Professional Office Building
For Sale
$1,995,000
24444 Hawthorne, Torrance, CA 90505
Approximately 2,855 SF office building suite with seven private offices, private elevator service, and built-in kitchenette.
Property Size2,855 SF
Price / SF$698.77
Days on Market33
Property Features for 24444 Hawthorne
General Information
Standard status
Active
Size
2,855 SF
Property subtype
Office
Amenities
private offices
restrooms
built-in kitchenette
LED lighting
private elevator
Central Air, Electric, Heat Pump, A/C - Zone
Flat
7 Parking Spaces. Carport.
Security Lighting.
Building Details
Year Built
2017
Listing Agency:
Century 21 Coastal Properties
(310) 371-6330
Listed By:
Laura Drehs · License #02043993
Source:
Xome
Added: Jul 11
Changed: Aug 8
Last Checked: Aug 12 at 3:14AM
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 Century 21 Coastal Properties
Investment Insights
Based on property information with market context.
This approximately 2,855 SF office building suite is designed with a standalone office feel and identity, supported by a professionally managed HOA. The interior layout includes seven private offices, two restrooms, and a built-in kitchenette, with LED lighting throughout. A private elevator serves the entire office, supporting convenient access within the building.
The property is offered for sale and is positioned within the HOA-managed building environment at 24444 Hawthorne Unit 109 in Torrance, CA 90505.
The configuration emphasizes a mix of private office space and collaborative areas, making it well suited for office and professional use.
The property is offered for sale and is positioned within the HOA-managed building environment at 24444 Hawthorne Unit 109 in Torrance, CA 90505.
The configuration emphasizes a mix of private office space and collaborative areas, making it well suited for office and professional use.
Key Highlights
- Approximately 2,855 SF office building with seven private offices and built‑in kitchenette
- Private elevator serves the entire office
- 2 restrooms, LED lighting, and an efficient floor plan with private offices plus collaborative space
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
$65,522
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
3.28%
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%
$1,310,440
$1.3M
Cap Rate 7%
$936,029
$936.0K
Cap Rate 9%
$728,022
$728.0K
Market Conditions
NOI Build-Up for 2,855 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
$102.8K $36.00/SF
− Vacancy
−$15.4K −$5.40/SF
EGI
$87.4K $30.60/SF
− OpEx
−$21.8K −$7.65/SF
NOI
$65.5K $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 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%
$1,310,440
Cap Rate 7%
$936,029
Cap Rate 9%
$728,022
Alternative Uses
Best Use
Office B
$936.0K
$819.0K – $1.09M
NOI $65,522 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$57.84M
$50.61M – $67.48M
NOI $4,048,841 @ 7.0% cap · market cap 202.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,039
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Approximately 2,855 SF office building suite with seven private offices, private elevator service, and built-in kitchenette.
Where is this office building located?
The property is located at 24444 Hawthorne Torrance, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Approximately 2,855 SF office building with seven private offices and built‑in kitchenette; Private elevator serves the entire office; 2 restrooms, LED lighting, and an efficient floor plan with private offices plus collaborative space
