Just fell out of escrow and needing a buyer looking for a nice return on their investment.

1117-1131 E El Segundo Blvd., Gardena, CA 90247 is a 5-tenant Automotive Specialty Center earning $8,785 monthly, $105,420 annually.

Good tenants. Easy Cash Flow.

Located between Vermont and Normandie.

Primary Type: Industrial
Industrial-Business Park
Building Size: 9,762 SF
Lot Size: 26,000 SF
Occupancy: 95.00%
Price/SF: $122.41
Year Built: 1949

Asking price: $1,195,000

A little about Gardena, CA:

Population (year 2000): 57,746, Est. population in July 2004: 59,727 (+3.4% change)
Males: 28,143 (48.7%), Females: 29,603 (51.3%)
Elevation: 53 feet
County: Los Angeles
Land area: 5.8 square miles
Zip codes: 90247, 90248, 90249.
Median resident age: 34.4 years
Median household income: $38,988 (year 2000)
Median house value: $179,500 (year 2000)
For population 25 years and over in Gardena
High school or higher: 74.0%
Bachelor's degree or higher: 16.6%
Graduate or professional degree: 3.8%
Unemployed: 7.5%
Mean travel time to work: 25.5 minutes
For population 15 years and over in Gardena city
32.9% Foreign born (16.5% Latin America, 14.7% Asia).
Population change in the 1990s: +5,351 (+10.2%).

* Info courtesy of http://www.city-data.com/city/Gardena-California.html

No. Stories: 1
Parking Ratio: 6 / 1,000 SF %
Office Space: 4%
No. Grade Level Doors: 3
Commission Split: 2.5%
Additional Types: Vehicle Related, Specialty Center
Fenced Yard: Yes
Trailer Parking: Yes

Highlights:

• Good Cap Rate
• Automotive Specialty Center
• 6 buildings totaling 9,762SF
• 5 tenants
• 2 billboards on the property
• Good value

Financial Summary:

Scheduled Gross Income:  $105,420
Maintenance:   $6,840
Insurance:  $5,000
Total Expenses:   $6,840
Pre-Tax Cash Flow:  $94,080

Major Tenant Information:
Tenancy Type: Multiple

1117 El Segundo Blvd
SF Occupied: 1,950
Lease Expires: 1/1/2007

1117½ El Segundo Blvd
SF Occupied: 2,400
Lease Expires: 3/1/2007

1127 El Segundo Blvd
SF Occupied: 3,362
Lease Expires: 8/1/2007

1127 ½ El Segundo Blvd
SF Occupied: 1,148
Lease Expires: 8/1/2007

1131 El Segundo Blvd
SF Occupied: 872
Lease Expires: 2/1/2007

Loan Description:
3 year rate is fixed at 6.50% for an automotive repair related property. Based on 5% vacancy factor, 5% management fee, and for 1.5% reserves (improvements), the total expenses would be $31,742.

Owner may carry.


Now accepting all offers!


Please let me know how I can help you further.

Jodi Summers
Director, Investment Division
Boardwalk Realty
Tel: 310.309.4219
[email protected]
www.SoCalInvestmentRealEstate.com
www.SoCalIndustrialRealEstateBlog.com
www.SantaMonicaLandmarks.com

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How much time he gains who does not look to see what his neighbor says, or does or thinks, but only what he does himself, to make it just and holy. - Marcus Aurelius