Two-Story Office
For Sale
Contact for pricing
2008 W Carson St, Torrance, CA 90501
C1-zoned office property with on-site parking and an established tenant base.
Property Size6,988 SF
Lot Size0.41 Acres
Price / SF$386.38
Days on Market159
Property Features for 2008 W Carson St
General Information
Standard status
Active
Size
6,988 SF
Class
C
Lot size
0.41 Acres
Property subtype
Office
Zoning
C1
Occupancy
95%
Lease Type
Gross
Investment Type
Stabilized
Net Operating Income
$127,540
Building Details
Year Built
1960
Buildings
1
Stories
2
Tenancy
Multi
Building Size
6,988 SF
Listing Agency:
Thompson Team Real Estate
(310) 941-8199
Listed By:
Darryll Hamilton · License #CA 02000676
Source:
Crexi
Added: Mar 26
Changed: Aug 30
Last Checked: Aug 30 at 8:21PM
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 Thompson Team Real Estate
Investment Insights
Based on property information with market context.
This two-story office building contains approximately 6,988 square feet on a 17,860-square-foot lot. The property is configured for office use, includes on-site parking, and is currently 95% occupied. Up to 22 units may be possible, offering flexibility in how the interior is arranged for future leasing strategies. Recent property work includes resurfacing the parking lot and repainting the exterior. The roof is described as well maintained with no known leaks.
Positioned on a corner at 2008 W Carson St in Torrance, the property benefits from reported exposure to more than 30,000 vehicles daily. It is located in Old Town Torrance, adjacent to a newly constructed apartment development and surrounded by retail, dining, and professional services. Zoning is C1. Potential for a higher-density residential redevelopment project is identified in the source information and would require buyer verification.
Positioned on a corner at 2008 W Carson St in Torrance, the property benefits from reported exposure to more than 30,000 vehicles daily. It is located in Old Town Torrance, adjacent to a newly constructed apartment development and surrounded by retail, dining, and professional services. Zoning is C1. Potential for a higher-density residential redevelopment project is identified in the source information and would require buyer verification.
Key Highlights
- Approximately 6,988 SF office building on a 17,860 SF lot
- Two‑story configuration with potential for up to 22 units
- 95% occupied with long‑term tenants
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
$160,375
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
5.94%
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%
$3,207,500
$3.2M
Cap Rate 7%
$2,291,071
$2.3M
Cap Rate 9%
$1,781,944
$1.8M
Market Conditions
NOI Build-Up for 6,988 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
$251.6K $36.00/SF
− Vacancy
−$37.7K −$5.40/SF
EGI
$213.8K $30.60/SF
− OpEx
−$53.5K −$7.65/SF
NOI
$160.4K $22.95/SF
Area
Torrance, CA
Vacancy
15.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
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%
$3,207,500
Cap Rate 7%
$2,291,071
Cap Rate 9%
$1,781,944
Alternative Uses
Best Use
Office B
$2.29M
$2.00M – $2.67M
NOI $160,375 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$141.57M
$123.88M – $165.17M
NOI $9,910,088 @ 7.0% cap · market cap 367.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,343
Businesses Nearby
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?
Office building - C1-zoned office property with on-site parking and an established tenant base.
Where is this office building located?
The property is located at 2008 W Carson St Torrance, CA.
What is the asking price?
The asking price for this property is $2,699,999.
What are key features of this property?
This property features: Approximately 6,988 SF office building on a 17,860 SF lot; Two‑story configuration with potential for up to 22 units; 95% occupied with long‑term tenants
