Freestanding Corner Retail/Office
For Sale
$1,600,000
18750 Crenshaw, Torrance, CA 90504
Three-suite freestanding asset with an additional leased storage unit and an owner-occupied smoke shop deliverable vacant at close.
Property Size2,275 SF
Price / SF$703.30
Days on Market164
Property Features for 18750 Crenshaw
General Information
Standard status
Active
Size
2,275 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
1962
Listing Agency:
Century 21 Coastal Properties
(310) 371-6330
Listed By:
Randall Porizek · License #01883952
Source:
Xome
Added: Feb 17
Changed: Jul 10
Last Checked: Jul 16 at 5:47AM
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 Century 21 Coastal Properties
Investment Insights
Based on property information with market context.
This freestanding retail/office building is newly refreshed and set on a high-exposure corner lot. The property contains three separate suites plus an additional storage unit, supporting a diversified income stream. An owner-occupied smoke shop is included and can be delivered vacant at close of escrow, giving the buyer the option to occupy or lease the space. A separate storage unit is currently leased.
The building is located in the heart of Torrance at 18750 Crenshaw Blvd., near Crenshaw Blvd. and 190th St. The area is described as benefiting from strong traffic counts and strong visibility. The property also offers ample parking and is positioned for convenient access to the 405 freeway.
For investors or owner-users, the layout provides multiple rental lines through the three suites and storage unit, with long-term tenants already in place to support current operations. The smoke shop vacancy at close creates flexibility for immediate occupancy or a follow-on lease strategy. The asset’s retail/office configuration and straightforward suite structure can support a range of tenancy plans, while exterior updates and the corner setting are designed to help present the property to prospective customers and tenants.
The building is located in the heart of Torrance at 18750 Crenshaw Blvd., near Crenshaw Blvd. and 190th St. The area is described as benefiting from strong traffic counts and strong visibility. The property also offers ample parking and is positioned for convenient access to the 405 freeway.
For investors or owner-users, the layout provides multiple rental lines through the three suites and storage unit, with long-term tenants already in place to support current operations. The smoke shop vacancy at close creates flexibility for immediate occupancy or a follow-on lease strategy. The asset’s retail/office configuration and straightforward suite structure can support a range of tenancy plans, while exterior updates and the corner setting are designed to help present the property to prospective customers and tenants.
Key Highlights
- Freestanding retail/office building at 18750 Crenshaw Blvd in Torrance (approx. 2,275 sq. ft.)
- 3‑suite layout plus an additional storage unit; storage unit is currently leased
- Owner‑occupied smoke shop can be delivered vacant at close of escrow for occupancy or leasing
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 | $84.1k | $36.96 |
| − Vacancy | −$1.9k | −$0.85 |
| EGI | $82.2k | $36.11 |
| − OpEx | −$24.6k | −$10.83 |
| NOI | $57.5k | $25.28 |
2,275 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$821.5K
$718.8K – $958.4K
NOI $57,505 @ 7.0% cap · market cap 3.59%
Second Best
Office B
$745.9K
$652.6K – $870.2K
NOI $52,211 @ 7.0% cap · market cap 3.26%
Theoretical Best
Multifamily LT 5
$46.09M
$40.33M – $53.77M
NOI $3,226,309 @ 7.0% cap · market cap 201.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
939
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Three-suite freestanding asset with an additional leased storage unit and an owner-occupied smoke shop deliverable vacant at close.
Where is this retail space located?
The property is located at 18750 Crenshaw Torrance, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Freestanding retail/office building at 18750 Crenshaw Blvd in Torrance (approx. 2,275 sq. ft.); 3‑suite layout plus an additional storage unit; storage unit is currently leased; Owner‑occupied smoke shop can be delivered vacant at close of escrow for occupancy or leasing
