Corner Medical Office
New
For Sale
$375,000
4305 Torrance Blvd, Torrance, CA 90503
Vacant possession includes three patient rooms, a workroom with sink, and secured ground-level parking.
Property Size691 SF
Price / SF$542.69
Days on Market3
Property Features for 4305 Torrance Blvd
General Information
Standard status
Active
Size
691 SF
Total Parking Spaces
160
Property subtype
Office Medical
Additional Details
Road Access
Yes
Amenities
professional lobby
Torrance Medical-Dental Condominium
Corner Unit Delivered Vacant
Three Patient Rooms + Functional Medical Office Layout
Adjacent to Providence Little Company of Mary - 2.5 Miles from Torrance Memorial
Building Details
Building Size
691 SF
Year Built
1964
Buildings
1
Tenancy
Multi
Listing Agency:
Marcus & Millichap - South Bay
(424) 405-1282
Listed By:
Eric Reinke · License #License(s): CA: 02022294
(424) 405-1282
Source:
Marcusmillichap
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 2:26AM
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 Marcus & Millichap - South Bay
Investment Insights
Based on property information with market context.
This 691-square-foot medical office condominium is a corner unit with three patient rooms, a reception area, waiting room, and storage/workroom equipped with a sink. The suite will be delivered vacant. Built in 1964, the condominium building is restricted to medical and dental-related professions and includes physicians, dentists, and other healthcare providers among its occupants. The association maintains the common areas and building systems.
The property is adjacent to Providence Little Company of Mary Medical Center and approximately 2.5 miles from Torrance Memorial Medical Center. Located on Torrance Boulevard west of Hawthorne Boulevard, the surrounding area includes medical office buildings, established healthcare providers, residential neighborhoods, and South Bay beach communities. Secured ground-level parking provides approximately 160 spaces, while the building’s common areas feature a professional lobby with marble walls and tile flooring.
The property is adjacent to Providence Little Company of Mary Medical Center and approximately 2.5 miles from Torrance Memorial Medical Center. Located on Torrance Boulevard west of Hawthorne Boulevard, the surrounding area includes medical office buildings, established healthcare providers, residential neighborhoods, and South Bay beach communities. Secured ground-level parking provides approximately 160 spaces, while the building’s common areas feature a professional lobby with marble walls and tile flooring.
Key Highlights
- 691‑square‑foot corner medical office condominium
- Three patient rooms plus reception, waiting, and storage/workroom areas
- Storage/workroom includes a sink
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
$15,858
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
4.23%
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%
$317,160
$317.2K
Cap Rate 7%
$226,543
$226.5K
Cap Rate 9%
$176,200
$176.2K
Market Conditions
NOI Build-Up for 691 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
$24.9K $36.00/SF
− Vacancy
−$3.7K −$5.40/SF
EGI
$21.1K $30.60/SF
− OpEx
−$5.3K −$7.65/SF
NOI
$15.9K $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%
$317,160
Cap Rate 7%
$226,543
Cap Rate 9%
$176,200
Alternative Uses
Best Use
Office B
$226.5K
$198.2K – $264.3K
NOI $15,858 @ 7.0% cap · market cap 4.23%
Second Best
Healthcare Medical
$132.2K
$115.7K – $154.2K
NOI $9,254 @ 7.0% cap · market cap 2.47%
Theoretical Best
Multifamily LT 5
$14.00M
$12.25M – $16.33M
NOI $979,947 @ 7.0% cap · market cap 261.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,756
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90503, CA
45,386
Population
18,189
Households
2.5
Avg Household Size
42
Median Age
55%
College-Educated
96%
High-School Grad
5.3 sq mi
ZIP Area
8,563
Density / Sq Mi
$119,685
Median Household Income
$71,848
Median Earnings
$2,249
Median Rent
$1,058,100
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?
Medical Office Space - Vacant possession includes three patient rooms, a workroom with sink, and secured ground-level parking.
Where is this medical office space located?
The property is located at 4305 Torrance Blvd Torrance, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 691‑square‑foot corner medical office condominium; Three patient rooms plus reception, waiting, and storage/workroom areas; Storage/workroom includes a sink
