A unique 10,000 SF $138/ SF Warehouse/Creative, Office/Flex Space for Sale/Lease building in Lawndale, 4337 W 147th St, combines usable space with something most competitors lack: on-site dedicated parking. The two-story property is currently configured with a 3,000 SF street-facing karate studio, a 2,000 SF ground-floor flex unit, and a full 5,000 SF open-plan upper level that can be tailored to creative office, training/education, wellness, or light showroom/warehouse needs. Nine exclusive parking spaces on-site, plus plentiful street parking, give tenants and customers convenient access that typical Hawthorne Blvd and neighborhood commercial buildings simply cannot match. The asset will operate at a 12.96% CAP and 6.04 GRM once stabilized.
General Commercial/Neighborhood Commercial zoning in Lawndale permits most professional offices, personal services, retail, and many entertainment/recreation uses by right or with a Special Use Permit. Investors can curate a higher-quality tenant roster than competing older retail strips, with potential to reposition the building as a multi-tenant creative campus or branded owner-user headquarters. Looking ahead, the property also functions as a covered-land play: as Lawndale updates its General Plan and Hawthorne Boulevard Specific Plan to favor mixed-use and higher-intensity infill, future owners retain the option to pursue an SB 330 style residential or mixed-use concept, while the current commercial use carries the land.
For investors, the most compelling exit strategy is to stabilize the asset with a blend of long-term service/office and specialty recreation or training tenants, drive NOI to its projected 12%+ cap rate, and then hold as (1) a cash-flowing core asset in a supply-constrained submarket or (2) a medium-term redevelopment site benefiting from the city’s pro-housing, pro-infill land-use direction.