Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    20020 Hawthorne Blvd Torrance, CA 90503

    • Community centers
    • 87,942 SF
    • 8.33 lot acres
    For Lease
    View listing
    $45 SF/Yr
    Value Estimations
    $1,115,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9528361
    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

    • HearUSA / Hearing Aid Store / Audiologist

    Property Details for 20020 Hawthorne Blvd

    Year built
    1979
    Lot size
    8.33 lot acres
    Property size
    87,942 SF
    Zone code
    TOHC-GEN
    Property type
    Community centers
    APN
    7352-001-038
    APU
    7352001038

    Description

    Best Plaza Shopping Center, located at 20020-20140 Hawthorne Blvd, Torrance, CA 90503 (NEC Hawthorne & Del Amo Blvd.), offers a prime retail opportunity in Los Angeles County. This 98,090 square foot, multi-tenant retail center, built in 1973 and renovated in 2024, sits on a 9.155-acre lot and boasts three buildings. The property features a diverse mix of national tenants, including a flagship climbing gym (38,000 SF), Planet Fitness (21,000 SF), New Balance, Crumbl Cookies, HotWorx, Jollibee, and many others. With ample parking (5.07 spaces per 1,000 square feet), the center benefits from strong regional draw, attracting customers from throughout the South Bay. While currently fully occupied, the property offers a minimum divisible space of 1,400 square feet, with a maximum contiguous space of 5,983 square feet. The center's recent renovation ensures modern amenities and a high-quality tenant experience. This is an exceptional opportunity to invest in a thriving retail center in a desirable location. No elevators are present on the property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,115,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.352
    Latitude
    33.8495
    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
    $259,790
    $7,581,385
    $13,866,453
    $21,447,838
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $805,000
      90,300 SF

      21301 Hawthorne Blvd, Unit 5

      MINI-MALL • 90,300 SF
      21301 Hawthorne Blvd, Torrance, CA 90503-5632
      View Details
    • Value Estimation
      $950,000
      41,905 SF

      5108 190th St

      MINI-MALL • 41,905 SF
      5108 190th St, Torrance, CA 90503-1005
      View Details
    • Value Estimation
      $1,055,000
      61,452 SF

      21035 Hawthorne Blvd

      MINI-MALL • 61,452 SF
      21035 Hawthorne Blvd, Torrance, CA 90503-4613
      View Details
    • Value Estimation
      $410,000
      10,493 SF

      22135 Hawthorne Blvd

      MINI-MALL • 10,493 SF
      22135 Hawthorne Blvd, Torrance, CA 90503-7013
      View Details
    • Value Estimation
      $350,000
      7,440 SF

      20016 Hawthorne Blvd

      MINI-MALL • 7,440 SF
      20016 Hawthorne Blvd, Torrance, CA 90503-1538
      View Details
    • Value Estimation
      $275,000
      5,994 SF

      4719 Torrance Blvd

      MINI-MALL • 5,994 SF
      4719 Torrance Blvd, Torrance, CA 90503-4173
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,800 SF

      Torrance Retail Space - PCH Frontage

      High-visibility retail space, prime Torrance location.
      3801, Torrance, CA 90503
      View Details
    • $649,000

      Torrance Apartment with Pool View

      Stylish Torrance apartment with remodeled kitchen, balcony, and pool view.
      3030 Merrill Dr, Torrance, CA 90503
      View Details
    • $169,500

      Torrance Specialty Property For Sale

      Specialty property available for purchase in Torrance, California.
      20515 Palm Way, Torrance, CA 90503
      View Details
    • $465,000
      818 SF

      Torrance Medical Office Condo

      Turnkey Medical Office, Prime Location
      4305 Torrance Blvd, Torrance, CA 90503
      View Details
    • Contact for pricing
      6,640 SF

      Freestanding Warehouse Building For Sale

      Freestanding warehouse with 24' clear height and solar panels.
      2862 Columbia St, Torrance, CA 90503
      View Details
    • $829,000

      Charming Townhouse in Summer Wind

      Inviting 2-bedroom townhouse in a desirable, gated Torrance community.
      2800 Plaza Del Amo, Torrance, CA 90503
      View Details

    Similar Nearby for Lease

    • $87 SF/Yr
      48 SF

      Torrance Retail Space - Hawthorne Blvd

      7,318 SF Retail Sublease Opportunity
      21035 Hawthorne Blvd, Torrance, CA 90503
      View Details
    • Contact for pricing
      86,444 SF

      Torrance Retail Space For Lease

      Prime retail space in a high-traffic Torrance location.
      1141-1259 W Carson St, Torrance, CA 90503
      View Details
    • Contact for pricing

      Del Amo Fashion Center Outparcel

      Prime retail space within the Del Amo Fashion Center.
      Torrance, CA 90503
      View Details
    • $45 SF/Yr
      98,090 SF

      Best Plaza Shopping Center

      Torrance Retail Center, 98,090 SF
      20020 Hawthorne Blvd, Torrance, CA 90503
      View Details
    • $18 SF/Yr
      8,300 SF

      Torrance Blvd Retail Spaces Available

      Prime Torrance location, multiple spaces, ample parking.
      4625-4705 Torrance Blvd, Torrance, CA 90503
      View Details
    • $2 SF/Yr
      3,980 SF

      Torrance Retail Space on Hawthorne

      Retail space in active Torrance shopping center with high visibility.
      20912-20914 Hawthorne Blvd, Torrance, CA 90503
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20020 Hawthorne Blvd
    Torrance, CA 90503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.