursement.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-20T18:42:48.407. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/107349350
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    20401 Avalon Blvd Carson, CA 90746

    • Price: $2,500,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 20-597164
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    5,382
    SQFT
    $465
    $/SQFT
    1978
    Built
    Neighborhood:
    North Carson
    County:
    Los Angeles
    Area:
    North Carson
    Property Description
    Built in 1978 this property is an ideal investment, owner/user, or redevelopment opportunity and is located directly off the 405 freeway with easy access from the Avalon Boulevard exit. The subject property consists of a 5,382 SF office building, currently subdivided into 3 units, and is located on a large 20,138 SF lot zoned CACR&D*.This offering presents the investor an opportunity to acquire an asset with an in-place cash-flow of 4.89% with the upside potential to achieve a 6.32% pro forma CAP rate when market rents are achieved. The property is currently 100% occupied with one short term lease expiring 6/30/2021 (1,660 SF), one month-to-month lease (2,350 SF) and one tenant who just exercised their five year option to extend. This presents an owner/user the ability to occupy over 50% of the building immediately. The landlord will have minimal operating expenses as the current tenants pay approximately $0.43 per SF monthly in CAM reimbursement.
    Exterior Features

    Lot Size Area 20138 Other Structures None Parking Garage None Total Parking 19

    Interior Features

    Baths Total 0.00 Cooling Other Equipment None Heating Other

    Property Features

    Assessed Total Value 1584366 Gross Income 166896 Gross Operating Income 161889 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 122325.00 Number Of Buildings 1 Number Of Units 3 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 39564 Type Of Units Office Year Built Source Vendor Enhanced Zoning Cacr&D*

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-20T18:42:48.407. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355