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A rare investment opportunity that is 1031-EXCHANGE ELIGIBLE from residential property. Spanning 3,240 square feet across four units on an 11,690-square-foot lot, this single-level property boasts high visibility and traffic flow. Situated within the bustling Vista Plaza Shopping Center, it appeals to both investors and potential owner-users. Notably, more than 51% of the property will be delivered vacant, making it SBA FINANCING ELIGIBLE. The location is strategically positioned along the iconic Pacific Coast Highway, offering exceptional visibility and accessibility within South Torrance, a coastal city that's highly attractive to businesses and residents due to its proximity to major urban centers like Los Angeles and Orange County. Property features include recent upgrades such as a newer roof, HVAC system, updated restrooms, and flooring, ensuring low maintenance and appealing amenities for tenants. The tenant mix benefits from being part of the Vista Plaza Shopping Center, anchored by popular retailers like Sprouts Farmers Market and H-Mart, ensuring steady foot traffic and business synergy. SBA FINANCING option enhance accessibility for qualified buyers looking to establish a foothold in Southern California's commercial real estate market. The unparalleled visibility, convenience, and growth potential in one of Southern California's most coveted locations make it an attractive opportunity for both investors and owner-users looking to capitalize on Torrance's thriving commercial landscape. Come explore the potential of owning a prime commercial asset in this highly sought-after area.
Last Updated | 7/3/2024 | Year Built | 1972 |
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Community | Hollywood Riviera | County | Los Angeles |
Price History
Prior to Jul 3, '24 | $2,100,000 |
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Jul 3, '24 - Today | $1,995,000 |
Additional Details
AIR CONDITIONING | Yes |
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AREA | Hollywood Riviera |
HEAT | Central |
HOA DUES | 0 |
LOT | 0.27 acre(s) |
ZONING | TOCC-GEN |
Location
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