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1940 Freeman Avenue, Signal Hill, CA 90755
Priced at Only: $2,200,000
For more Information Call Mobile: 714.478.6676
Address: 1940 Freeman Avenue, Signal Hill, CA 90755
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  • MLS#: 25572355 ( )
  • Street Address: 1940 Freeman Avenue
  • Viewed: 9
  • Price: $2,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1972
  • Bldg sqft: 0
  • Days On Market: 50
  • Additional Information
  • County: LOS ANGELES
  • City: Signal Hill
  • Zipcode: 90755
  • Provided by: Compass
  • Contact: Dana Dana
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Assetclass
  1. Industrial
Building Area Total
  1. 7740.00
Construction Materials
  1. Block
Country
  1. US
Electric
  1. Heavy
Heating
  1. None
Industrialtype
  1. Manufacturing
Insurance Expense
  1. 6720.00
Land Use
  1. Industrial
Laundry Equipment Own Lease
  1. Own
Laundry Features
  1. Inside
Netoperatingincome
  1. 53124.00
Parcel Number
  1. 7217014013
Postalcodeplus4
  1. 1210
Reservesexpense
  1. 1000.00
Roof
  1. Flat
Security Features
  1. Smoke Detector(s)
  2. Carbon Monoxide Detector(s)
Totalexpenses
  1. 41160.00
Totalmonthlyrent
  1. 8100
Uncovered Spaces
  1. 6.00
Utilities
  1. Electricity Available
Water Source
  1. Public
Year Built
  1. 1972
Zoning
  1. SHM1*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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