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Hawthorne Industrial Opportunity: Two Buildings

13623 Crenshaw Hawthorne, CA 90250

13623 Crenshaw, Hawthorne, CA, 90250
$5,900,000
For Sale
Claim this Listing
$5,900,000

Two industrial buildings totaling 22,000 SF near SpaceX and LAX.

Property Size22,000 SF
Lot Size0.79 Acres
Price / SF$268.18
AddedApr 4
Days on Market104
Last RefreshJul 15 at 5:06 pm

Property Features for 13623 Crenshaw

General Information

Standard status
Active
Size
22,000 SF
Lot size
0.79 Acres
Property subtype
Industrial

Building Details

Year Built
1953

Listing office Century 21 Jervis & Associates

Listing date Apr 4, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Jervis & Associates


Investment Insights

Based on property information with market context.

This industrial property, situated in the Hawthorne business corridor, comprises two free-standing buildings totaling approximately 22,000 square feet on a 0.79-acre lot. Building 1, constructed with block walls, offers 8,000 square feet of space with an 18-foot clear ceiling height and three grade-level roll-up doors of the following dimensions: 12 feet by 19.5 feet, 9.25 feet by 10 feet, and 11 feet by 10 feet. Building 2 features concrete tilt-up construction, providing 14,700 square feet with a 14-foot clear ceiling height and eight grade-level roll-up doors, each measuring 10 feet by 12 feet. The property includes ample open space with parking for 37 cars, truck turning access, and a raised loading dock. It benefits from heavy power, abundant natural light via skylights, and a secured, fenced yard suitable for private parking or storage. The location offers immediate access to the 105, 405, and 110 freeways and is minutes from SpaceX, LAX, and the Beach Cities. The property has a bike score of 71, indicating it is very bikeable, a walk score of 70, indicating it is somewhat walkable, and a transit score of 43, indicating some transit options are available. This property is perfectly positioned for an owner-user.

Key Highlights

  • Prime South Bay industrial location, minutes from SpaceX, LAX, and Beach Cities.
  • Two free‑standing buildings totaling 22,000 SQFT on a 0.79‑acre lot.
  • Immediate access to the 105, 405, and 110 freeways.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $353.8k $16.08
− Vacancy −$17.0k −$0.77
EGI $336.8k $15.31
− OpEx −$50.5k −$2.30
NOI $286.3k $13.01
22,000 SF · lease $16.08/SF/yr · vacancy 4.80% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$4.09M
$3.58M – $4.77M (±1% cap)
NOI $286,263 @ 7.0% cap · market cap 4.85%
Second Best
Industrial
$3.67M
$3.21M – $4.28M (±1% cap)
NOI $257,094 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$11.78M
$10.31M – $13.74M (±1% cap)
NOI $824,510 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

California Smog Check Sustainability Organization Cjkb Health Corporate Office

Suggested Use

Real Estate Agency Law Firm Skin Care Clinic Parking Lot & Garage Dental Office Cafe & Coffee Shop HVAC Service Acupuncture Garden Center Butcher

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Public Storage — 14107 Crenshaw Blvd, Hawthorne, CA 90250, United States
  • Nearby Storage Units - Hawthorne, CA — 3201 w 131st st, hawthorne, ca 90250
  • ​Preferred Self Storage Unit — 13100 Yukon Ave, Hawthorne, CA 90250, United States
  • Blue Chip Moving & Storage — 13525 Crenshaw Blvd, Hawthorne, CA 90250
  • Iron Mountain — 1964 139th St, Gardena, CA 90249

FAQs

What type of property is this?
Warehouse - Two industrial buildings totaling 22,000 SF near SpaceX and LAX.
Where is this warehouse located?
The property is located at 13623 Crenshaw Hawthorne, CA.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Prime South Bay industrial location, minutes from SpaceX, LAX, and Beach Cities.; Two free‑standing buildings totaling 22,000 SQFT on a 0.79‑acre lot.; Immediate access to the 105, 405, and 110 freeways.
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