3383 Olive Ave Signal Hill, CA 90755-4619
- Manufacturing properties
- 6,228 SF
- 0.22 lot acres
Oct 21, 2021
Current Use by Public Records
- Manufacturing properties
Property Details for 3383 Olive Ave
- Year built
- 1978
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.22 lot acres
- Property size
- 6,228 SF
- Zone code
- SHM1*
- Property type
- Manufacturing properties
- APN
- 7148-011-035
- APU
- 7148011035
Description
This exceptional 5,604-square-foot commercial property, located at 3383 Olive Avenue in Signal Hill, California, presents a unique investment opportunity. The building, constructed in 1979 and extensively renovated in 2022, seamlessly blends executive office space with warehouse functionality. The single-tenant occupancy offers immediate possession of the entire space. The property boasts a generous ceiling height of 18 feet or more, providing ample vertical space for various uses. Two convenient drive-in bays facilitate efficient loading and unloading. The robust electrical system features 200 amps, 240 volts, three-phase, and three-wire power, ensuring sufficient capacity for demanding operations. The property is zoned M1, offering flexibility for a range of industrial and commercial uses. The Los Angeles County Assessor's Parcel Number (APN) is 7148-011-035. Situated in Signal Hill, CA, zip code 90755, this property offers easy access to major transportation arteries. The entire 5,604 square feet is currently vacant, providing a blank canvas for a new tenant or owner-occupier. This is a rare opportunity to acquire a fully renovated, versatile commercial space in a prime location. The combination of office and warehouse space, along with its modern upgrades, makes this property an attractive option for a variety of businesses.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,070,000
- ML approach
- $1,190,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,215,000
- 6.5%
- $1,120,000
- 7%
- $1,040,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $670,000
Market price range: $246k - $859k -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,485,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Signal Hill
- County
- Los Angeles
- State
- California
- Longitude
- -118.183
- Latitude
- 33.8185
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
