Torrance Two-Story Office
2321 Torrance Blvd Torrance, CA 90501
2321 Torrance Blvd, Torrance, CA, 90501
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For Sale
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Vacant 6,175 SF office building in the heart of Torrance.
Property Size6,175 SF
Price / SF$388.66
Days on Market615
Property Features for 2321 Torrance Blvd
General Information
- Standard status
- Active
- Size
- 6,175 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing Agency
Lyon Stahl Investment Real Estate
(310) 425-9838
Listed by
Ryan Versfelt · License #02212779
Source
Crexi
Added: Nov 12, 2024 Checked: Jul 19 at 5:19 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 Lyon Stahl Investment Real Estate
Investment Insights
Based on property information with market context.
This vacant, two-story office building offers 6,175 square feet of space in Torrance. The property features a versatile layout that includes two large conference rooms, multiple private offices, and collaborative spaces. Floor-to-ceiling glass panels divide the interior spaces, allowing natural light throughout. The building also includes a spacious executive office with an ensuite full bathroom, a kitchenette with a sink, built-in microwave, and lounge area, as well as ample storage. There are five shared restrooms, with two located on the first floor and three on the second floor. The second floor is accessible by both front and rear stairwells, offering potential for subdivision into two separate units. The property provides nine on-site parking spaces, with ample street parking available. It also boasts approximately 45 feet of frontage along Torrance Blvd. The property qualifies for medical use. Exempt under AB2097, it is not subject to typical density and parking requirements. Delivered vacant, this property offers potential for immediate occupancy or leasing.
Key Highlights
- Exempt under AB2097: benefits from relaxed density and parking rules; suitable for medical use.
- Vacant 6,175 sq ft two‑story office building in central Torrance.
- Versatile layout featuring two large conference rooms, multiple private offices, and collaborative spaces.
Local Financial Insights For Office B
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 | $222.3k | $36.00 |
| − Vacancy | −$33.3k | −$5.40 |
| EGI | $189.0k | $30.60 |
| − OpEx | −$47.2k | −$7.65 |
| NOI | $141.7k | $22.95 |
6,175 SF · lease $36.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.02M
$1.77M – $2.36M
NOI $141,716 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$125.10M
$109.46M – $145.95M
NOI $8,757,125 @ 7.0% cap · market cap 364.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
GreenLiving
Roofing Company
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FAQs
What type of property is this?
Office building - Vacant 6,175 SF office building in the heart of Torrance.
Where is this office building 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: Exempt under AB2097: benefits from relaxed density and parking rules; suitable for medical use.; Vacant 6,175 sq ft two‑story office building in central Torrance.; Versatile layout featuring two large conference rooms, multiple private offices, and collaborative spaces.
