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    2321 Torrance Blvd Torrance, CA 90501

    Sponsored
    For Sale
    $2,400,000

    Vacant Office, High Cap Rate, Torrance

    Property size:
    6,175 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,175 square-foot, two-story office building in Torrance, CA, presents a compelling opportunity for owner-users and investors. Located at 2321 Torrance Blvd., this vacant property boasts a versatile layout, including two large conference rooms, multiple private offices, and collaborative workspaces. Floor-to-ceiling glass panels maximize natural light. A spacious executive suite features an ensuite bathroom, while a kitchenette with microwave and lounge area adds convenience. Five shared restrooms are strategically located (two on the first floor, three on the second). The second floor, accessible via front and rear stairwells, offers potential for subdivision into two separate units. Nine on-site parking spaces supplement ample street parking. The building, constructed in 1985 and renovated in 2004, sits on a 6,301 square-foot lot and offers approximately 45 feet of frontage on Torrance Blvd. The property's Class C designation, 5.62% cap rate, and $388.66 price per square foot, along with a Net Operating Income (NOI) of $134,811, make it a highly attractive investment. The permitted zoning is TOCC-GEN. The building features high ceilings and exposed ducting, creating a modern aesthetic. Immediate occupancy or leasing is possible.

    Property Features for 2321 Torrance Blvd

    General Information

    Property type
    Office space
    Square Feet
    6,175 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1985/2004
    Buildings
    1
    Stories
    2

    HighLights

    • 6,175 SF two‑story office building in Torrance, CA, offering a versatile layout with multiple private offices, conference rooms, and collaborative workspaces.
    • Two first‑floor and three second‑floor restrooms.
    • Second floor easily subdividable into two units via front and rear stairwells.
    • Kitchenette with microwave and lounge area.
    • Nine on‑site parking spaces plus ample street parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    GreenLiving Roofing Contractor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.32455615763
    Latitude
    33.836447380966

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    FAQs

    What type of property is this?
    Office space - Vacant Office, High Cap Rate, Torrance
    Where is this office space located?
    The property is located at 2321 Torrance Blvd Torrance, CA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 6,175 SF two-story office building in Torrance, CA, offering a versatile layout with multiple private offices, conference rooms, and collaborative workspaces.; Two first-floor and three second-floor restrooms.; Second floor easily subdividable into two units via front and rear stairwells.
    Request Owner's contact information
    2321 Torrance Blvd Torrance, CA 90501
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    Torrance, CA 90501
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    Realmo Value Estimation

    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.

    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.

    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
    2321 Torrance Blvd Torrance, CA 90501
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