Property profile

2321 Torrance Blvd Torrance, CA 90501

FOR SALE
Office buildings
Property ID
US09-6431110
6,175 SF 0.14 ac lot Built 1985
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story office building, encompassing 6,175 square feet, presents a remarkable investment or owner-user opportunity in the vibrant heart of Torrance, California. Situated on a 0.14-acre lot with approximately 45 feet of frontage on Torrance Boulevard, this property benefits from its proximity to public transit, exempting it from density and parking requirements under AB2097. The building's versatile layout includes two spacious conference rooms, numerous private offices, and collaborative work areas, all enhanced by floor-to-ceiling glass panels that maximize natural light. A highlight is the expansive executive suite, complete with a private full bathroom, a convenient kitchenette featuring a sink and built-in microwave, and a comfortable lounge area. Ample storage is also provided. The building offers five shared restrooms—two on the ground floor and three on the second floor—and nine on-site parking spaces, supplemented by readily available street parking. The second floor, accessible via both front and rear stairwells, presents a unique opportunity for potential subdivision into two separate units, increasing flexibility and rental income. Priced at $2,400,000, this property offers immediate occupancy potential or a strong foundation for leasing. Its prime location and advantageous zoning make it an attractive proposition for discerning buyers.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction TILT-UP CONCRETE
Total area 6,175 SF
Lot 0.14 ac (6,301 SF)
Zoning code TOCC-GEN
APN 7354-014-014
UPID US09-6431110

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Roofing Company General Contractor

Location

2321 Torrance Blvd Torrance, CA 90501
Torrance metro Census 650901 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$957k
Blend (final) Blend
$1.53M

Owner & transaction history

since 2016
7 recorded transactions
2016
Price N/A
2015
$1.0M
2014
$920,000
2014
Price N/A
2006
$1.3M
2003
$520,000
1995
Price N/A

Zoning & alternative use

TOCC-GEN · Torrance, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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