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16671440

Torrance Blvd And Sartori Ave, Torrance, CA 90501, Torrance, CA 90501

TG
CA 02190756
Kidder Mathews El Segundo
RS
CA 01940376
Kidder Mathews
Listed by Kidder Mathews El Segundo, Kidder Mathews
$3,500,000
981 days on market
Updated 65 days ago

Torrance Boulevard And Sartori Ave. Torrance, CA 90501

Details
Property Type Retail
Sub Type Bar, Restaurant
Square Footage 3,932
Net Rentable (SqFt) 3,932
NOI $200,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Pro-Forma Cap Rate 10%
Pro-Forma NOI $350,000
Class A
Year Built 1941
Year Renovated 2014
Buildings 1
Lot Size (SqFt) 7,524
Zoning TODC-CTR
Investment Type Owner/User
Sale Condition For sale by owner

Torrance Blvd And Sartori Ave, Torrance, CA 90501

Marketing description

Fantastic owner-user bar/restaurant opportunity in Torrance! Business has a rare Type 48 liquor license. Well-located freestanding building consisting of a 3,932 SF with a large 2,500 SF patio on a 7,524 SF lot (0.17 ACRES). This is a unique opportunity with the real estate, profitable business, fixtures, inventory, & equipment will all be included in the sale.

The subject property is located in the Torrance District, which is experiencing its own renaissance with the city’s Downtown Revitalization and Connectivity Plan. Downtown Torrance is a place where residents, employees, and visitors can live, work, and play in a vibrant, active, and walkable environment. Here, local businesses can thrive in the midst of new dining, shopping, housing, and recreation. There are many lively dining establishments, retailers, and neighborhood service tenants in the area. Old Town Torrance is an up-and-coming downtown district in the heart of one of the densest cities in the South Bay.

Investment highlights

  • Unique opportunity to acquire the real estate, profitable business, fixtures, inventory, & equipment in the sale.

  • Join an up-and-coming district in the heart of one of the densest cities in the South Bay.

  • Situated in a dense South Bay City featuring approximately 144,430 people with an average household income of $94,781.

  • Recently renovated offering a seamless transition from the front restaurant/bar-tops to the 2,500 SF patio, utilizing sleek sliding glass doors and windows.

  • The subject property has a CUP that allows the sale of liquor with their Type 48 License and can be open until 2:00AM.

  • Walker's Paradise (95).

Listing Contacts

TG
CA 02190756
Kidder Mathews El Segundo
RS
CA 01940376
Kidder Mathews
Listed by Kidder Mathews El Segundo, Kidder Mathews

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$200,000.00
$16,666.67/mo

Valuation Metrics

0
DSCR
5.71%
Cap Rate
5.71%
ROI

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