Torrance Industrial Warehouse For
For Sale
$3,000,000
2423 Moreton, Torrance, CA 90505
6,000 SF industrial warehouse on a 14,047 SF lot.
Property Size6,000 SF
Lot Size0.32 Acres
Price / SF$500
Days on Market111
Property Features for 2423 Moreton
General Information
Standard status
Active
Size
6,000 SF
Lot size
0.32 Acres
Property subtype
Industrial
Building Details
Year Built
1960
Listing Agency:
Keller Williams Coastal Properties
(562) 375-4592
Listed By:
Richard Rodriguez · License #02060568
(562) 375-4592
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 11 at 11:30AM
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 Keller Williams Coastal Properties
Investment Insights
Based on property information with market context.
This 6,000 SF industrial warehouse is located in Torrance on a 14,047 SF lot. It is suitable for manufacturing, fabrication, distribution, or storage. The building features 400 AMP, 3-phase power, making it suitable for heavy equipment, machinery, and high-demand electrical operations. The generous lot size provides on-site parking, yard space, and access for deliveries and daily operations. The property is located in an industrial corridor with access to major freeways and surrounding South Bay markets. It is ideal for manufacturing and light industrial use, contractor or service-based businesses, equipment storage and distribution, or owner-user investment. The property has a bike score of 60, making it bikeable, a walk score of 83, making it very walkable, and a transit score of 36, indicating some transit options.
Key Highlights
- 6,000 SF industrial warehouse on a 14,047 SF lot in Torrance.
- 400 AMP, 3‑phase power, ideal for heavy equipment and high‑demand electrical operations.
- Excellent on‑site parking and yard space for deliveries and daily operations.
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
$90,507
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
3.02%
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%
$1,810,140
$1.8M
Cap Rate 7%
$1,292,957
$1.3M
Cap Rate 9%
$1,005,633
$1.0M
Market Conditions
NOI Build-Up for 6,000 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
$113.8K $18.96/SF
− Vacancy
−$7.3K −$1.21/SF
EGI
$106.5K $17.75/SF
− OpEx
−$16.0K −$2.66/SF
NOI
$90.5K $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%
$1,810,140
Cap Rate 7%
$1,292,957
Cap Rate 9%
$1,005,633
Alternative Uses
Best Use
Warehouse
$1.29M
$1.13M – $1.51M
NOI $90,507 @ 7.0% cap · market cap 3.02%
Second Best
Industrial
$1.06M
$931.7K – $1.24M
NOI $74,536 @ 7.0% cap · market cap 2.48%
Theoretical Best
Multifamily LT 5
$121.56M
$106.36M – $141.82M
NOI $8,508,948 @ 7.0% cap · market cap 283.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,881
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 6,000 SF industrial warehouse on a 14,047 SF lot.
Where is this warehouse located?
The property is located at 2423 Moreton Torrance, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 6,000 SF industrial warehouse on a 14,047 SF lot in Torrance.; 400 AMP, 3‑phase power, ideal for heavy equipment and high‑demand electrical operations.; Excellent on‑site parking and yard space for deliveries and daily operations.
