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

    2059 Artesia Blvd Torrance, CA 90504-3036

    • Apartment buildings
    • 67,726 SF
    • 2.35 lot acres
    OFF-MARKET
    Value Estimations
    $1,480,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6423970
    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

    • Apartment buildings

    Property Details for 2059 Artesia Blvd

    Year built
    1964
    Construction
    WOOD
    Lot size
    2.35 lot acres
    Property size
    67,726 SF
    Zone code
    TORR-MH
    Property type
    Apartment buildings
    APN
    4094-016-040
    APU
    4094016040

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $945,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,012,000
      Market price range: $2.01M - $5.69M

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.315
    Latitude
    33.8739
    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
    $99,416
    $2,198,585
    $5,135,182
    $7,333,767
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,692 SF

      17017 Yukon Ave

      APARTMENT HOUSE (5+ UNITS) • 10,692 SF
      17017 Yukon Ave, Torrance, CA 90504-2341
      View Details
    • Value Estimation
      $1,000,000
      44,119 SF

      17035 Yukon Ave

      APARTMENT HOUSE (5+ UNITS) • 44,119 SF
      17035 Yukon Ave, Torrance, CA 90504-2342
      View Details
    • Value Estimation by Request
      6,604 SF

      2215 182nd St

      APARTMENT HOUSE (5+ UNITS) • 6,604 SF
      2215 182nd St, Torrance, CA 90504-5230
      View Details
    • Value Estimation by Request
      6,671 SF

      2405 182nd St

      APARTMENT HOUSE (5+ UNITS) • 6,671 SF
      2405 182nd St, Torrance, CA 90504-5231
      View Details
    • Value Estimation by Request
      3,509 SF

      17925 Crenshaw Blvd

      APARTMENT HOUSE (5+ UNITS) • 3,509 SF
      17925 Crenshaw Blvd, Torrance, CA 90504-4132
      View Details
    • Value Estimation by Request
      3,605 SF

      17905 Crenshaw Blvd

      APARTMENT HOUSE (5+ UNITS) • 3,605 SF
      17905 Crenshaw Blvd, Torrance, CA 90504-4130
      View Details

    Similar Nearby for Sale

    • $1,595,000

      Torrance Multifamily Investment Opportunity

      Four 2-bedroom units near Alondra Park and El Camino College.
      3706 Redondo Beach Blvd, Torrance, CA 90504
      View Details
    • $1,795,000
      2,275 SF

      Torrance Commercial Property Investment

      High-visibility Crenshaw Blvd. retail/office.
      18750 Crenshaw Blvd, Torrance, CA 90504
      View Details
    • Contact for pricing
      11,400 SF

      Torrance Industrial Redevelopment Opportunity

      11,400 SF Flex Space, Redevelopment Potential
      3977 171St St, Torrance, CA 90504
      View Details
    • $6,499,000
      23,580 SF

      Torrance Office Building For Sale

      Freestanding Torrance office building with ample parking and high ceilings.
      17002 Prairie Ave, Torrance, CA 90504
      View Details
    • $1,795,000
      2,275 SF

      Torrance Retail Building - $1.795M

      High-traffic corner lot retail/office building. Three suites, ample parking.
      18750 Crenshaw Blvd, Torrance, CA 90504
      View Details
    • $2,750,811
      7,563 SF

      Torrance Industrial Flex Condominium

      Two-story industrial flex condominium totaling 7,563 square feet for sale.
      2227 W 190Th St, Torrance, CA 90504
      View Details

    Similar Nearby for Lease

    • $2,300 /Mo

      Torrance Apartments with Modern Amenities

      Apartment community in Torrance with pool, fitness center, and more.
      4160 W 182Nd St, Torrance, CA 90504
      View Details
    • Contact for pricing

      Industrial Property in Torrance, CA

      Fully leased industrial property in Torrance, California.
      2180-2190 W 190Th St, Torrance, CA 90504
      View Details
    • Contact for pricing
      10,300 SF

      Retail Space Available For Rent

      Retail space available for rent in Torrance, California.
      17352-17364 Hawthorne Blvd, Torrance, CA 90504
      View Details
    • $2 SF/Yr
      4,000 SF

      Retail Space Available For Rent

      Retail space featuring 10' clear height and ample parking.
      18225 Hawthorne Blvd, Torrance, CA 90504
      View Details
    • Contact for pricing

      Torrance Specialty Property For Rent

      Specialty property available for rent in Torrance, California.
      2050 West 190Th St, Torrance, CA 90504
      View Details
    • $2 SF/Yr
      14,132 SF

      Torrance Office Space For Rent

      Office space in Torrance with easy freeway access.
      Torrance, CA 90504
      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.
    2059 Artesia Blvd
    Torrance, CA 90504-3036
    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.