20715 Hawthorne Blvd Torrance, CA 90503-3205

This exceptional investment opportunity presents a 11,524 square foot multi-tenant medical office building situated on a 0.925-acre lot in the desirable South Bay submarket of Torrance, Los Angeles County. The property, located at 20723 Hawthorne Blvd, boasts a prime corner location at a signalized intersection with high traffic counts averaging approximately 70,000 cars per day. Built in 1973 and renovated in 2003, this Class B building features two structures, each one story, offering a total of three suites. Currently, 5,230 square feet of space is available, with a minimum divisible space of 5,230 square feet and a maximum contiguous space of 5,230 square feet. The property benefits from ample parking with 60 spaces available. The building has a Floor Area Ratio (FAR) of 0.28 and is zoned TO-C (Hawthorne Boulevard Corridor Specific Plan). The property's location near Providence Little Company of Mary Hospital makes it ideal for medical use. The surrounding area features numerous national retailers and boasts strong demographics, with an average household income of $126,931 within a three-mile radius and an estimated 2020 population of 232,070 within the same radius. Property taxes are approximately $5.34 per square foot. NNN expenses for 2024 are estimated at $0.65 per square foot per month. APN: 7524-020-054 & 053.