Industrial Warehouse with Loading
For Sale
$1,299,999
Pending
23120 Mariposa Ave, Torrance, CA 90502
General manufacturing zoning, office space, HVAC, and secured on-site parking support flexible industrial use.
Property Size3,450 SF
Lot Size0.14 Acres
Days on Market197
Property Features for 23120 Mariposa Ave
General Information
Standard status
Pending
Size
3,450 SF
Lot size
0.14 Acres
Property subtype
Commercial/Industrial
Zoning
General Manufacturing
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Mezzanine
1,400 SF
Drive-In Doors
1
Conditioned Warehouse
Yes
Building Details
Year Built
1982
Building Size
3,450 SF
Listing Agency:
Volant Realty Partners Inc
(562) 774-3007
Listed By:
Vinson Le · License #01995451
(562) 774-3007
Source:
Exitrealty
Added: Feb 16
Changed: Aug 31
Last Checked: Aug 31 at 1:02PM
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 Volant Realty Partners Inc
Investment Insights
Based on property information with market context.
This warehouse property includes approximately 3,450 sq. ft. of building space plus a bonus loft mezzanine of approximately 1,400 sq. ft. Improvements include a new roof, new flooring, two remodeled bathrooms, office space, HVAC in the warehouse, and ample power. A ground-level loading door measuring 12' x 14' provides access for material handling, while the fenced and secured parking lot supports on-site storage and operations.
The property sits in unincorporated Los Angeles County and carries zoning for general manufacturing. Its location offers proximity to the 110, 405, and 91 highways. The stated use options include car or boat storage, contractor’s warehouse, business storage, and manufacturing. The building was constructed in 1982 and occupies a 6,200 sq. ft. parcel.
The property sits in unincorporated Los Angeles County and carries zoning for general manufacturing. Its location offers proximity to the 110, 405, and 91 highways. The stated use options include car or boat storage, contractor’s warehouse, business storage, and manufacturing. The building was constructed in 1982 and occupies a 6,200 sq. ft. parcel.
Key Highlights
- Approximately 3,450 sq. ft. of building space plus approximately 1,400 sq. ft. bonus loft mezzanine
- 6,200 sq. ft. parcel with fenced and secured parking lot
- Ground‑level loading door measuring 12' x 14'
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
$52,042
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
4.00%
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%
$1,040,840
$1.0M
Cap Rate 7%
$743,457
$743.5K
Cap Rate 9%
$578,244
$578.2K
Market Conditions
NOI Build-Up for 3,450 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
$65.4K $18.96/SF
− Vacancy
−$4.2K −$1.21/SF
EGI
$61.2K $17.75/SF
− OpEx
−$9.2K −$2.66/SF
NOI
$52.0K $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 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%
$1,040,840
Cap Rate 7%
$743,457
Cap Rate 9%
$578,244
Alternative Uses
Best Use
Warehouse
$743.5K
$650.5K – $867.4K
NOI $52,042 @ 7.0% cap · market cap 4.00%
Second Best
Industrial
$612.3K
$535.7K – $714.3K
NOI $42,858 @ 7.0% cap · market cap 3.30%
Theoretical Best
Multifamily LT 5
$69.89M
$61.16M – $81.54M
NOI $4,892,645 @ 7.0% cap · market cap 376.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,775
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90502, CA
18,977
Population
6,899
Households
2.8
Avg Household Size
44
Median Age
37%
College-Educated
86%
High-School Grad
2.2 sq mi
ZIP Area
8,626
Density / Sq Mi
$98,867
Median Household Income
$46,382
Median Earnings
$1,903
Median Rent
$655,200
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - General manufacturing zoning, office space, HVAC, and secured on-site parking support flexible industrial use.
Where is this warehouse located?
The property is located at 23120 Mariposa Ave Torrance, CA.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: Approximately 3,450 sq. ft. of building space plus approximately 1,400 sq. ft. bonus loft mezzanine; 6,200 sq. ft. parcel with fenced and secured parking lot; Ground‑level loading door measuring 12' x 14'
