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Property profile & analytics
OFF-MARKET
Estimated value
$1,390,000
Retail properties & Spaces
1603 Border Ave Torrance, CA 90501-2810
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0285805
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1970
Construction
TILT-UP CONCRETE
Total area
5,362 SF
Lot
0.21 ac (9,191 SF)
Zoning code
TODC-CTR
APN
7355-030-001
UPID
US10-0285805
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
-
Japan Technology International Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.39M
Owner & transaction history
Steven E Portner · 7 yrs held
Steven E Portner
since 2019
7 recorded transactions
Zoning & alternative use
TODC-CTR · Torrance, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+28.9%
Retail stores
$2.0M
+15.8%
Warehouse, storage
$1.8M
+1.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$1,740,000
Current use
OFFICE BUILDING
$2,240,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$2,015,000
Change: +16% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,760,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.39M
Range $1.25M – $1.53M · ±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
$259 / 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
$27,586
Tax year 2024
Assessed value
$2,406,018
Assessed 2024
Previous assessed
$2,406,018
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,640,468
Assessed improvement
$765,550
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
5,362 SF
Lot
0.21 ac (9,191 SF)
Zoning code
TODC-CTR
APN
7355-030-001
UPID
US10-0285805
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
TODC-CTR · Torrance, CA
Zoning TODC-CTR · permitted uses
TODC-CTR · 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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$1.7M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.8M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1970
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Steven E Portner
Individual
Mailing address
120 19TH ST, MANHATTAN BEACH, CA 90266-4509
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2019
$2,200,000
Steven E Portner
Samuel Schoenberg
Grant Deed
$800,000 · First Choice Bank
Apr 19, 2017
—
Schoenberg Family Trust
—
Deed
related
$1,250,000 · Farmers & Merchants Bk/lng Bch
Nov 8, 2012
$765,000
Schoenberg Family Trust
Roth Family Trust
Grant Deed
—
May 20, 2010
—
Roth Family Trust
Roth Family Trust
Quit Claim Deed
related
—
May 7, 2007
—
Roth Family Trust
Roth Family Trust
Quit Claim Deed
related
—
Nov 22, 2006
—
Roth Family Trust
Roth,june
Affidavit Of Death
—
Apr 14, 2000
—
Roth,june N Trustee
Roth,g F & J N Trustees
Quit Claim Deed
related
—
—
—
Schoenberg Family Trust
—
Deed Of Trust
related
$1,250,000 · Farmers & Merchants Bk/lng Bch
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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