A unique 10,000 SF Warehouse/Creative, Office/Flex Space for Sale/Lease building in Lawndale, 4333–4335 W 147th St, combines usable space with something most competitors lack: on-site dedicated parking. The two-story property is currently configured with a 3,000 SF street-facing karate studio, a 2,000 SF ground- floor flex unit, and a full… Read More 5,000 SF open-plan upper level that can be tailored to creative office, training/education, wellness, or light showroom/warehouse needs. Nine exclusive parking spaces on- site, plus plentiful street parking, give tenants and customers convenient access that typical Hawthorne Blvd and neighborhood Commercial buildings simply cannot match. The asset will operate at a 12.96% CAP and 6.04 GRM once stabilized.
General Commercial/Neighborhood Commercial zoning in Lawndale permits most professional offices, personal services, retail, and many entertainment/recreation uses by right or with a Special Use Permit. Investors can curate a higher-quality tenant roster than competing older retail strips, with potential to reposition the building as a multi-tenant creative campus or branded owner-user headquarters. Looking ahead, the property also functions as a covered-land play: as Lawndale updates its General Plan and Hawthorne Boulevard Specific Plan to favor mixed-use and higher-intensity infill, future owners retain the option to pursue an SB 330 style residential or mixed-use concept, while the current commercial use carries the land.
For investors, the most compelling exit strategy is to stabilize the asset with a blend of long-term service/office and specialty recreation or training tenants, drive NOI to its projected 12%+ cap rate, and then hold as (1) a cash-flowing core asset in a supply-constrained submarket or (2) a medium-term redevelopment site benefiting from the city’s pro-housing, pro-infill land-use direction. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-425-9838
Listing Snapshot
Days Online
0
Last Updated
Property Type
MixedUse
Square Ft.
10,000
Lot Size
0.19 Acres
Year Built
1923
MLS Number
SB25270555
Additional Details
Building
Built in 1923, 2 stories, Entry level: 1
Expenses
Insurance: $12,500, Operating: $42,950
Income
Gross ScheduledIncome: $178,200, Net Operating Income: $126,340
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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