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14125 -14141 Crenshaw Boulevard

Hawthorne, CA 90250

0 Bd
0 Ba
63,792 Lot
$5,500,000 SOLD Price | Closed 3/30/23

Description

14141-14125 Crenshaw Blvd. is an open-air neighborhood Retail strip center located on a bustling corner in Hawthorne. This multi-tenant property is comprised of 3 separate buildings - totaling 19 units, 23,329 building sqft, and 63,792 lot sqft. Two APN's included are - 4052-018-011 & 4052-018-010. The property is situated on the signalized intersection of Crenshaw Blvd. and Rosecrans Ave., offering high visibility. Rosecrans and Crenshaw are heavily traveled streets, with traffic coming from nearby Gardena, Torrance, and the 405 Freeway. Therefore, this corner site is highly favorable due to its enhanced visibility and access. Additionally, the subject property benefits from Pizza Hut & Metro by T-Mobile, two nationally recognized companies, and its high-traffic location on Crenshaw Blvd. and Rosecrans Ave. with visible street signage. Ample parking provides easy access to this retail center, benefiting the tenants' businesses. A location score of 90 and a walking Score of 81 make this a prominent and widely used retail center. This is an excellent opportunity for Investors to acquire a property to reposition with a new tenant base or a build-to-suit store for an anchor tenant and increase market rents on a NNN basis, as well as the potential for a Partial Owner/User to run their business. Seven units are purposely vacant for a new owner to create their own vision and implement a plan to obtain tenants they want on NNN leases.Hawthorne is rapidly becoming the area of choice for prominent companies such as Tesla, Space X, Triumph Aerostructures, 9 to 5 Seating, and a new Ring headquarters is being built adjacent to Space X.

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Property Details for 14125 -14141 Crenshaw Boulevard

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
David Weinberger
Listing Brokered By
Keller Williams Studio City
Type
Commercial Sale
Year Built
1963
MLS Area
110 - East Hawthorne

Price and MLS Information

Status
Closed | Listing History
MLS Days on Mkt.
45 DOM
First Date Active
October 14th, 2022
Closing Date
March 30th, 2023
Sold Price
$5,500,000
Orig. List Price
$7,056,000
MLS® #
22208912
APN
4052018011
Special
Standard

Exterior Information

Lot Description
Corner Lot, Lot Over 40000 Sqft
Lot Size (sq. ft.)
63,792
Lot Size (acres)
1.46
Parking Spaces
66

Additional Information

Zoning
HACM*
Buyer's Brokerage Fee
2.000
Co-Agent
Megan Husri
Co-Agent Office
Keller Williams Studio City

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.

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Neighborhood Information

MLS Area
110 - East Hawthorne
City/State
Hawthorne
Zip Code
90250
County
Los Angeles
# of Units
19
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Listing/Price History

14125 -14141 Crenshaw Boulevard, Hawthorne, CA (MLS® #22208912)

Date Details Price Change
Closed $5,500,000
Pending (from Active Under Contract)
First Day Active $7,056,000
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Listing Summary

Quick Summary of 14125 -14141 Crenshaw Boulevard: This home in Hawthorne is priced at $7,056,000 . The residence was originally built in 1963 and was listed on October 14th, 2022 at $7,056,000, showing 45 Days on Market currently. Contact Dave Fratello today for more information or to go see 14125 -14141 Crenshaw Boulevard.

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Based on information from California Regional Multiple Listing Service, Inc. as of September 22nd, 2023 at 9:15pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.