Torrance, CA 90501 1321 Post Avenue

$2,250,000

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Presented By: Gianluca Jacoli with Shield CRE, Inc.;

MLS# 24377021
04/05/2024

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SQFT • 3,204

Home Details

Outstanding Owner-User Opportunity - Upstairs Unit with 1,100 SF Delivered Vacant | Three-Story, Four-Unit Office/Retail Property in Old Town Torrance | Built in 2005 - Newer Construction Building with Charm | Vacant Unit is Upgraded and Features Rooftop Deck, HVAC & Private Restroom | Located on Upscale Commercial Street Surrounded by Retails Shops, Restaurants, Offices & Cafes | Offering Includes Parking Lot Across the Street with 10 Designated Parking Spaces | Three Units are Currently Occupied on Triple Net (NNN) Leases | 4.99% Current Cap Rate & 5.41% Pro-Forma Cap Rate | Opportunity for Investor to Lease Vacancy at Market Rate with New NNN Lease | Great Frontage on Post Avenue with Ample Street Parking

Presented By: Gianluca Jacoli with Shield CRE, Inc.;

Interior Features for 1321 Post Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes

Basement (Y/N)No

Electric On Property Y/NNo

Fireplace Y/NNo

Heating Y/NYes

Street SuffixAvenue

Total Stories3

General for 1321 Post Avenue

Additional Parcels Y/NNo

Attached Garage No

Cap Rate4.99

Carport Y/NNo

CityTorrance

CountyLos Angeles

Days on Market6

DirectionsSouth of Torrance Boulevard, West of Cabrillo Avenue, North of Carson Street, West of Arlington Avenue

Garage Y/NNo

HOA0.0

HOA / Comm AssnNo

Home Warranty Y/NNo

Insurance Expense4500.0

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

Lease TypeNNN

Lot Size Square Feet5189.0

MLS Area134 - Old Torrance

MaintenanceExpense10694.0

MobileHomeRemainsYNNo

Net Operating Income112201.0

New ConstructionNo

Operating Expense48179.0

Private PoolNo

Property Attached Y/NNo

Property TypeCommercialSale

Rent Control Y/NNo

Senior Community Y/NNo

Special Listing ConditionsStandard

Standard StatusActive

StatusActive

Street NamePost

Total Units4

Trash Expense1451.0

View Y/NNo

Waterfront Y/NNo

Year Built2005

ZoningTODC-CTR

Exterior for 1321 Post Avenue

Building Area Total3204.0

Crops Included Y/NNo

Horse Y/NNo

Irrigation Water Rights Y/NNo

Lot Size Acres0.1191

Lot Size Area5189.0

Lot Size SourceEstimated

Lot Size UnitsSquareFeet

Number of Buildings1

Open Parking Y/NNo

SpaNo

Total Parking11.0

Additional Details

Price History

First Team Client Services

Price $2,250,000

MLS#24377021

List Date 04/05/2024

Property Type Commercial

Phone 714.964.3311

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Torrance, CA 90501 1321 Post Avenue

$2,250,000

Home Details