535 135th St Gardena, CA 90248-1505
- Manufacturing properties
- 25,850 SF
- 1.02 lot acres
Oct 25, 2024
Current Use by Public Records
- Manufacturing properties
Property Details for 535 135th St
- Year built
- 1971
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.02 lot acres
- Property size
- 25,850 SF
- Zone code
- LAM2
- Property type
- Manufacturing properties
- APN
- 6132-004-023
- APU
- 6132004023
Description
This 25,850-square-foot industrial building in Gardena, California, is available for sale at $6,500,000. The property, built in 1971, sits on a 1.02-acre lot and features a single-story structure with a 25-foot ceiling height. The building is currently vacant and ready for immediate occupancy, offering an excellent opportunity for owner-users or investors. Key features include a 19-foot drive-in roll-up door, a 12,031-square-foot mezzanine level, several reinforced concrete machine floor pads, partitioned office space, an employee break room with kitchen, and a reception area. The building boasts new interior LED lighting, new interior insulation, and a 2016 roll-on reflective roof with a 20-year warranty. Electrical service is 120-208, 1,400 amps (with a 2,500-amp maximum capacity), 3-phase, 4-wire. The property also includes 28 secured and fenced parking spaces. Zoned LAM2, this well-maintained building is ideally located in Gardena's thriving industrial market, close to major transportation arteries including the 110 Freeway, the Port of Long Beach, and LAX. The price per square foot is $250, and the land value is $146 per square foot. The building is suitable for distribution, manufacturing, and warehouse uses. This represents a rare opportunity to acquire a well-located industrial asset in a high-demand area with low vacancy rates. The property is ready for immediate occupancy.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,300,000
- ML approach
- $6,300,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,035,000
- 6.5%
- $4,645,000
- 7%
- $4,315,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,566,000
Market price range: $4.57M - $9.81M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $6,930,000 Current use
- OFFICE BUILDING
- $9,465,000 Change: +37% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $8,260,000 Change: +19% Conversion: Difficult
- RETAIL STORES
- $7,585,000 Change: +9% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Gardena
- County
- Los Angeles
- State
- California
- Longitude
- -118.284
- Latitude
- 33.9097
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
