ACTIVE ADDRESS:   1117-1131 W El Segundo Blvd., Gardena, CA 90247 LP: $1,195,000
BACK ON THE MARKET
MULTI-TENANT AUTOMOTIVE SPECIALTY CENTER
1117-1131 E El Segundo Blvd., Gardena, CA 90247
Asking price: $1,195,000
$105,420 annual gross income













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
jodis@boardwalkrealty.com
www.SoCalInvestmentRealEstate.com
www.SoCalIndustrialRealEstateBlog.com
www.SantaMonicaLandmarks.com

**
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


My business thrives on referrals.
I can always make time for you, your friends and your family when it comes to your real estate needs.

Jodi Summers  •  Director  •  Investment Division  •   Boardwalk Realty
tel: 310. 309.4219  •  fax: 310.392.1001
jodis@boardwalkrealty.com

WHAT ARE YOUR REAL ESTATE goals?
Click here and you're one step closer to fulfilling them...


Copyright 2004 - Jodi Summers. All Rights Reserved.


Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Information deemed reliable but not guaranteed.


For problems relating to this site, please report them to: webmaster@groundzeroltd.com.