23150 Crenshaw Boulevard, Torrance, CA 90505
Well-maintained two-story office with remodeled interiors, perimeter offices, and rear parking near a major thoroughfare.
- Added:
- Aug 31, 2025
- Days on Market:
- 311
- Last Refresh:
- Jun 27 at 6:02 am
Property Features for 23150 Crenshaw Boulevard
General Information
- Standard status
- Active
- Size
- 5,582 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1974
Listing office NAI Capital (310) 375-8898
Listing date Aug 31, 2025
Source Exitrealty
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
HighLights
- Two‑story office building built in 1974 on a corner with high‑traffic frontage on Crenshaw Boulevard
- Recently remodeled interiors with window‑peripheral offices on each floor
- Approx. 2,791 SF per floor with conference room, kitchen, two restrooms, and central bull pen area
- Rear parking available
Overview
The building sits on high-traffic Crenshaw Boulevard, a connector between the Palos Verdes Peninsula and the 405 Freeway. Parking is located at the rear of the property, supporting day-to-day employee and visitor access.
For tenants, the floor plan supports both private office use and collaborative work, with perimeter workstations, a dedicated conference room, and centrally located bullpen space. For buyers, the building offers a straightforward two-floor office configuration with restrooms and kitchen facilities on each level and convenient rear parking for operations.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $201.0k | $36.00 |
| − Vacancy | −$30.1k | −$5.40 |
| EGI | $170.8k | $30.60 |
| − OpEx | −$42.7k | −$7.65 |
| NOI | $128.1k | $22.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Torrance
- County
- Los Angeles
- State
- California
- Longitude
- -118.3276904
- Latitude
- 33.8151279
