2008 Carson St Torrance, CA 90501-3242
- Investment properties
- 6,988 SF
- 0.29 lot acres
Current Use by Public Records
- Icon contractor licensing school / Educational Consultant / School
- Perkins Paralegal Services / Paralegal Services Provider / Notary Public
- Pacific Japan Driving School / Driving School
- MCAR inc / Marketing Agency
- Reliable Printing Services / Print Shop / Commercial Printer
Property Details for 2008 Carson St
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 0.29 lot acres
- Property size
- 6,988 SF
- Zone code
- TODC-CTR
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 7357-001-005
- APU
- 7357001005
Description
This stabilized, multi-tenant office building in Torrance, CA presents a compelling investment opportunity. Located at 2008 W Carson St, this 6,988 square foot property sits on a 0.41-acre corner lot in Los Angeles County (zip code 90501) and boasts a 100% occupancy rate with 17 tenants. The building, constructed with a Class C designation, features two stories and 30 parking spaces, recently resurfaced. The property underwent renovations in 2023, including remodeled ADA-compliant bathrooms. The building is currently leased under a gross lease agreement with rent bumps included. The property's Net Operating Income (NOI) is $126,126, yielding a 3.60% cap rate at an asking price of $3,199,888 ($457.91 per square foot). The permitted zoning is C1, offering redevelopment potential, including the possibility of conversion to multi-family housing. The property benefits from heavy daytime traffic and excellent visibility due to its corner lot location. APN numbers are 7357-007-005 and 7357-001-004. This is a land development investment opportunity with significant upside potential. The property is not subject to a ground lease.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Torrance
- County
- Los Angeles
- State
- California
- Longitude
- -118.317
- Latitude
- 33.8311
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA