Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    605-665 Hawaii Ave Torrance, CA 90503
    Back to Search
    Property profile & analytics

    605-665 Hawaii Ave Torrance, CA 90503

    View on Map
    • Warehouses
    • 35,956 SF
    • 1.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 605-665 Hawaii Ave

    Year built
    1963
    Lot size
    1.50 lot acres
    Property size
    35,956 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    Exceptional investment opportunity: a 35,956 square foot, multi-tenant industrial warehouse in Torrance, CA. This 1.5-acre property, built in 1963 and renovated in 1988, boasts 6 dock-high doors and an 18' ceiling height. Currently 100% leased with below-market rents, offering immediate cash flow and significant upside potential. Fifty percent of the leases roll over within the first six months, presenting an opportunity to increase rents in a strong market with low vacancy rates (below 2.5%). The property is zoned MP - Industrial Park and offers ample parking (2.5 spaces per 1,000 sq ft). The building's excellent condition and flexible space (units ranging from 5,400 to 35,956 sq ft) cater to a variety of industrial tenants. The asking price is $10,250,000, with a current NOI of $560,224.07. This prime South Bay location provides excellent access to major transportation arteries, making it an ideal investment for long-term growth or redevelopment. The property's strong tenant base and favorable market conditions make it a compelling investment opportunity in one of Southern California's most desirable industrial submarkets. APN: 7352-010-003.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.338
    Latitude
    33.8405

    Comparable in this City

    • Value Estimation by Request
      430,837 SF

      19301-19501 Prairie Ave

      Distribution properties • 430,837 SF
      19301-19501 Prairie Ave, Torrance, CA 90503
      View Details
    • Value Estimation
      $2,340,000
      15,251 SF

      445 Maple Ave

      WAREHOUSE, STORAGE • 15,251 SF
      445 Maple Ave, Torrance, CA 90503-3807
      View Details
    • Value Estimation
      $13,950,000
      91,691 SF

      19500 Mariner Ave

      WAREHOUSE, STORAGE • 91,691 SF
      19500 Mariner Ave, Torrance, CA 90503-1644
      View Details
    • Value Estimation
      $23,060,000
      106,562 SF

      19301 Pr Ave

      WAREHOUSE, STORAGE • 106,562 SF
      19301 Pr Ave, Torrance, CA 90503-1681
      View Details
    • Value Estimation
      $4,780,000
      30,936 SF

      3501 Challenger St

      WAREHOUSE, STORAGE • 30,936 SF
      3501 Challenger St, Torrance, CA 90503-1641
      View Details
    • Value Estimation
      $5,325,000
      35,076 SF

      3521 Challenger St

      WAREHOUSE, STORAGE • 35,076 SF
      3521 Challenger St, Torrance, CA 90503-1641
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      46,097 SF

      Torrance Warehouse with Large Yard

      Warehouse property in Torrance featuring heavy power and dock access.
      2715-2725 Columbia St, 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
    • $325,000

      Turnkey Trucking Operation in Torrance

      Established trucking operation with solid income, serving 48 states.
      3655 Torrance Blvd, Torrance, CA 90503
      View Details
    • $1,378,000
      3,760 SF

      Torrance Retail Asset with Upside

      Retail asset with owner/user flexibility and value-add investment potential.
      1635 W Carson St, Torrance, CA 90503
      View Details
    • Contact for pricing

      Torrance Two-Story Building For Sale

      Well-maintained building with preschool and office space in Torrance.
      19801 Mariner Ave, Torrance, CA 90503
      View Details
    • $720,000

      Torrance Medical Office with Income

      Medical office in Torrance with two units and income.
      4305 Torrance Blvd, Torrance, CA 90503
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,311 SF

      Torrance Warehouse with Dock Loading

      Refurbished warehouse in North Torrance with dock high loading.
      436-438 Alaska Ave, Torrance, CA 90503
      View Details
    • Contact for pricing
      2,200 SF

      Torrance Warehouse Space Available

      Warehouse space available for sublease in Torrance through 08/31/2026.
      2909 Oregon Ct, Torrance, CA 90503
      View Details
    • Contact for pricing
      24,755 SF

      Torrance Warehouse Sublease Opportunity

      Available warehouse sublease in Torrance through March 2026.
      2610-2660 Columbia St, Torrance, CA 90503
      View Details
    • Contact for pricing

      Torrance Freestanding Building For Lease

      Freestanding building with office and warehouse space available for lease.
      2816 Columbia St, Torrance, CA 90503
      View Details
    • Contact for pricing
      28,440 SF

      Torrance Warehouse with Office Space

      Refurbished warehouse with office, loading docks, and fenced yard.
      2945 Columbia St, Torrance, CA 90503
      View Details
    • Contact for pricing

      Del Amo

      Discover many ways to work your way in Del Amo
      21515 Hawthorne 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.
    605-665 Hawaii Ave
    Torrance, CA 90503
    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

    Thank You for Inquiry
    605-665 Hawaii Ave, Torrance, CA, 90503
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!