Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2515 Carson St Torrance, CA 90503-6100

    • Retail space
    • 6,644 SF
    • 0.49 lot acres
    OFF-MARKET
    Last Sale
    Dec 30, 2024
    $2,250,000
    Value Estimations
    $2,250,000
    Show details
    Cap Rate Potential
    7.5%
    Retail space
    Location Intelligence
    Property ID
    US09-6950734
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Torrance Plaza / Shopping Mall
    • Restaurant Komatsu / Restaurant / Japanese Restaurant
    • International Liquor Store and Market / Lottery Retailer / Market
    • Petra Tobacco / Tobacco Shop
    • Smoke shop / Tobacco Shop

    Property Details for 2515 Carson St

    Year built
    1992
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Property size
    6,644 SF
    Zone code
    TOCC-GEN
    Property type
    Retail space
    APN
    7362-033-056
    APU
    7362033056

    Description

    Torrance Plaza, a single-story, 6,644 square foot shopping center and storefront property located at 2515 W Carson St, Torrance, CA 90503 (APN 7362-033-056), presents a compelling investment opportunity. This fee simple, stabilized investment boasts a 100% occupancy rate with a diverse mix of six tenants, including food, liquor, spa, and fitness businesses, all operating under NNN leases. The property generates a strong net operating income (NOI) of $170,459, with a pro-forma NOI of $175,017, resulting in a current cap rate of 5.41% and a pro-forma cap rate of 5.56%. Built in 1992 on a 0.49-acre lot, the center offers ample parking with 35 spaces, exceeding a 5:1 parking ratio. Its prime location at a high-traffic intersection (over 38,000 cars daily) ensures high visibility and accessibility. The property benefits from a strong demographic base, with over 214,000 residents within a 3-mile radius. This multi-tenant retail center offers significant upside potential due to its desirable location and current lease structures. The asking price is $3,150,000, translating to a price per square foot of $474.11. This is a rare opportunity to acquire a highly desirable, fully leased retail center in a sought-after South Bay location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,250,000
      ML approach
      $2,250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,800,000
      6.5%
      $2,585,000
      7%
      $2,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,879,000
      Market price range: $1.40M - $3.24M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.329
    Latitude
    33.8316
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,528
    $938,798
    $667,414
    $1,606,212
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $380,000
      14,788 SF

      21785 Hawthorne Blvd

      RETAIL STORES (PERSONAL SERVICES) • 14,788 SF
      21785 Hawthorne Blvd, Torrance, CA 90503-7001
      View Details
    • Value Estimation
      $465,000
      17,360 SF

      3535 Torrance Blvd

      RETAIL STORES (PERSONAL SERVICES) • 17,360 SF
      3535 Torrance Blvd, Torrance, CA 90503-4815
      View Details
    • Value Estimation
      $1,845,000
      5,965 SF

      20912 Hawthorne Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,965 SF
      20912 Hawthorne Blvd, Torrance, CA 90503-4612
      View Details
    • Value Estimation by Request
      5,532 SF

      20916-20926 Hawthorne Blvd

      Lifestyle centers • 5,532 SF
      20916-20926 Hawthorne Blvd, Torrance, CA 90503
      View Details
    • Value Estimation
      $370,000
      2,479 SF

      21186 Hawthorne Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,479 SF
      21186 Hawthorne Blvd, Torrance, CA 90503-4616
      View Details
    • Value Estimation
      $355,000
      8,728 SF

      21164 Hawthorne Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,728 SF
      21164 Hawthorne Blvd, Torrance, CA 90503-4616
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,800 SF

      Torrance Retail Space - PCH Frontage

      High-visibility retail space, prime Torrance location.
      3801, Torrance, CA 90503
      View Details
    • $649,000

      Torrance Apartment with Pool View

      Stylish Torrance apartment with remodeled kitchen, balcony, and pool view.
      3030 Merrill Dr, Torrance, CA 90503
      View Details
    • $169,500

      Torrance Specialty Property For Sale

      Specialty property available for purchase in Torrance, California.
      20515 Palm Way, Torrance, CA 90503
      View Details
    • $465,000
      818 SF

      Torrance Medical Office Condo

      Turnkey Medical Office, Prime Location
      4305 Torrance Blvd, Torrance, CA 90503
      View Details
    • Contact for pricing
      6,640 SF

      Freestanding Warehouse Building For Sale

      Freestanding warehouse with 24' clear height and solar panels.
      2862 Columbia St, Torrance, CA 90503
      View Details
    • $749,000
      1,336 SF

      Updated Townhome-Style Condo in Torrance

      Updated 2-bedroom, 2.5-bath condo in West Torrance with modern amenities.
      3520 Maricopa St, Torrance, CA 90503
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      8,300 SF

      Torrance Blvd Retail Spaces Available

      Prime Torrance location, multiple spaces, ample parking.
      4625-4705 Torrance Blvd, Torrance, CA 90503
      View Details
    • $2 SF/Yr
      3,980 SF

      Torrance Retail Space on Hawthorne

      Retail space in active Torrance shopping center with high visibility.
      20912-20914 Hawthorne Blvd, Torrance, CA 90503
      View Details
    • Contact for pricing
      86,444 SF

      Torrance Retail Space For Lease

      Prime retail space in a high-traffic Torrance location.
      1141-1259 W Carson St, Torrance, CA 90503
      View Details
    • Contact for pricing

      Del Amo Fashion Center Outparcel

      Prime retail space within the Del Amo Fashion Center.
      Torrance, CA 90503
      View Details
    • $2 SF/Yr
      8,500 SF

      Torrance Retail, Medical, Office Space

      Retail, medical, or office space available for lease.
      20821 Hawthorne Blvd, Torrance, CA 90503
      View Details
    • $2 SF/Yr
      11 SF

      Sepulveda Blvd Retail/Office/Medical Space

      Retail, office, and medical space with high traffic and parking.
      2814-2828 Sepulveda Blvd, Torrance, CA 90503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2515 Carson St
    Torrance, CA 90503-6100
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.