Industrial Warehouse with Ground-Level
For Sale
$2,980,000
22809 Lockness Avenue, Torrance, CA 90501
Commercial Sale, Torrance, CA
Property Size8,100 SF
Lot Size0.42 Acres
Price / SF$367.90
Days on Market571
Property Features for 22809 Lockness Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
LAM2
Directions
East of Western, west of Normandie, south of 228th St, north of Sepulveda
Subdivision
122 - Harbor Gateway
Standard status
Active
APN
7347017065
Lot size
0.42 Acres
Additional Details
Property Use
Warehouse
Amenities
Security lighting
Alarm system
Building Details
Year built
1988
Buildings
1
Listing Agency:
Realty ONE Group United
(310) 356-0940
Listed By:
Debbie Miura · License #01052457
(310) 800-5828
Added: Apr 14, 2025
Changed: Nov 2
Last Checked: Nov 5 at 10:06AM
MLS# SB25034760
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1988, this 8,100-square-foot industrial warehouse sits on an 18,245-square-foot lot and is zoned LAM2. The ground floor includes two private rooms and two bathrooms, one with a shower. Two stairways lead to separate second-floor areas containing four private rooms and three private rooms, respectively. A ground-level loading door, security lighting, an alarm system, and on-site parking are also provided. The layout includes space for offices, meetings, shipping, packing, and conference functions, with distribution and light manufacturing identified as potential uses.
The property is in Torrance, with access to freeways 110, 105, 405, and 91. The Ports of Long Beach and Los Angeles and LAX are also identified as nearby regional destinations.
The property is in Torrance, with access to freeways 110, 105, 405, and 91. The Ports of Long Beach and Los Angeles and LAX are also identified as nearby regional destinations.
Key Highlights
- 8,100 SF warehouse on an 18,245 SF lot
- LAM2 zoning
- Ground‑level loading door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,185
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,443,700
$2.4M
Cap Rate 7%
$1,745,500
$1.7M
Cap Rate 9%
$1,357,611
$1.4M
Market Conditions
NOI Build-Up for 8,100 SF
Gross rent
$153.6K $18.96/SF
− Vacancy
−$9.8K −$1.21/SF
EGI
$143.7K $17.75/SF
− OpEx
−$21.6K −$2.66/SF
NOI
$122.2K $15.08/SF
Area
Torrance, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,443,700
Cap Rate 7%
$1,745,500
Cap Rate 9%
$1,357,611
Alternative Uses
Best Use
Warehouse
$1.75M
$1.53M – $2.04M
NOI $122,185 @ 7.0% cap · market cap 4.10%
Second Best
Industrial
$1.44M
$1.26M – $1.68M
NOI $100,623 @ 7.0% cap · market cap 3.38%
Theoretical Best
Multifamily LT 5
$164.10M
$143.59M – $191.45M
NOI $11,487,080 @ 7.0% cap · market cap 385.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,852
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - A multi-room interior separates office and work areas, with access to a ground-floor loading door.
Where is this warehouse located?
The property is located at 22809 Lockness Avenue Torrance, CA.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: 8,100 SF warehouse on an 18,245 SF lot; LAM2 zoning; Ground‑level loading door
