$10,900,000

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.

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