Mixed-Use Portfolio in Redondo
For Sale
$2,095,000
832 Torrance Boulevard, Redondo Beach, CA 90277
Flexible mixed-use property near Redondo Beach pier with investment potential.
Property Size4,037 SF
Price / SF$518.95
Days on Market503
Property Features for 832 Torrance Boulevard
General Information
Standard status
Active
Size
4,037 SF
Building Details
Year Built
1935
Listing Agency:
YORKSHIRE REALTY
Listed By:
CHRIS BARKER
Source:
Corcoran
Added: Jun 4, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 YORKSHIRE REALTY
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Investment Insights
Based on property information with market context.
This mixed-use portfolio features two contiguous parcels totaling 7,429 square feet on a corner lot in South Redondo Beach. The location is near the Redondo Beach pier and esplanade, with walkable access to retail, dining, and entertainment. One building at 824-830 Torrance Blvd is a two-story mixed-use building containing two commercial units on the first level and two residential units on the second level. The other building at 832 Torrance Blvd is a standalone commercial flex structure suitable for a media studio, creative office, fitness studio, retail, or automotive use. The property is suitable for investors seeking a 5.7% CAP rate, owner-users desiring a live/work setup, or developers considering future repositioning under C2 zoning. Three of the units are leased to long-term tenants on flexible, market-rate leases. The property contains 4,037 square feet.
Key Highlights
- Prime corner location in South Redondo Beach, blocks from the pier and esplanade.
- Flexible, mixed‑use portfolio with two contiguous parcels totaling 7,429 sq ft.
- Ideal for investors with a 5.7% CAP rate from day one.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,317
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,786,340
$1.8M
Cap Rate 7%
$1,275,957
$1.3M
Cap Rate 9%
$992,411
$992.4K
Market Conditions
NOI Build-Up for 4,037 SF
Gross rent
$136.6K $33.84/SF
− Vacancy
−$9.0K −$2.23/SF
EGI
$127.6K $31.61/SF
− OpEx
−$38.3K −$9.48/SF
NOI
$89.3K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,786,340
Cap Rate 7%
$1,275,957
Cap Rate 9%
$992,411
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.49M
NOI $89,317 @ 7.0% cap · market cap 4.26%
Second Best
Office B
$1.26M
$1.10M – $1.47M
NOI $88,246 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,298 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,684
Businesses Nearby
Explore this area
Business Placement
Demographics for 90277, CA
37,856
Population
18,229
Households
2.1
Avg Household Size
45
Median Age
70%
College-Educated
98%
High-School Grad
3.6 sq mi
ZIP Area
10,516
Density / Sq Mi
$131,985
Median Household Income
$87,191
Median Earnings
$2,621
Median Rent
$1,403,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible mixed-use property near Redondo Beach pier with investment potential.
Where is this mixed-use property located?
The property is located at 832 Torrance Boulevard Redondo Beach, CA.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: Prime corner location in South Redondo Beach, blocks from the pier and esplanade.; Flexible, mixed‑use portfolio with two contiguous parcels totaling 7,429 sq ft.; Ideal for investors with a 5.7% CAP rate from day one.
