Torrance Retail Asset with
1635 W Carson St Torrance, CA 90503
For Sale
$1,228,000
Retail asset with owner/user flexibility and value-add investment potential.
Property Size3,760 SF
Price / SF$326.60
Days on Market107
Property Features for 1635 W Carson St
General Information
- Standard status
- Active
- Size
- 3,760 SF
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1946
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: Apr 8
Changed: Jul 10
Last Checked: Jul 23 at 2:37AM
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.
The property at 1635 W Carson Street in Torrance presents an opportunity to acquire a retail asset in a strategic location. The property is positioned along a highly trafficked corridor near major medical and employment centers, offering visibility, accessibility, and long-term demand drivers. The asset is suited for an owner/user seeking to establish or expand operations, particularly within restaurant, medical, or service-oriented uses. The property offers income-producing potential through a combination of commercial space and residential units located at the rear of the parcel, creating a diversified revenue stream. The front building previously operated as a restaurant and experienced a fire that impacted a significant portion of the kitchen, office, and main dining area. The rear portion of the structure, including restrooms, hallway, and storage areas, remains intact and unaffected. An investor or owner/user can capitalize on leasing upside, given indications that current and prior rents in the area may be below market levels. The property offers a combination of location, flexible use potential, existing residential income, and a defined value-add component.
Key Highlights
- Strategic location on a high‑traffic corridor near major medical and employment centers, offering strong visibility and accessibility.
- Value‑add investment potential through restoration of the front building (previously a restaurant impacted by fire).
- Income‑producing potential with existing residential units at the rear of the parcel.
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 | $139.0k | $36.96 |
| − Vacancy | −$3.2k | −$0.85 |
| EGI | $135.8k | $36.11 |
| − OpEx | −$40.7k | −$10.83 |
| NOI | $95.0k | $25.28 |
3,760 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.58M
NOI $95,041 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$76.18M
$66.65M – $88.87M
NOI $5,332,274 @ 7.0% cap · market cap 434.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Food Culture LA
Restaurant
The Green Olive Torrance
Restaurant
Olive Tree Italian ...
Restaurant
Similar Off Market Nearby
- Bloom Maven — 1616 Cravens Ave, Torrance, CA 90501
- Hanadai USA — 1820 W 220th St UNIT 210, Torrance, CA 90501
- Floreria Mexico #2 — 1613 w 226th st, torrance, ca 90501
- Torrance Flower Shop — 1400 Cravens Ave, Torrance, CA 90501
- fabulous flowers and more — 22330 S Western Ave #4144, Torrance, CA 90501
FAQs
What type of property is this?
Storefront property - Retail asset with owner/user flexibility and value-add investment potential.
Where is this storefront property located?
The property is located at 1635 W Carson St Torrance, CA.
What is the asking price?
The asking price for this property is $1,228,000.
What are key features of this property?
This property features: Strategic location on a high‑traffic corridor near major medical and employment centers, offering strong visibility and accessibility.; Value‑add investment potential through restoration of the front building (previously a restaurant impacted by fire).; Income‑producing potential with existing residential units at the rear of the parcel.
