$1,200,000

The subject property is a 3,232 commercial/industrial building on a large 18,722 square foot lot that is zoned C-3 that goes street to street from Rosecrans to 144th Street in the City of Gardena. The existing light industrial use is grand-fathered in as the tenant (an aviation/aerospace plating business) has been at this location for close to 30 years when the parcel was originally zoned M1. The tenant is on a month to month tenancy and is paying below market rent that has not been increased in over 10 years. There is also a 40’ wide by 100’ long steel frame open storage structure providing 4,000 square feet of coverage that has a clear height of 18’ at the center point of the pitched ceiling and 11’ high on the lowest points on each side. This area can be used for storage of trucks, vehicles, equipment and building materials that do not require a fully enclosed building. The property also has an MUO – Mixed Use Overlay Zone, however the minimum parcel size for using this overlay is 1 acre (43,560 square feet). There is also a paint booth that is on the premises that was installed by the tenant and never used which can be made available for purchase, but neither seller nor broker make any representations as to the AQMD permit status.