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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office buildings
1308 Crenshaw Blvd Torrance, CA 90501-2431
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-7053650
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1945
Construction
WOOD
Total area
2,448 SF
Lot
0.14 ac (6,180 SF)
Zoning code
TOCC-GEN
APN
7355-001-020
UPID
US09-7053650
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Reegies Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Riggs Realty Group Real Estate Agency
-
West Coast Embroidery Production Facility Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$920k
Comparable Approach
Comparable
$511k
Blend (final)
Blend
$765k
Owner & transaction history
Ohana Industries LLC · 2 yrs held
Ohana Industries LLC
since 2023
7 recorded transactions
Zoning & alternative use
TOCC-GEN · Torrance, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+10.7%
Medical building
$1.1M
+8.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Torrance submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Torrance submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$920,000
7%
$855,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,025,000
Current use
AUTO REPAIR, GARAGE
$1,130,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$1,115,000
Change: +9% · Conversion: Easy
RETAIL STORES
$920,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$765k
Range $689k – $842k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$313 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,784
Tax year 2024
Assessed value
$725,082
Assessed 2024
Previous assessed
$725,082
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$501,981
Assessed improvement
$223,101
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1945
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Total area
2,448 SF
Lot
0.14 ac (6,180 SF)
Zoning code
TOCC-GEN
APN
7355-001-020
UPID
US09-7053650
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
TOCC-GEN · Torrance, CA
Zoning TOCC-GEN · permitted uses
TOCC-GEN · Torrance, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Torrance. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$920,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1945
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Ohana Industries LLC
Entity
Mailing address
PO BOX 990, REDONDO BEACH, CA 90277-0990
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2023
—
Ohana Industries LLC
Ron L Riggs
Grant Deed
—
May 7, 2018
$650,000
Ron Riggs
Kanemura,scott
Grant Deed
—
May 7, 2018
—
Scott Kanemura
Derosa,john & Nadine
Quit Claim Deed
—
Nov 20, 2012
$310,000
Scott Kanemura
Homesales INC
Grant Deed
—
Jan 28, 2010
$216,380
Homesales INC
California Reconveyance Co
Trustees Deed
—
Aug 4, 2004
$580,000
Afileje,tr
Buckner,k T
Grant Deed
$248,000 · Community Commerce Bank
Nov 2, 2000
—
K T Buckner
Buckner,v
Quit Claim Deed
related
—
Nov 2, 2000
$337,500
Buckner,k T
Courtney,alvin
Trustees Deed
$321,700 · Community National Bank
Jan 5, 2000
$246,160
Alvin Courtney
Ward,gerald K
Trustees Deed
—
Mar 22, 1990
—
Gerald K Ward
Ward Gerald K An
Quit Claim Deed
related
—
—
—
Gerald K Ward
—
Deed Of Trust
related
$120,000 · Individual
—
—
Gerald K Ward
—
Deed Of Trust
related
$135,000 · Boughner Trust
Jun 3, 1966
—
—
—
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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