Freestanding Retail
For Sale
$1,600,000
18750 Crenshaw, Torrance, CA 90504
Commercial Sale, Torrance, CA
Property Size2,275 SF
Price / SF$703.30
Days on Market135
Property Features for 18750 Crenshaw
General Information
Property type
Residential
Property subtype
Retail
Zoning
TOCC-GEN
Directions
Located on Crenshaw Blvd. just north of 190th St.
Subdivision
133 - N Torrance - East
Standard status
Active
APN
4090020009
Building Details
Year built
1962
Listing Agency:
Century 21 Coastal Properties · Century 21 Real Estate
(310) 371-6330
Listed By:
Randall Porizek · License #01883952
(310) 972-9111
Added: Apr 24
Changed: Sep 2
Last Checked: Sep 5 at 12:06PM
MLS# SB26090164
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.
This freestanding storefront property contains approximately 2,275 square feet, three suites, and a separate storage unit. The building was constructed in 1962 and has received refreshed exterior improvements. Existing long-term tenants occupy the property, while the owner-operated smoke shop may be delivered vacant at closing, creating flexibility for continued owner occupancy or a new lease arrangement. The storage unit is also leased.
Positioned on a corner near Crenshaw Blvd. and 190th St., the property is surrounded by national and local retailers, including a newly built Starbucks. Immediate access to the 405 freeway supports convenient regional connectivity. The site includes ample parking and is zoned TOCC-GEN.
Positioned on a corner near Crenshaw Blvd. and 190th St., the property is surrounded by national and local retailers, including a newly built Starbucks. Immediate access to the 405 freeway supports convenient regional connectivity. The site includes ample parking and is zoned TOCC-GEN.
Key Highlights
- Approximately 2,275 sq. ft. freestanding retail/office building
- Three suites plus a separate storage unit
- Owner‑occupied smoke shop may be delivered vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,505
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,150,100
$1.2M
Cap Rate 7%
$821,500
$821.5K
Cap Rate 9%
$638,944
$638.9K
Market Conditions
NOI Build-Up for 2,275 SF
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.
Gross rent
$84.1K $36.96/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$82.2K $36.11/SF
− OpEx
−$24.6K −$10.83/SF
NOI
$57.5K $25.28/SF
Area
Torrance, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,150,100
Cap Rate 7%
$821,500
Cap Rate 9%
$638,944
Alternative Uses
Best Use
Retail
$821.5K
$718.8K – $958.4K
NOI $57,505 @ 7.0% cap · market cap 3.59%
Second Best
Office B
$745.9K
$652.6K – $870.2K
NOI $52,211 @ 7.0% cap · market cap 3.26%
Theoretical Best
Multifamily LT 5
$46.09M
$40.33M – $53.77M
NOI $3,226,309 @ 7.0% cap · market cap 201.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90504, CA
32,503
Population
12,328
Households
2.6
Avg Household Size
42
Median Age
45%
College-Educated
92%
High-School Grad
4.4 sq mi
ZIP Area
7,387
Density / Sq Mi
$105,474
Median Household Income
$55,683
Median Earnings
$2,225
Median Rent
$897,100
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?
Storefront property - Freestanding commercial building with multiple suites, storage, parking, and existing long-term tenants.
Where is this storefront property located?
The property is located at 18750 Crenshaw Torrance, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approximately 2,275 sq. ft. freestanding retail/office building; Three suites plus a separate storage unit; Owner‑occupied smoke shop may be delivered vacant at closing
