16900 Hawthorne BlvdLawndale, CA 90260

Property Details for 16900 Hawthorne Blvd

Year built

1957

Construction

TILT-UP CONCRETE

Lot size

0.27 AC

Property size (Sq ft)

9,645 SF

Zone code

LNC3YY

Property type

Retail properties

Property subtype

Retail space

APN

4075-012-019

APU

4075012019

Description

This exceptional 9,645 square foot retail building, situated on a spacious 11,956 square foot lot (approximately 0.27 acres) at 16900 Hawthorne Boulevard in Lawndale, CA 90260 (APN 4075-012-019), presents a compelling investment opportunity. Boasting high visibility and excellent signage on Hawthorne Boulevard, this single-tenant property enjoys a hard corner location with exceptional access, benefiting from over 40,000 vehicles passing daily, and just three blocks from one of the South Bay's busiest intersections (Hawthorne & Artesia) with 110,000 vehicles per day. The ground-level, single-story building features a wide-open, blank-slate interior with abundant windows facing Hawthorne Boulevard, ideal for a variety of retail concepts. The property includes six parking spaces and offers access from three sides, including a rear alleyway. Its location is highly desirable, with proximity to the South Bay Galleria (undergoing a planned remodel), the Metro Link expansion, and the 405 Freeway. Nearby national retailers include Starbucks, Boston Market, Walgreens, CVS, and Chase Bank. The property's zoning is Neighborhood Commercial (NC), Lawndale. Approved plans for a mixed-use development, incorporating retail space on the ground floor, 20 apartments above, and underground parking, are available for prospective developers. This property is located in a Qualified Opportunity Zone, offering potential tax incentives. Built in 1957, this property has a Walk Score of 88 ("Very Walkable") and a parking ratio of 0.6 per 1,000 square feet. The Hawthorne Boulevard frontage measures 213 linear feet. The asking lease rate is $2.35 per square foot, and the asking sale price is $3,699,000. The property is available for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $4,385,428

  6.5%

  $4,048,087

  7%

  $3,758,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,863,921

  Geo Method

  $5,863,921

• Alternative Use

  Use

  Valuation

  Residential

  $3,414,713

  Hospitality

  $3,127,858

  Educational

  $2,602,342

  Medical

  $2,691,840

  Retail

  $4,048,087

Location Insight

City

Lawndale

County

Los Angeles

State

California

Latitude

33.8774

Longitude

-118.352

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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