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$2,200,000
Est. payment /mo
7,740 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 7,740 sqft
Price per Sqft $284
MLS Listing ID CL25572355
HOA Y/N No
Year Built 1972
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Comm Ind For Sale
Property Description
1940 Freeman Ave in Signal Hill is a 7,740 SF industrial building on a 13,502 SF lot just off PCH and Obispo, near Long Beach. The property was built for single tenant use and later subdivided into 2 units, with British American Motorcycles occupying appx. 60% of the space and Branch & O'Keefe Performance for Harleys occupying appx. 40% (plus appx 2,500 SF of mezzanine storage). This is an excellent value-add opportunity, as rents are significantly under market and the property has been in the same family for over 25 years. The existing leases expire March 2026, leaving multiple options for the Buyer. This could be a future owner-user space, and there is flexibility on how the building is subdivided, so the Buyer could occupy either unit with some reconfiguration, or occupy 100% in the future. There are 2 ground level roll-up doors and heavy power. There is also a large gated parking lot for parking and/or storage. A rare opportunity with stable tenants in an excellent location.
Location
State CA
County Los Angeles
Zoning SHM1
Interior
Heating None
Fireplace No
Exterior
Utilities Available Other
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 7217014013
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Listed by Dana Coronado • Compass
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