21505 215Th St Hawaiian Gardens, CA 90716
This 5,185 square foot retail/office building sits on a 12,586 square foot C4-zoned corner lot in Hawaiian Gardens, CA. The property boasts excellent visibility with approximately 80 feet of frontage on Norwalk Boulevard and 120 feet on 215th Street, benefiting from over 20,000 cars daily. The building is currently occupied by a tenant with a 20+ year history, operating on a month-to-month lease, providing immediate rental income or flexibility for an owner-user or developer. Located at the non-signalized intersection of Norwalk Boulevard and 215th Street, just north of the major intersection of Carson Street and Norwalk Boulevard, this property offers exceptional exposure. Parking is conveniently located on a separate parcel in the rear, supplemented by ample street parking. The property's prime location provides easy access to the 605 Freeway, and its proximity to The Garden Casino and Long Beach Towne Center (less than 1 mile) and Cerritos Center (under 3 miles) further enhances its appeal. With over 35,000 residents within a 1-mile radius and over 200,000 within 3 miles, this presents a strong demographic base. The asking price is $995,000. The property's APN is 7065-017-021; 022. Built in 1956, this presents an opportunity for an owner-user, investor, or developer seeking a high-demand location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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