Signalized-Corner Commercial
For Sale
$3,250,000
16601 Hawthorne Boulevard, Lawndale, CA 90260
C3-zoned commercial land with an existing multi-tenant building, on-site parking, and alley connectivity.
Property Size10,944 SF
Price / SF$296.97
Days on Market11
Property Features for 16601 Hawthorne Boulevard
General Information
Standard status
Active
Size
10,944 SF
Property subtype
Retail
Amenities
3
Composition
Corner Lot.
Rectangular, Level
208x122
Corner, Level, Rectangular.
Building Details
Year Built
1944
Listing Agency:
Estate Properties
(310) 378-9494
Listed By:
Estate Properties · License #00645363
Source:
Xome
Added: Aug 19
Changed: Aug 29
Last Checked: Aug 25 at 3:59AM
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 Estate Properties
Investment Insights
Based on property information with market context.
The property is a C3 lot measuring 208 x 122 with an existing 10,944-square-foot building constructed in 1944. The building is occupied by three tenants and can support either rehabilitation of the existing improvements or new development. On-site parking is positioned at both the north and south ends of the property, with curb cuts along Hawthorne Boulevard and additional access from the rear alley.
Situated at a signalized corner on a commercial corridor, the site records more than 40,000 vehicles per day and includes existing pole signage in the lot, along with rooftop signage on the dental building. The property is near the South Bay Galleria’s new development and the 405 freeway, with access connecting the surrounding Beach City communities and greater Los Angeles County.
Situated at a signalized corner on a commercial corridor, the site records more than 40,000 vehicles per day and includes existing pole signage in the lot, along with rooftop signage on the dental building. The property is near the South Bay Galleria’s new development and the 405 freeway, with access connecting the surrounding Beach City communities and greater Los Angeles County.
Key Highlights
- C3 lot measuring 208 x 122
- Existing 10,944 sf building constructed in 1944
- Three existing tenants occupy the building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$242,132
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,842,640
$4.8M
Cap Rate 7%
$3,459,029
$3.5M
Cap Rate 9%
$2,690,356
$2.7M
Market Conditions
NOI Build-Up for 10,944 SF
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.
Gross rent
$370.3K $33.84/SF
− Vacancy
−$24.4K −$2.23/SF
EGI
$345.9K $31.61/SF
− OpEx
−$103.8K −$9.48/SF
NOI
$242.1K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,842,640
Cap Rate 7%
$3,459,029
Cap Rate 9%
$2,690,356
Alternative Uses
Best Use
Retail
$3.46M
$3.03M – $4.04M
NOI $242,132 @ 7.0% cap · market cap 7.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.86M
$5.13M – $6.84M
NOI $410,156 @ 7.0% cap · market cap 12.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,598
Businesses Nearby
185k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 30%
Groceries 11%
Apparel 1%
Dollar Tree
Shops & Services
30,197 visits/mo
0.3 miles
Aldi
Groceries
21,227 visits/mo
0.4 miles
Chase Bank
Shops & Services
18,995 visits/mo
0.4 miles
Starbucks
Dining
18,597 visits/mo
0.5 miles
ARCO
Shops & Services
13,679 visits/mo
0.1 miles
Demographics for 90260, CA
33,338
Population
10,787
Households
3.1
Avg Household Size
36
Median Age
23%
College-Educated
75%
High-School Grad
2.5 sq mi
ZIP Area
13,335
Density / Sq Mi
$86,736
Median Household Income
$38,183
Median Earnings
$1,877
Median Rent
$745,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - C3-zoned commercial land with an existing multi-tenant building, on-site parking, and alley connectivity.
Where is this commercial land located?
The property is located at 16601 Hawthorne Boulevard Lawndale, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: C3 lot measuring 208 x 122; Existing 10,944 sf building constructed in 1944; Three existing tenants occupy the building
