Well-Maintained Office Building For
23150 Crenshaw Blvd, Torrance, CA 90505
For Sale
$2,200,000
Pending
Two-story office building on high-traffic Crenshaw Boulevard.
Property Size5,583 SF
Lot Size0.21 Acres
Days on Market243
Property Features for 23150 Crenshaw Blvd
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
NAI Capital
Listed By:
Sheri Messerlian · License #00450571
(310) 532-9080
Source:
Elliman
Added: Mar 11
Changed: Aug 13
Last Checked: Aug 13 at 12:44PM
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 NAI Capital
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office building is located on a corner lot along Crenshaw Boulevard, a high-traffic thoroughfare connecting Palos Verdes Peninsula with the 405 Freeway. The building has been very well maintained, and the interior has been recently remodeled. Each floor provides approximately 2,791 square feet of space. The layout includes window peripheral offices, a conference room, a kitchen, two restrooms, and a central bullpen area. Parking is located in the rear of the property. The property is suitable for office use.
Key Highlights
- High‑traffic location on Crenshaw Boulevard connecting Palos Verdes Peninsula and the 405 Freeway.
- Recently remodeled interior.
- Well‑maintained two‑story office building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,053
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,060
$1.3M
Cap Rate 7%
$915,043
$915.0K
Cap Rate 9%
$711,700
$711.7K
Market Conditions
NOI Build-Up for 2,791 SF
Gross rent
$100.5K $36.00/SF
− Vacancy
−$15.1K −$5.40/SF
EGI
$85.4K $30.60/SF
− OpEx
−$21.4K −$7.65/SF
NOI
$64.1K $22.95/SF
Area
Torrance, CA
Vacancy
15.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,281,060
Cap Rate 7%
$915,043
Cap Rate 9%
$711,700
Alternative Uses
Best Use
Office B
$915.0K
$800.7K – $1.07M
NOI $64,053 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$56.54M
$49.48M – $65.97M
NOI $3,958,079 @ 7.0% cap · market cap 179.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,798
Businesses Nearby
Explore this area
Business Placement
Demographics for 90505, CA
36,643
Population
15,202
Households
2.4
Avg Household Size
45
Median Age
59%
College-Educated
97%
High-School Grad
5.9 sq mi
ZIP Area
6,211
Density / Sq Mi
$110,690
Median Household Income
$70,100
Median Earnings
$2,338
Median Rent
$1,144,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Los Angeles County, CA
Properties on Market for Office buildings in Los Angeles County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building on high-traffic Crenshaw Boulevard.
Where is this office building located?
The property is located at 23150 Crenshaw Blvd Torrance, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: High‑traffic location on Crenshaw Boulevard connecting Palos Verdes Peninsula and the 405 Freeway.; Recently remodeled interior.; Well‑maintained two‑story office building.
