14948 Crenshaw Boulevard, Los Angeles CA, 90249
(Active)
$10,900,000
|
10,231 sqft
|
MLS# RS22247037
Last Updated: 5/8/2024 2:48 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.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 12/22/2023 | Active | $10,900,000 USD 13.66% |
|
| 11/27/2022 | Active | $9,590,000 USD |
|