Sold

14125 -14141 Crenshaw Boulevard

Hawthorne CA, 90250

$5,500,000


$235.76 per sqft

Sold

23,329 sqft

Commercial

Built in 1963

Listed by David Weinberger with Keller Williams Studio City 818-432-1500

14141-14125 Crenshaw Blvd. is an open-air neighborhood Retail strip center located on a bustling corner in Hawthorne. This multi-tenant property is comprised of 3 separate buildings - totaling 19 units, 23,329 building sqft, and 63,792 lot sqft. Two APN's included are - 4052-018-011 & 4052-018-010. The property is situated on the signalized intersection of Crenshaw Blvd. and Rosecrans Ave., offering high visibility. Rosecrans and Crenshaw are heavily traveled streets, with traffic coming from nearby Gardena, Torrance, and the 405 Freeway. Therefore, this corner site is highly favorable due to its enhanced visibility and access. Additionally, the subject property benefits from Pizza Hut & Metro by T-Mobile, two nationally recognized companies, and its high-traffic location on Crenshaw Blvd. and Rosecrans Ave. with visible street signage. Ample parking provides easy access to this retail center, benefiting the tenants' businesses. A location score of 90 and a walking Score of 81 make this a prominent and widely used retail center. This is an excellent opportunity for Investors to acquire a property to reposition with a new tenant base or a build-to-suit store for an anchor tenant and increase market rents on a NNN basis, as well as the potential for a Partial Owner/User to run their business. Seven units are purposely vacant for a new owner to create their own vision and implement a plan to obtain tenants they want on NNN leases.Hawthorne is rapidly becoming the area of choice for prominent companies such as Tesla, Space X, Triumph Aerostructures, 9 to 5 Seating, and a new Ring headquarters is being built adjacent to Space X.

22208912

MLS ID

October 14, 2022

Listed

March 23, 2024

Updated

Map

14125 -14141 Crenshaw Boulevard
Hawthorne CA, 90250

Interior Features

Total Stories

1


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

1.46 Acres


Lot Features

Corner Lot, Lot Over 40000 Sqft

Other Property Details

Area Name

110 - East Hawthorne


Days on Market

45


Garage

No


Parking Total

66


View

No


County

Los Angeles


Pool

No


Zoning

HACM*


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/18/2023

Sold

$5,500,000

Listing Contact: 818-432-1500 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:22 AM UTC

 

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