Torrance Medical Building For
For Sale
$1,450,000
1629 Crenshaw, Torrance, CA 90501
Single-story medical building in Torrance, suitable for owner-use or investment.
Property Size2,324 SF
Lot Size0.16 Acres
Price / SF$623.92
Days on Market99
Property Features for 1629 Crenshaw
General Information
Standard status
Active
Size
2,324 SF
Lot size
0.16 Acres
Property subtype
Commercial
Building Details
Year Built
1947
Listing Agency:
TRG Realestate Group, Inc.
(310) 901-1137
Listed By:
Kevin Suh · License #01307730
(310) 901-1137
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 11:29AM
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 TRG Realestate Group, Inc.
Investment Insights
Based on property information with market context.
This single-story, single-unit building offers 2,324 square feet of space and is located in Torrance. Situated on a lot over 7,000 square feet, the property features parking space in the rear. The building is currently used as a dental office, with a front desk, waiting area, a main office, 4 operatory rooms, an X-ray room, a bathroom, and a common area. The property is categorized as a medical building. A new HVAC system was installed in March 2026, and a new roof was installed in May 2026. Termite clearance work was completed in February 2026. The location offers a walk score of 68, indicating it is somewhat walkable, a bike score of 46, indicating it is somewhat bikeable, and a transit score of 36, indicating some transit options are available. This property presents an opportunity for owner-use or investment.
Key Highlights
- Operation aborted.
Financial Insights For Office B
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 | $83.7k | $36.00 |
| − Vacancy | −$12.5k | −$5.40 |
| EGI | $71.1k | $30.60 |
| − OpEx | −$17.8k | −$7.65 |
| NOI | $53.3k | $22.95 |
2,324 SF · lease $36.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$761.9K
$666.7K – $888.9K
NOI $53,336 @ 7.0% cap · market cap 3.68%
Second Best
Healthcare Medical
$444.6K
$389.0K – $518.7K
NOI $31,123 @ 7.0% cap · market cap 2.15%
Theoretical Best
Multifamily LT 5
$47.08M
$41.20M – $54.93M
NOI $3,295,799 @ 7.0% cap · market cap 227.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,324
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90501, CA
43,990
Population
15,867
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
88%
High-School Grad
5.7 sq mi
ZIP Area
7,718
Density / Sq Mi
$92,815
Median Household Income
$43,526
Median Earnings
$1,868
Median Rent
$887,300
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?
Medical Office Space - Single-story medical building in Torrance, suitable for owner-use or investment.
Where is this medical office space located?
The property is located at 1629 Crenshaw Torrance, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Operation aborted.
