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    Torrance Commercial Units For Lease Title is generated by Realmo AI

    2424 Torrance Boulevard, Torrance, CA 90501

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    New
    For Lease
    $1,600/Mo $14 SF/Yr (calc)

    Commercial Lease - Torrance, CA

    Property size:
    1,300 SF
    Added:
    May 9, 2026
    Days on Market:
    2
    Last Refresh:
    May 10 at 11:06 am

    Property Features for 2424 Torrance Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    7355002002
    Size
    1,300 SF

    Utilities

    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1956
    Architectural style
    Other

    We can help!

    Listing Contact
    Romy Timm

    Listing agent Romy Timm License #01315158

    Listing office The Realestate Group 3400 Torrance Blvd. #104, Torrance, CA

    Listing date May 9, 2026

    MLS# SB26101387 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two adjacent units (A & C) offer flexible space options, totaling 1230 sq ft.
    • Unit C features updated multi‑use office space with 3 separate rooms suitable for various purposes (conference, patient, podcast, lab).
    • Each unit has its own private bathroom.
    • Unit C has plumbing hookup for an additional sink or kitchenette.
    • Two separate HVAC units serve the space.
    • Six private parking spaces are available in the back of the building.

    Overview

    Two adjacent commercial units are available for lease. Unit C offers approximately 680 square feet of updated, multi-use office space with a front entry. This unit features three separate rooms previously utilized as conference rooms, patient rooms, podcast rooms, and a laboratory. It also includes a plumbing hook-up for an additional sink or kitchenette. The rent for Unit C is $1600 per month. Unit A provides approximately 550 square feet of space and is available for $1300 per month. It is adjacent to Unit C and includes a sink and countertop area, with the option to rent the small, adjacent Unit G as a private office. The previous tenant, a laboratory, occupied the entire space. The property is supplied by two separate HVAC units. Each unit includes a private bathroom. The building is quiet and offers six private parking spaces in the back. The tenant is responsible for their percentage of utilities, including a $25 trash fee. The property is located in Torrance, California.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr Christine Blake Physician Moonlight Esthie Hair Salon Butterfly Freedom Style ... (Bike/Boat/Book/etc) Store Westnet Enterprises Inc Security Service Dabbo Skin Care ... Medical Clinic

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.3270912
    Latitude
    33.8361391

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    FAQs

    What type of property is this?
    Office units - Two adjacent commercial units available for lease in Torrance.
    Where is this office units located?
    The property is located at 2424 Torrance Boulevard Torrance, CA.
    What is the lease rate?
    The lease rate is $1,600 /Mo.
    What are key features of this property?
    This property features: Two adjacent units (A & C) offer flexible space options, totaling 1230 sq ft.; Unit C features updated multi‑use office space with 3 separate rooms suitable for various purposes (conference, patient, podcast, lab).; Each unit has its own private bathroom.
    (310) 367-6606
    We can help!
    Listing Contact
    Romy Timm
    Real Estate License ID: 01315158
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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