Two-Story Flex
For Sale
$2,750,811
Pending
2227 W 190th Street Torrance, Torrance, CA 90504
Industrial condominium completed in 2005 with adaptable flex-space configuration.
Property Size7,563 SF
Days on Market52
Property Features for 2227 W 190th Street Torrance
General Information
Standard status
Pending
Size
7,563 SF
Amenities
0-1 Unit/Acre
Public
278386
6.3909
Assessor
7563
Building Details
Building Size
7,563 SF
Year Built
2005
Stories
2
Listing Agency:
IRN Realty; 626-780-9618
(909) 328-1567
Listed By:
Susy Osterhoudt · License #01176106
(909) 328-1567
Source:
Rmarealty
Added: Jul 12
Changed: Aug 31
Last Checked: Aug 31 at 12:37PM
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 IRN Realty; 626-780-9618
Investment Insights
Based on property information with market context.
This two-level industrial condominium provides 7,563 square feet of total gross and net rentable area. The property is classified as flex space and offers a condominium format suited to a range of industrial or commercial operations.
Constructed in 2005, the property is located at 2227 W 190th Street in Torrance, California, within the 90504 ZIP code.
Constructed in 2005, the property is located at 2227 W 190th Street in Torrance, California, within the 90504 ZIP code.
Key Highlights
- 7,563 square feet of total gross and net rentable building area
- Two‑story industrial flex condominium
- Built in 2005
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
$93,952
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
3.42%
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%
$1,879,040
$1.9M
Cap Rate 7%
$1,342,171
$1.3M
Cap Rate 9%
$1,043,911
$1.0M
Market Conditions
NOI Build-Up for 7,563 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
$143.4K $18.96/SF
− Vacancy
−$9.2K −$1.21/SF
EGI
$134.2K $17.75/SF
− OpEx
−$40.3K −$5.32/SF
NOI
$94.0K $12.42/SF
Area
Torrance, CA
Vacancy
6.40%
Lease Rate
$18.96 /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%
$1,879,040
Cap Rate 7%
$1,342,171
Cap Rate 9%
$1,043,911
Alternative Uses
Best Use
Industrial
$1.34M
$1.17M – $1.57M
NOI $93,952 @ 7.0% cap · market cap 3.42%
Second Best
Flex RnD
$1.25M
$1.09M – $1.45M
NOI $87,241 @ 7.0% cap · market cap 3.17%
Theoretical Best
Multifamily LT 5
$153.22M
$134.07M – $178.76M
NOI $10,725,529 @ 7.0% cap · market cap 389.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Made by Meg — 2303 W 190th St, Torrance, CA 90504
- MBM Hospitality — 2303 W 190th St, Torrance, CA 90504
Frequently Asked Questions
What type of property is this?
Flex space - Industrial condominium completed in 2005 with adaptable flex-space configuration.
Where is this flex space located?
The property is located at 2227 W 190th Street Torrance Torrance, CA.
What is the asking price?
The asking price for this property is $2,750,811.
What are key features of this property?
This property features: 7,563 square feet of total gross and net rentable building area; Two‑story industrial flex condominium; Built in 2005
