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    Property profile & analytics

    1620 Iris Ave Torrance, CA 90503-6025

    • Assisted living facilities
    • 2,479 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $815,000
    Last Sale
    Apr 29, 2022
    $900,009
    Location Intelligence
    Property ID
    US09-6411243
    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.

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 1620 Iris Ave

    Year built
    2005
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    2,479 SF
    Zone code
    TORR-LO
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    7362-026-037
    APU
    7362026037

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $785,000

    • CAP approach

      CAP return
      Estimation
      6%
      $880,000
      6.5%
      $790,000
      7%
      $920,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $780,000
      Geo Method
      $895,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,025,000
      Retail
      $950,000
      Mixed-Use
      $1,000,000
      Hospitality
      $1,045,000
      Educational
      $970,000
      Residential Income
      $925,000
      Energy
      $1,020,000
      Income-Based Land
      $790,000
      Food Service
      $870,000

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.335
    Latitude
    33.8323
    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
    $22,000
    $1,134,036
    $436,968
    $1,571,004
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,980 SF

      1308 Hickory Ave

      HOMES (RETIRED, NURSING) • 1,980 SF
      1308 Hickory Ave, Torrance, CA 90503-6053
      View Details
    • Value Estimation by Request
      17,636 SF

      3750 Garnet St

      HOMES (RETIRED, NURSING) • 17,636 SF
      3750 Garnet St, Torrance, CA 90503-3305
      View Details
    • Value Estimation by Request
      17,750 SF

      20900 Earl St

      HOMES (RETIRED, NURSING) • 17,750 SF
      20900 Earl St, Torrance, CA 90503-4309
      View Details
    • Value Estimation
      $9,860,000
      18,848 SF

      20820 Earl St

      HOMES (RETIRED, NURSING) • 18,848 SF
      20820 Earl St, Torrance, CA 90503-4307
      View Details
    • Value Estimation by Request
      58,557 SF

      20920 Earl St

      HOMES (RETIRED, NURSING) • 58,557 SF
      20920 Earl St, Torrance, CA 90503-4393
      View Details
    • Value Estimation by Request
      22,785 SF

      4315 Torrance Blvd

      HOMES (RETIRED, NURSING) • 22,785 SF
      4315 Torrance Blvd, Torrance, CA 90503-4401
      View Details

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    1620 Iris Ave
    Torrance, CA 90503-6025
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    Realmo Value Estimation

    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.

    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.

    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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