Single-Story Medical Office with
For Sale
$1,450,000
Pending
1629 Crenshaw, Torrance, CA 90501
SINGLE_FAMILY - Torrance, CA
Property Size2,324 SF
Lot Size7,000.00 Acres
Days on Market177
Property Features for 1629 Crenshaw
General Information
Property type
Residential
Property subtype
Office
Directions
Just North of Carson St. On Crenshaw Blvd.
Subdivision
126 - Central Torrance
Standard status
Pending
APN
7362033006
Lot size
7,000.00 Acres
Building Details
Year built
1947
Listing Agency:
The Realestate Group
(310) 540-0072
Listed By:
Kevin Suh · License #01307730
(310) 901-1137
Added: Feb 4
Changed: Jul 29
Last Checked: Jul 31 at 2:06PM
MLS# SB26023908
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A single-story, standalone medical office building in a well-maintained condition, currently used as a dental office. The interior includes a front desk, waiting area, main office, four operatory rooms, an x-ray space, a bathroom, and a common area.
The property offers ample parking in the rear off Crenshaw, with a lot size of over 7,000 square feet and easy ingress and egress described in the remarks. Recent upgrades include new HVAC completed in March 2026, a new roof completed in May 2026, and termite clearance work completed in February 2026.
With its medical-building setup and dedicated on-site parking, the property may be suited for owner-use or as an investment. The sellers will consider a 1031 exchange.
The property offers ample parking in the rear off Crenshaw, with a lot size of over 7,000 square feet and easy ingress and egress described in the remarks. Recent upgrades include new HVAC completed in March 2026, a new roof completed in May 2026, and termite clearance work completed in February 2026.
With its medical-building setup and dedicated on-site parking, the property may be suited for owner-use or as an investment. The sellers will consider a 1031 exchange.
Key Highlights
- 2,324 SF single‑story standalone medical building built in 1947
- Dental office setup with front desk, waiting area, main office, 4 operatory rooms, X‑ray space, bathroom, and common area
- Recently completed upgrades: new HVAC (March 2026), new roof (May 2026), and termite clearance (Feb 2026)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.7k | $36.00 |
| − Vacancy | −$12.5k | −$5.40 |
| EGI | $71.1k | $30.60 |
| − OpEx | −$17.8k | −$7.65 |
| NOI | $53.3k | $22.95 |
2,324 SF · lease $36.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$761.9K
$666.7K – $888.9K
NOI $53,336 @ 7.0% cap · market cap 3.68%
Second Best
Healthcare Medical
$444.6K
$389.0K – $518.7K
NOI $31,123 @ 7.0% cap · market cap 2.15%
Theoretical Best
Multifamily LT 5
$47.08M
$41.20M – $54.93M
NOI $3,295,799 @ 7.0% cap · market cap 227.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90501, CA
43,990
Population
15,867
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
88%
High-School Grad
5.7 sq mi
ZIP Area
7,718
Density / Sq Mi
$92,815
Median Household Income
$43,526
Median Earnings
$1,868
Median Rent
$887,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A standalone medical office with rear parking, reception and four operatory rooms, plus an x-ray space.
Where is this medical office space located?
The property is located at 1629 Crenshaw Torrance, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 2,324 SF single‑story standalone medical building built in 1947; Dental office setup with front desk, waiting area, main office, 4 operatory rooms, X‑ray space, bathroom, and common area; Recently completed upgrades: new HVAC (March 2026), new roof (May 2026), and termite clearance (Feb 2026)
