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14948 Crenshaw Boulevard,  Los Angeles CA, 90249

(Active)
$10,900,000
|
10,231 sqft
|
MLS# RS22247037
Last Updated: 5/17/2024 11:39 PM
Description for 14948 Crenshaw Boulevard Los Angeles, CA 90249
Location! Location! Location! Currently running Movie Theater, known as "Gardena Cinema" with a Commercial lot size 41,695 sq ft (Two lots including a parking lot) on a busy Crenshaw Blvd (near from the corner Marine Ave) in Gardena City for sale, its property and its theater movie showing business together. This property's frontage to the Crenshaw Blvd is 250 feet x depth 160 feet. total lot size is app. 41,695 sq.ft. comercial zoning lot.The present owner has owned and operated this movie theater business for the past 46 years long and now seller is ready to retire from this lovely business. The theater building size is 10,231 sq ft with capacity 800 seats, built in 1947, one story-building with a high ceiling and parking 120 lots which is in an adjacent lot. There is one tenant, a beauty hair salon in the right side of the theater entrance and another retail space in the frint This sale is included movie/cinema business and its equipment. Any buyer can run the cinema business or rent the theater for a movie company or others at the rate of $1,200~1,500 per hour. Monthly income from the movie theater is depended on how many days or how often times per day this cinema, and Irregular rent income by providing the cinema facilities.This property is also having a big potential for redevelopment opportunities for a multi unit apartments on this large lot (Buyer and its agent must verify with local governments about all information). This property is located in growing area, near El Camino College, LAX airport, SoFi Stadium and Downtown LA. Easy access to Freeway 110, 405, 105 and 91.
Price
$10,900,000
Los Angeles
10,231 (approx)
RS22247037
Active
Description
Location! Location! Location! Currently running Movie Theater, known as "Gardena Cinema" with a Commercial lot size 41,695 sq ft (Two lots including a parking lot) on a busy Crenshaw Blvd (near from the corner Marine Ave) in Gardena City for sale, its property and its theater movie showing business together. This property's frontage to the Crenshaw Blvd is 250 feet x depth 160 feet. total lot size is app. 41,695 sq.ft. comercial zoning lot.The present owner has owned and operated this movie theater business for the past 46 years long and now seller is ready to retire from this lovely business. The theater building size is 10,231 sq ft with capacity 800 seats, built in 1947, one story-building with a high ceiling and parking 120 lots which is in an adjacent lot. There is one tenant, a beauty hair salon in the right side of the theater entrance and another retail space in the frint This sale is included movie/cinema business and its equipment. Any buyer can run the cinema business or rent the theater for a movie company or others at the rate of $1,200~1,500 per hour. Monthly income from the movie theater is depended on how many days or how often times per day this cinema, and Irregular rent income by providing the cinema facilities.This property is also having a big potential for redevelopment opportunities for a multi unit apartments on this large lot (Buyer and its agent must verify with local governments about all information). This property is located in growing area, near El Camino College, LAX airport, SoFi Stadium and Downtown LA. Easy access to Freeway 110, 405, 105 and 91.
Listing Information
Property Type: Retail, Business Opportunities, 1 Story
0.96 Acres Assessor 10,231 (approx)
1947 1
Public
Electricity Connected,Sewer Connected,Water Connected
1 Total
Neighborhood
Room Information
None
Exterior / Lot Features
120 Parking Spaces, 0 Covered Parking Spaces,
Other
GAC3
Lot Over 40000 Sqft,Near Park,Near Public Transit,Paved,Rectangular Lot,Street Level
Driving Directions
From FWY 110, exit to Rosecrans Ave and go West, turn Left at Crenshire Bl. Fwy 405 to Crenshire Bl, go North.
Financial Considerations
4064014004
Cash,Cash to New Loan
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90249 has a population of 59,874.

The median household income in Los Angeles, California 90249 is $65,672. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90249 is 38 years.

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Listing Agent: Jason Hong CalDRE: 00863293 - Team Spirit Realty, 213-500-7237
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/17/2024 11:39 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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