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 Market157
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 Southern California Inc.
Listed By:
Pat Swanson · License #CA 01382974
Source:
Crexi
Added: May 13
Changed: Oct 6
Last Checked: Oct 16 at 8:31AM
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 Southern California Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$72,798
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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.
