4513 Artesia Blvd Lawndale, CA 90260
- Retail space
- 8,617 SF
- 0.39 lot acres
Current Use by Public Records
- Retail space
Property Details for 4513 Artesia Blvd
- Year built
- 1984
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.39 lot acres
- Property size
- 8,617 SF
- Zone code
- LNC3YY
- Property type
- Retail space
- APN
- 4081-025-060
- APU
- 4081025060
Description
This 8,617 square foot retail strip center in Lawndale, CA, presents a compelling investment opportunity. Located at the highly visible, signalized intersection of Artesia Boulevard and Redondo Beach Boulevard, just west of Hawthorne Boulevard, this property boasts seven units, currently anchored by a liquor store, dental office, nail salon, and a new bakery under construction. One unit is vacant, and three others are on month-to-month leases, offering a significant value-add potential for a new owner to secure long-term tenants and increase profitability. The property sits on a 16,493 square foot lot and includes approximately 26 parking spaces, nine of which are conveniently located under the building. The strong South Bay location benefits from proximity to major cities including Redondo Beach, Hermosa Beach, Manhattan Beach, El Segundo, and Torrance. Across the street is the South Bay Galleria, anchored by Kohl's, Macy's, AMC Theatres, and other prominent retailers. The area also features a robust retail environment with nearby Ralph's, TJ Maxx, Starbucks, and more. With an asking price of $3,495,000, a pro-forma NOI of $257,514, and a pro-forma cap rate of 7.36%, this property offers a solid return on investment. The high daily traffic count of over 70,000 vehicles, combined with an average household income of $135,000 and average home value of $970,000, underscores the significant potential for long-term growth and profitability. The Los Angeles County Assessor lists the building size as approximately 8,617 square feet, while the rent roll indicates approximately 7,670 square feet. This discrepancy warrants further due diligence. The property's address is 4513 Artesia Blvd, Lawndale, CA 90260, APN 4081-025-060.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $435,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $709,000
Market price range: $497k - $1.76M
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Location Insight
- Map
- Local Demand
- City
- Lawndale
- County
- Los Angeles
- State
- California
- Longitude
- -118.355
- Latitude
- 33.8732
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
