Listed by Marcus & Millichap - South Bay, Marcus & Millichap
$1,378,000
1635 W Carson St
Details
APN 7349-033-025
Property Type Mixed Use, Multifamily
Sub Type Restaurant
Square Footage 3,760
Net Rentable (SqFt) 3,760
Units 3
Occupancy 57%
Tenancy Vacant
Pro-Forma Cap Rate 9.31%
Pro-Forma NOI $128,358
Price per SqFt $366
Year Built 1946
Buildings 2
Stories 2
Acreage 0.130
Zoning C2
Investment Type Owner/User
Ownership owner/user
Sale Condition 1031 exchange
Retail/Restaurant - Owner/user /Investor
Marketing description
1635 W Carson Street presents a value-add commercial opportunity in a high-visibility South Bay corridor. The property features a retail building with a vacant former restaurant space and additional residential units in the rear, offering a compelling mix of income potential and repositioning upside.
The front building is currently vacant and undergoing a remodel due to fire damage, which impacted the kitchen, office, and dining areas. The rear portion of the structure, including bathrooms, hallway, and storage remains intact and unaffected.
The restaurant space has a proven operational history at this location, making it well positioned for a new tenant or owner/user once restored.
Investment highlights
- Vacant Retail / Restaurant Opportunity with established historical use
- Value-Add Investment through renovation and lease-up
- Fire-Damaged Front Area (kitchen, office, dining)
- Unaffected Rear Interior including restrooms, hallway, and storage
- Residential Units in Rear providing supplemental income potential
- Strong Street Frontage & Visibility along Carson Street
- Flexible Exit Strategies: lease-up, owner-user, or redevelopment
Listing Contacts
Listed by Marcus & Millichap - South Bay, Marcus & Millichap
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