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Property profile & analytics
FOR LEASE
Office buildings
1899 Western Way Torrance, CA 90501
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8788584
For Lease
1 / 3
$22,000,000
1899 Western Way, Torrance, CA 90501
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2003
Construction
STEEL FRAME
Total area
81,461 SF
Lot
3.95 ac (172,065 SF)
Zoning code
TOMI-BP
APN
7352-021-011
UPID
US09-8788584
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
-
UNIFY Financial Credit Union Credit Union
-
Quick Quality Discount Dumpster Rentals Company Trucking Company
-
Stanley Prep Training Center
-
Beyondsoft Consulting Inc. Corporate Office
-
One10 Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$22.00M
CAP Approach
CAP
$30.68M
Comparable Approach
Comparable
$14.94M
Blend (final)
Blend
$22.00M
Owner & transaction history
Mi Western Way Owner LLC · 1 yrs held
Mi Western Way Owner LLC
since 2024
Last sale
$22.0M
6 recorded transactions
Zoning & alternative use
TOMI-BP · Torrance, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$22,000,000
ML approach
$22,000,000
CAP Approach
CAP Return
Estimation
6%
$33,235,000
6.5%
$30,680,000
7%
$28,490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$34,035,000
Current use
RETAIL STORES
$30,580,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$22.00M
Range $19.80M – $24.20M · ±10% · vs last sale $22.00M (Aug 22 2024)
Last sale anchor
$22.00M
Aug 22 2024
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
$270 / 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
$257,572
Tax year 2024
Assessed value
$21,194,858
Assessed 2024
Previous assessed
$21,194,858
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$7,808,631
Assessed improvement
$13,386,227
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 (MULTI-STORY)
Status
For Lease
Year built
2003
Construction
STEEL FRAME
Heating
NONE
Total area
81,461 SF
Lot
3.95 ac (172,065 SF)
Zoning code
TOMI-BP
APN
7352-021-011
UPID
US09-8788584
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
TOMI-BP · Torrance, CA
Zoning TOMI-BP · permitted uses
TOMI-BP · 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
$34.0M
RETAIL STORES
Est. value
$30.6M
OFFICE BUILDING Current
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
2003
Construction
STEEL FRAME
Heating
NONE
Lot
3.95 ac
Current owner
From public records · entity-resolved
Mi Western Way Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
11100 SANTA MONICA BLVD STE #240, LOS ANGELES, CA 90025-5296
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2024
$22,000,000
Mi Western Way Owner LLC
Miramar Western Way A LLC
Grant Deed
—
Sep 13, 2017
$3,800,000
Miramar-western Way A LLC
Cdc 1899 Western Way LLC
Grant Deed
—
Sep 13, 2017
—
Miramar-western Way A LLC
—
Deed
related
$17,800,000 · Unify Fin'l FCU
Dec 28, 2016
$18,975,500
Cdc 1899 Western Way LLC
Unify Financial Federal Credit Unio
Grant Deed
$17,800 · Unify Financial FCU
Aug 10, 2016
—
Moog INC
Western FCU
Quit Claim Deed
related
—
—
—
Miramar-western Way A LLC
—
Loan Modification
related
$17,800,000 · Unify Fin'l FCU
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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