Active

14948 Crenshaw Boulevard

Gardena CA, 90249

$10,900,000


$1,065.39 per sqft

Active

10,231 sqft

Commercial

Built in 1947

Listed by Jason Hong with Team Spirit Realty 714-562-0404

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.

RS22247037

MLS ID

August 23, 2023

Listed

May 9, 2024

Updated

Map

14948 Crenshaw Boulevard
Gardena CA, 90249

Interior Features

Total Stories

1


Laundry Description

None


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.96 Acres


Lot Features

Lot Over 40000 Sqft, Near Park, Near Public Transit, Paved, Rectangular Lot, Street Level


Roof

Other

Other Property Details

Area Name

C34 - Los Angeles Southwest


Days on Market

363


Garage

No


Parking Total

120


View

No


County

Los Angeles


Water Source

Public


Pool

No


Zoning

GAC3


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

12/23/2023

Price Change

$10,900,000

13%

Listing Contact: 714-562-0404 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/9/2024. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/9/2024 at 12:23 PM UTC

 

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