Storefront Retail
18731 Crenshaw Blvd Torrance, CA 90504
18731 Crenshaw Blvd, Torrance, CA, 90504
$1,550,000
For Sale
$1,550,000
Retail storefront on Crenshaw Boulevard in an established Torrance commercial corridor.
Property Size4,579 SF
Price / SF$338.50
Days on Market31
Property Features for 18731 Crenshaw Blvd
General Information
- Standard status
- Active
- Size
- 4,579 SF
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1951
Listing Agency
Marcus & Millichap - South Bay
(424) 405-3931
Listed by
Roxanne L. Faire · License #License(s): CA: CA02327188
(424) 405-3931
Source
Marcusmillichap
Added: Jun 17 Checked: Jul 17 at 2:15 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - South Bay
Investment Insights
Based on property information with market context.
18727-18731 Crenshaw Blvd presents a retail storefront property offered for sale, positioned within an established commercial corridor in Torrance. The offering is presented as a single retail asset for investors seeking ownership of a neighborhood retail frontage along Crenshaw Boulevard.
The property is located directly on Crenshaw Boulevard, a major commercial thoroughfare, with frontage that supports visibility for passersby. The remarks describe the area as a well-established retail corridor with proximity to major employment centers throughout the South Bay.
For prospective tenants, buyers, and operators, the asset’s retail positioning along a heavily traveled boulevard can support businesses that benefit from storefront exposure and customer walk-by traffic. The property is being marketed as an opportunity to own a retail asset in a supply-constrained retail environment, with the intent of supporting long-term holding strategies. Prospective parties should review unit details, lease status, and financial information for a complete understanding of the current income and operating characteristics.
The property is located directly on Crenshaw Boulevard, a major commercial thoroughfare, with frontage that supports visibility for passersby. The remarks describe the area as a well-established retail corridor with proximity to major employment centers throughout the South Bay.
For prospective tenants, buyers, and operators, the asset’s retail positioning along a heavily traveled boulevard can support businesses that benefit from storefront exposure and customer walk-by traffic. The property is being marketed as an opportunity to own a retail asset in a supply-constrained retail environment, with the intent of supporting long-term holding strategies. Prospective parties should review unit details, lease status, and financial information for a complete understanding of the current income and operating characteristics.
Key Highlights
- Retail storefront on Crenshaw Boulevard in an established Torrance commercial corridor
- Year built: 1951
- Located along highly trafficked Crenshaw Boulevard
Local Financial Insights For Retail
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 | $169.2k | $36.96 |
| − Vacancy | −$3.9k | −$0.85 |
| EGI | $165.3k | $36.11 |
| − OpEx | −$49.6k | −$10.83 |
| NOI | $115.7k | $25.28 |
4,579 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.65M
$1.45M – $1.93M
NOI $115,743 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$92.77M
$81.17M – $108.23M
NOI $6,493,745 @ 7.0% cap · market cap 418.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Retail storefront on Crenshaw Boulevard in an established Torrance commercial corridor.
Where is this storefront property located?
The property is located at 18731 Crenshaw Blvd Torrance, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Retail storefront on Crenshaw Boulevard in an established Torrance commercial corridor; Year built: 1951; Located along highly trafficked Crenshaw Boulevard
