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$ 2,200,000
Est. payment | /mo
0.31 Acres Lot
$ 2,200,000
Est. payment | /mo
0.31 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25572355
HOA Y/N No
Year Built 1972
Lot Size 0.310 Acres
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
Area 8 - Signal Hill
Zoning SHM1*
Interior
Heating None
Fireplace No
Laundry Inside
Exterior
Utilities Available Electricity Available
Roof Type Flat
Total Parking Spaces 6
Building
Water Public
Others
Tax ID 7217014013
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Special Listing Condition Standard
Listed by Dana Coronado Compass