Redondo Beach Retail
For Sale
$2,000,000
910 Torrance Blvd., Redondo Beach, CA 90277
High occupancy retail property with value-add potential in Redondo Beach.
Property Size3,397 SF
Days on Market213
Property Features for 910 Torrance Blvd.
General Information
Standard status
Active
Size
3,397 SF
Class
B
Property subtype
Retail
Building Details
Building Size
3,397 SF
Year Built
1940
Listing Agency:
Retail Property Advisors
Listed By:
Brendan McArthur · License #CalDRE #1185335
(626) 298-3258
Source:
Retail-pa
Added: Apr 1
Changed: Oct 25
Last Checked: Oct 28 at 5:00AM
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 Retail Property Advisors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This high-occupancy retail property presents a value-add opportunity with short-term leases. Situated at the southwest corner of Torrance Boulevard and Prospect Avenue, the location benefits from high visibility at a signalized intersection. The property is located less than a mile from the Pacific Ocean in the affluent South Redondo Beach residential area. Its location is approximately 10 minutes from the 405 Freeway and offers convenient access to nearby affluent cities, including Manhattan Beach, Hermosa Beach, and Torrance. Additionally, the property is less than 10 miles from Los Angeles International Airport.
Key Highlights
- Opportunity for value add due to short term leases.
- High occupancy property.
- Great visibility at the SWC corner of Torrance Blvd. and Prospect Ave. at a signalized intersection.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,157
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,503,140
$1.5M
Cap Rate 7%
$1,073,671
$1.1M
Cap Rate 9%
$835,078
$835.1K
Market Conditions
NOI Build-Up for 3,397 SF
Gross rent
$115.0K $33.84/SF
− Vacancy
−$7.6K −$2.23/SF
EGI
$107.4K $31.61/SF
− OpEx
−$32.2K −$9.48/SF
NOI
$75.2K $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%
$1,503,140
Cap Rate 7%
$1,073,671
Cap Rate 9%
$835,078
Alternative Uses
Best Use
Retail
$1.07M
$939.5K – $1.25M
NOI $75,157 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,312 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,684
Businesses Nearby
47k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 31%
Hotels & Casinos 1%
Wendy's
Dining
14,351 visits/mo
0.5 miles
76
Shops & Services
11,222 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,338 visits/mo
0.1 miles
Chase Bank
Shops & Services
5,678 visits/mo
0.4 miles
7-Eleven
Shops & Services
5,257 visits/mo
0.5 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - High occupancy retail property with value-add potential in Redondo Beach.
Where is this retail space located?
The property is located at 910 Torrance Blvd. Redondo Beach, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Opportunity for value add due to short term leases.; High occupancy property.; Great visibility at the SWC corner of Torrance Blvd. and Prospect Ave. at a signalized intersection.**
