Storefront Retail
For Sale
$1,399,999
18731 Crenshaw Blvd, Torrance, CA 90504
Retail storefront on Crenshaw Boulevard in an established Torrance commercial corridor.
Property Size4,579 SF
Price / SF$305.74
Days on Market77
Property Features for 18731 Crenshaw Blvd
General Information
Standard status
Active
Size
4,579 SF
Property subtype
Vacant-User
Additional Details
Cap Rate
3.36%
Amenities
Prime North Torrance retail location on Crenshaw Boulevard with strong visibility, consistent traffic counts, and convenient access to the 405 Freeway.
Positioned in a dense South Bay trade area supported by affluent residential neighborhoods, major employers, and strong daytime population drivers.
Rare opportunity to acquire a retail asset in a high, barrier to entry market with limited commercial inventory and long term appreciation potential.
Building Details
Building Size
4,579 SF
Year Built
1951
Listing Agency:
Marcus & Millichap - South Bay
(424) 405-3931
Listed By:
Roxanne Faire · License #License(s): CA: CA02327188
(424) 405-3931
Source:
Marcusmillichap
Added: Jun 17
Changed: Aug 27
Last Checked: Aug 31 at 12:51PM
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
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
$115,743
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
8.27%
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%
$2,314,860
$2.3M
Cap Rate 7%
$1,653,471
$1.7M
Cap Rate 9%
$1,286,033
$1.3M
Market Conditions
NOI Build-Up for 4,579 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
$169.2K $36.96/SF
− Vacancy
−$3.9K −$0.85/SF
EGI
$165.3K $36.11/SF
− OpEx
−$49.6K −$10.83/SF
NOI
$115.7K $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%
$2,314,860
Cap Rate 7%
$1,653,471
Cap Rate 9%
$1,286,033
Alternative Uses
Best Use
Retail
$1.65M
$1.45M – $1.93M
NOI $115,743 @ 7.0% cap · market cap 8.27%
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 463.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
79k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 20%
Home Improvements & Furnishings 1%
McDonald's
Dining
34,960 visits/mo
0.4 miles
The Coffee Bean & Tea Leaf
Dining
16,719 visits/mo
0.3 miles
Shell
Shops & Services
13,595 visits/mo
0.1 miles
Starbucks
Dining
10,417 visits/mo
0.1 miles
Jiffy Lube
Shops & Services
2,659 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
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 $1,399,999.
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
