Mixed-Use Portfolio in Redondo
832 Torrance Boulevard Redondo Beach, CA 90277
832 Torrance Boulevard, Redondo Beach, CA, 90277
$2,095,000
For Sale
$2,095,000
Flexible mixed-use property near Redondo Beach pier with investment potential.
Property Size4,037 SF
Price / SF$518.95
Days on Market413
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 Updated: Mar 16 at 9:09 am Checked: Mar 16 at 9:09 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 YORKSHIRE REALTY
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.
Local Financial Insights For Retail
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 | $136.6k | $33.84 |
| − Vacancy | −$9.0k | −$2.23 |
| EGI | $127.6k | $31.61 |
| − OpEx | −$38.3k | −$9.48 |
| NOI | $89.3k | $22.12 |
4,037 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cat Eye Studios
Film Production
Similar For Sale Nearby
FAQs
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.
