Torrance Mixed-Use Property for
For Sale
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2210 West 229th Street, Torrance, CA 90501
Mixed-use property in Torrance, CA, suitable for retail or residential.
Property Size2,880 SF
Price / SF$426.74
Days on Market112
Property Features for 2210 West 229th Street
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Retail, Multifamily
Investment Type
Core+
Net Operating Income
$49,614
Building Details
Year Built
1964
Listing Agency:
Stream Realty Partners Greater L.A.
Listed By:
Pat Swanson · License #CA 01382974
Source:
Crexi
Added: May 13
Changed: Aug 8
Last Checked: Sep 1 at 3:56AM
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 Stream Realty Partners Greater L.A.
Investment Insights
Based on property information with market context.
This mixed-use property, located in Torrance, California, offers 2,880 square feet of space. It is suitable for either retail or residential income purposes.
Key Highlights
- Mixed‑use property suitable for retail or residential.
- Located in Torrance, CA.
- Built in 1964.
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
$72,798
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
5.92%
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%
$1,455,960
$1.5M
Cap Rate 7%
$1,039,971
$1.0M
Cap Rate 9%
$808,867
$808.9K
Market Conditions
NOI Build-Up for 2,880 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
$106.4K $36.96/SF
− Vacancy
−$2.4K −$0.85/SF
EGI
$104.0K $36.11/SF
− OpEx
−$31.2K −$10.83/SF
NOI
$72.8K $25.28/SF
Area
Torrance, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$1,455,960
Cap Rate 7%
$1,039,971
Cap Rate 9%
$808,867
Alternative Uses
Best Use
Apartment 5plus
$50.92M
$44.55M – $59.40M
NOI $3,564,156 @ 7.0% cap · market cap 290.00%
Second Best
Retail
$1.04M
$910.0K – $1.21M
NOI $72,798 @ 7.0% cap · market cap 5.92%
Theoretical Best
Multifamily LT 5
$58.35M
$51.05M – $68.07M
NOI $4,084,295 @ 7.0% cap · market cap 332.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,610
Businesses Nearby
62k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 62%
Shops & Services 36%
Hotels & Casinos 2%
Jack in the Box
Dining
16,919 visits/mo
0.3 miles
7-Eleven
Shops & Services
12,409 visits/mo
0.2 miles
Wendy's
Dining
11,137 visits/mo
0.4 miles
Chevron
Shops & Services
9,817 visits/mo
0.3 miles
KFC
Dining
5,996 visits/mo
0.2 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Mixed-use property in Torrance, CA, suitable for retail or residential.
Where is this retail property located?
The property is located at 2210 West 229th Street Torrance, CA.
What is the asking price?
The asking price for this property is $1,229,000.
What are key features of this property?
This property features: Mixed‑use property suitable for retail or residential.; Located in Torrance, CA.; Built in 1964.
