120-124 W 157th St
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120-124 W 157th St
14,805 SF Industrial Building Gardena, CA 90248 $5,344,320 CAD ($361 CAD/SF)
Investment Highlights
- 2 buildings, 16’ clear, Concrete block construction.
- 200 Amps of power per building, Concrete paved rear yard.
- Wrought Iron Fenced Concrete Yard
- Located in a gateway, infill industrial market offering a unique opportunity to acquire a high yield asset in the heart of Los Angeles.
- Direct access to Downtown Los Angeles and the Airport via 110 and 105 freeways. Direct access to the Ports and South Bay via 110 and 710 freeways.
- Long term, strong credit Tenant with 4 years remaining on lease at market rate.
Executive Summary
Unique opportunity to acquire a small Class C, industrial park consisting of two buildings totaling 14,805 rentable square feet on a large 28,335 square foot lot in the heart of Los Angeles, a Tier 1 Gateway Industrial Market. The City of Gardena market is a severely supply-constrained area which boasts a 1.9% vacancy. These buildings are 100% leased to a long term tenant which operates one of their thirteen 1-800-GOT-JUNK franchises out of this location, with a current 5 year lease and 4% annual increases for another 4 years through February 2027.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,344,320 CAD | Rentable Building Area | 14,805 SF |
| Price Per SF | $361 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1963 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 1.01/1,000 SF |
| Building Class | C | Clear Ceiling Height | 16 ft |
| Lot Size | 0.65 AC | No. Drive In / Grade-Level Doors | 3 |
| Price | $5,344,320 CAD |
| Price Per SF | $361 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.65 AC |
| Rentable Building Area | 14,805 SF |
| No. Stories | 1 |
| Year Built | 1963 |
| Tenancy | Single |
| Parking Ratio | 1.01/1,000 SF |
| Clear Ceiling Height | 16 ft |
| No. Drive In / Grade-Level Doors | 3 |
Amenities
- Fenced Lot
- Skylights
Utilities
- Lighting - Fluorescent
1 of 1
PROPERTY TAXES
| Parcel Number | 6125-002-008 | Improvements Assessment | $381,968 CAD (2024) |
| Land Assessment | $153,430 CAD (2024) | Total Assessment | $535,398 CAD (2024) |
PROPERTY TAXES
Parcel Number
6125-002-008
Land Assessment
$153,430 CAD (2024)
Improvements Assessment
$381,968 CAD (2024)
Total Assessment
$535,398 CAD (2024)
zoning
| Zoning Code | LCM2 |
| LCM2 |
-
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120-124 W 157th St
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