Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21241 South Western Ave Torrance, CA 90501

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2 SF/Yr ($1,691 /Mo)

    Office space for rent in Torrance with excellent amenities.

    Property size:
    7,659 SF
    Lot size:
    7,659 SF

    Property Features for 21241 South Western Ave

    General Information

    Standard status
    Active
    Size
    7,659 SF

    We can help!

    Listing Contact
    Kenji Sakai
    Source: Cbre

    Listing Agent: Kenji Sakai

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Torrance Office Space Available

    This office space is located in Torrance, offering convenient access to the 405 and 110 freeways. The property provides several amenities, including 24-hour access, a conferencing facility, controlled access, a fitness center, a food court, food service, and a security system. Signage is available. Surface parking is free, with a ratio of 4 spaces per 1000 square feet. The property size is 7659 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Seika Machinery Factory TV Asahi America ... Television Studio Kirin Brewery of America Industrial Manufacturer CBC AMERICAS Corp. Factory Greg Buettner Dumpster ... General Contractor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.3096669
    Latitude
    33.8359461

    Nearby Similar for Lease

    • Contact for pricing
      11,600 SF

      Flexible Space in Old Torrance

      2528 SF space for lease in downtown Torrance.
      1321 Sartori Ave, Torrance, CA 90501
      View Details
    • Contact for pricing

      CA, Torrance - Hawthorne Blvd

      Discover many ways to work your way in San Antonio Airport
      23820 Hawthorne Blvd, Torrance, CA 23820
      View Details
    • $14,820 /Mo

      Torrance Office Building For Lease

      Two-story office building in Torrance with flexible layout.
      2321 Torrance Blvd, Torrance, CA 90501
      View Details
    • Contact for pricing

      CA, Torrance - Skypark Ave

      Discover many ways to work your way in Pembrook Commons
      2790 Skypark Ave, Torrance, CA 90505
      View Details
    • Sponsored
      Contact for pricing

      Del Amo

      Flexible workspace in Hamilton Avenue
      21515 Hawthorne Blvd, Torrance, CA 90503
      View Details
    • $750 /Mo

      Torrance Creative Office Suites

      Flexible office suites suitable for creative office uses.
      23505 Crenshaw Blvd, Torrance, CA 90505
      View Details
    • Contact for pricing

      Torrance Freestanding Building For Lease

      Two-story building with preschool and office space in Torrance.
      19801 Mariner Ave, Torrance, CA 90503
      View Details
    • $750 /Mo
      26,776 SF

      Torrance Office Suites For Lease

      Flexible office suites available for lease in Torrance, California.
      23505 Crenshaw Blvd, Torrance, CA 90505
      View Details
    • Contact for pricing

      Torrance Office Campus Leasing Opportunity

      Multi-tenant office campus in Central Torrance Business District for lease.
      3838-3878 Carson St, Torrance, CA 90503
      View Details
    • Contact for pricing

      Prime Location Office Leasing Opportunity

      Premier South Torrance location with high visibility and ample parking.
      2700 S Pacific Coast Hwy, Torrance, CA 90505
      View Details
    • $735 /Mo

      Torrance Office Space For Rent

      Functional office space in Torrance, ideal for small business.
      2780 Sepulveda Blvd, Torrance, CA 90505
      View Details
    • Contact for pricing

      Torrance Office and Medical Campus

      Mixed-use campus with office and medical spaces in Torrance.
      21515-21605 Hawthorne Blvd, Torrance, CA 90503
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent in Torrance with excellent amenities.
    Where is this office units located?
    The property is located at 21241 South Western Ave Torrance, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Excellent Torrance Location with Easy Access to 405/110 Freeways; - Free Surface Parking with a Ratio of 4/1000 SF; - Enjoy 24 Hour Access
    Request Owner's contact information
    21241 South Western Ave Torrance, CA 90501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21241 South Western Ave
    Torrance, CA 90501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21241 South Western Ave Torrance, CA 90501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kenji Sakai
    Real Estate License ID: 01348106
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!