Creative Commercial Investment
24234-24248 Crenshaw Blvd Torrance, CA
24234-24248 Crenshaw Blvd, Torrance, CA, 00000
Contact for pricing
For Sale
Contact for pricing
Creative commercial space available for investment in Torrance, California.
Property Size10,911 SF
Lot Size0.40 Acres
Price / SF$348.27
Days on Market325
Property Features for 24234-24248 Crenshaw Blvd
General Information
- Standard status
- Active
- Size
- 10,911 SF
- Lot size
- 0.40 Acres
- Property subtype
- OFFICE
Listing Agency
Lee & Associates Los Angeles – Long Beach Inc.
(562) 895-0317
Listed by
Noël Aguirre · License #01745123
(562) 895-0317
Source
Moodyscre
Added: Aug 27, 2025 Checked: Jul 16 at 5:34 am
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 Lee & Associates Los Angeles – Long Beach Inc.
Investment Insights
Based on property information with market context.
This commercial property, located at 24234-24248 Crenshaw Blvd in Torrance, California, presents a creative commercial real estate investment opportunity. The property offers 10,911 square feet of space.
Key Highlights
- Rare creative commercial real estate investment opportunity.
- Additional property details available in the original listing.
- Factual aspects can be found in the original listing.
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 | $392.8k | $36.00 |
| − Vacancy | −$58.9k | −$5.40 |
| EGI | $333.9k | $30.60 |
| − OpEx | −$83.5k | −$7.65 |
| NOI | $250.4k | $22.95 |
10,911 SF · lease $36.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.58M
$3.13M – $4.17M
NOI $250,407 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$221.05M
$193.42M – $257.89M
NOI $15,473,522 @ 7.0% cap · market cap 407.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Creative space
Similar For Sale Nearby
FAQs
What type of property is this?
Creative space - Creative commercial space available for investment in Torrance, California.
Where is this creative space located?
The property is located at 24234-24248 Crenshaw Blvd Torrance, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Rare creative commercial real estate investment opportunity.; Additional property details available in the original listing.; Factual aspects can be found in the original listing.
