Property profile

16900 Hawthorne Blvd Lawndale, CA 90260

FOR LEASE
Retail space
Property ID
US09-8435242
9,645 SF 0.27 ac lot Built 1957
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1957
Construction TILT-UP CONCRETE
Total area 9,645 SF
Lot 0.27 ac (11,958 SF)
Zoning code LNC3YY
APN 4075-012-019
UPID US09-8435242

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Furniture & Home Goods Home Decor Store
  • Hotel & Motel Bed & Breakfast

Location

16900 Hawthorne Blvd Lawndale, CA 90260
Lawndale metro Census 604102 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.29M
Comparable Approach Comparable
$1.51M
Blend (final) Blend
$2.49M

Owner & transaction history

since 2019
7 recorded transactions
2019
$2.6M
2018
Price N/A
2017
Price N/A
2016
Price N/A
2004
$1.5M
1970
Price N/A
1969
Price N/A

Zoning & alternative use

LNC3YY · Lawndale, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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