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    1009 Torrance Blvd Redondo Beach, CA 90277-3535
    Property profile & analytics

    1009 Torrance Blvd Redondo Beach, CA 90277-3535

    View on Map
    • Office buildings
    • 3,728 SF
    • 0.26 lot acres
    Off-Market
    Property ID
    US10-0381033
    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.
    Value Estimations
    $680,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shorewood Realtors - Madhav Sawhney / Real Estate Agency

    Property Details for 1009 Torrance Blvd

    Year built
    1973
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Property size
    3,728 SF
    Zone code
    RBC-2
    Property type
    Office buildings
    APN
    7518-007-022
    APU
    7518007022

    Description

    This exceptional office space, located at 1009 Torrance Blvd in Redondo Beach, California (90277), offers immediate occupancy in a desirable Beach Cities/Palos Verdes location. The property, a two-story Class B building constructed in 1973 and renovated in 2022, boasts a total of 3,728 square feet, with 1,811 square feet currently available for lease. This contiguous space is situated on the second floor and features a separate entrance, multiple points of entry from both the front and rear of the building, and a private balcony. The interior includes several private offices, a convenient kitchenette, and two bathrooms. The flexible layout allows for various uses, subject to city approvals. The building offers excellent street visibility on Torrance Boulevard, ensuring prominent signage opportunities. Ample parking is provided with 17 spaces available for tenants. The 2.6-acre lot (11,145 square feet) provides ample space and the building is conveniently located near the Redondo Beach Pier, surrounded by thriving Redondo Beach communities. The minimum leasable space is 1,811 square feet, with a maximum contiguous space of 1,917 square feet. This is a rare opportunity to lease a well-maintained, conveniently located office space in a highly sought-after area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $892,000
      Market price range: $892k - $2.76M

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

    Location Insight

    • Map
    • Local Demand
    City
    Redondo Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.375
    Latitude
    33.8393
    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
    $5,338
    $138,064
    $249,773
    $387,837
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
      $1,135,000
      4,878 SF

      725 Pacific Coast Hwy

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    • Value Estimation
      $4,205,000
      24,256 SF

      901 Pacific Coast Hwy

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      View Details
    • Value Estimation
      $1,940,000
      10,880 SF

      114 Catalina Ave

      OFFICE BUILDING • 10,880 SF
      114 Catalina Ave, Redondo Beach, CA 90277-3372
      View Details
    • Value Estimation
      $2,535,000
      14,780 SF

      1711 Via El Prado

      PROFESSIONAL BUILDING • 14,780 SF
      1711 Via El Prado, Redondo Beach, CA 90277-5714
      View Details
    • Value Estimation
      $695,000
      3,732 SF

      304 Vis Del Mar

      OFFICE BUILDING (MULTI-STORY) • 3,732 SF
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      View Details

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    • Contact for pricing
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      4,037 SF

      Mixed-Use Portfolio in Redondo Beach

      Flexible mixed-use property near Redondo Beach pier with investment potential.
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    Similar Nearby for Lease

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      Redondo Beach Office Building

      Fully leased office building in Redondo Beach, California.
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      Redondo Beach Office Building

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      Redondo Beach Office Building

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      Renovated Office Building in Redondo Beach

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      South Redondo Ground-Floor Retail/Office Space

      820 SF ground-floor unit in South Redondo for lease.
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      View Details
    • $3 SF/Yr
      2,000 SF

      Redondo Beach Medical/Dental Suites

      Medical, dental, and office suites available for immediate occupancy.
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      View Details
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    Redondo Beach, CA 90277-3535
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    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
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    1009 Torrance Blvd, Redondo Beach, CA, 90277
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