Mixed-Use Retail and Office
240 Center Street El Segundo El Segundo, CA 90245
For Sale
$7,950,000
Corner lot building with leased downstairs retail space and an upstairs veterinarian tenant.
Property Size14,350 SF
Price / SF$554.01
Days on Market11
Property Features for 240 Center Street El Segundo
General Information
- Standard status
- Active
- Size
- 14,350 SF
Building Details
- Year Built
- 1979
Listing Agency:
West Shores Realty, Inc.; 310-939-7171
(909) 328-1567
Listed By:
Elizabeth Ruvalcaba · License #00452827
(909) 328-1567
Source:
Rmarealty
Added: Jul 14
Changed: Jul 22
Last Checked: Jul 22 at 7:14PM
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 West Shores Realty, Inc.; 310-939-7171
Investment Insights
Based on property information with market context.
This for-sale land and building includes two leased spaces within the same property. Upstairs, a veterinarian tenant has been in place for a number of years, and the approximately 4,350-square-foot space is leased. Downstairs is occupied by a memorabilia and sports card business that relocated there a couple of years ago, and it is also under lease.
The property sits on a corner lot in El Segundo and is described as being in the middle of the city, with convenient access to major east-west street routes. The remarks also note it is about one mile to the ocean and suitable for business-oriented tenants.
The offering is for the land and building only; the businesses themselves are not included.
The property sits on a corner lot in El Segundo and is described as being in the middle of the city, with convenient access to major east-west street routes. The remarks also note it is about one mile to the ocean and suitable for business-oriented tenants.
The offering is for the land and building only; the businesses themselves are not included.
Key Highlights
- Corner‑lot land and building for sale (businesses not included)
- Single 2‑story building built in 1979 with total building area of 14,350 sq ft
- Upstairs tenant is a veterinarian with approximately 4,350 sq ft under lease
Financial Insights For Retail
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 | $485.6k | $33.84 |
| − Vacancy | −$32.0k | −$2.23 |
| EGI | $453.6k | $31.61 |
| − OpEx | −$136.1k | −$9.48 |
| NOI | $317.5k | $22.12 |
14,350 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.54M
$3.97M – $5.29M
NOI $317,488 @ 7.0% cap · market cap 3.99%
Second Best
Office B
$4.48M
$3.92M – $5.23M
NOI $313,680 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$7.68M
$6.72M – $8.96M
NOI $537,805 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
240 Center St ...
Parking Lot & Garage
El Segundo Animal ...
Veterinary Clinic
TheCenterStreetClub
Nightclub
Premier Mind & Body
Gym & Fitness Center
The BullPen
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- El Segundo Animal Hospital — 240 Center St, El Segundo, CA 90245
- Think Pets — 1960 E Grand Ave # 555, El Segundo, CA 90245, United States
- Adolfo Vincent — 115 Lomita St, El Segundo, CA 90245
- John J. McPherson — 115 Eucalyptus Dr, El Segundo, CA 90245
- Andre Baker — 130 Lomita St, El Segundo, CA 90245
FAQs
What type of property is this?
Medical Office Space - Corner lot building with leased downstairs retail space and an upstairs veterinarian tenant.
Where is this medical office space located?
The property is located at 240 Center Street El Segundo El Segundo, CA.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: Corner‑lot land and building for sale (businesses not included); Single 2‑story building built in 1979 with total building area of 14,350 sq ft; Upstairs tenant is a veterinarian with approximately 4,350 sq ft under lease
