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LIST PRICE:
Best Offer
TOTAL BUILDING AREA:
±76,783 SF
TOTAL LAND AREA:
±166,261 SF (±3.82 Acres)
ZONING:
Hawthorne Blvd. Corridor Specific Plan, DA-2
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INITIAL BID DATE FRIDAY, DECEMBER 18TH
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INVESTMENT HIGHLIGHTS
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Irreplaceable South Bay Site – With one parcel totaling approximately ±3.82 acres, in-place income from the existing improvements and significant redevelopment potential, Gable House presents a generational opportunity to purchase a prime developmental parcel in the infill and highly-desirable South Bay area
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Multitude of Permitted Uses, Including Residential – With the flexible nature of Hawthorne Boulevard Corridor Specific Plan/DA-2 zoning, Gable House has the potential to be redeveloped into a variety of uses including retail, residential, senior’s, office, healthcare, hotel, or mixed-use facility increasing its “highest and best use” potential
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Existing Improvements and Income – Gable House is currently configured as a 3-building retail center consisting of two multi-tenant buildings fronting Hawthorne Boulevard and the single-tenant Gable House Bowl – the property has enjoyed long-term success in this configuration with Gable House Bowl Center as staple in the community for decades with a highly-successful bowling alley operation
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Significant Frontage and Exposure – The site enjoys over 400 feet of frontage along Hawthorne Boulevard (±62,212 CPD), one of the primary arterials within the immediate trade area, and is immediately south of Sepulveda Boulevard (±60,795 CPD) – one of the highest traffic intersections in the region
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Del Amo Fashion Center – Across the intersection of Gable House, Del Amo Fashion Center is a 3.7 million SF, 230-acre super regional mall home to over 240 specialty stores and over 27.6 million visitors annually with a recent multimillion-dollar redevelopment further proving the area’s status as a shopping and entertainment destination in the heart of the South Bay
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Dense and Highly Affluent SoCal Demographics – Over 26,000 people with Average Household Incomes exceeding $122,000 within a 1-mile radius, over 196,000 people with Average Household Incomes exceeding $133,000 within a 3-mile radius, and over 476,000 people with Average Household Incomes exceeding $135,000 within a 5-mile radius
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CLICK HERE TO DOWNLOAD OFFERING MEMORANDUM
FOR MORE
INFORMATION
PLEASE CONTACT:
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THIS IS A MARKETING COMMUNICATION
We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
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