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Property profile & analytics
OFF-MARKET
Estimated value
$5,500,000
Medical Office Space
23500 Madison St Torrance, CA 90505-4702
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7146970
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Construction
WOOD
Total area
9,400 SF
Lot
1.15 ac (50,231 SF)
Zoning code
TOHHM
APN
7377-005-057
UPID
US09-7146970
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
-
John Francis Maher Ophthalmologist
-
Dr. Timothy A. Mcgillivray, MD Physician Medical Clinic
-
Dr. Hima Ghanta, MD Physician Medical Clinic
-
HANI SALEHI-HAD Ophthalmologist
-
Deepjot Singh Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.75M
Blend (final)
Blend
$5.50M
Owner & transaction history
Cedars Sinai Medical Center · 2 yrs held
Cedars Sinai Medical Center
since 2024
Last sale
$5.5M
4 recorded transactions
Zoning & alternative use
TOHHM · Torrance, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.1M
+43.3%
Neighborhood: shopping center
$5.7M
+33.9%
Auto repair, garage
$4.4M
+1.8%
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
$5,500,000
ML approach
$5,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,275,000
Current use
RESTAURANT
$6,120,000
Change: +43% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,720,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,350,000
Change: +2% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,770,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$5.50M
Range $4.95M – $6.05M · ±10% · vs last sale $5.50M (Jan 31 2024)
Last sale anchor
$5.50M
Jan 31 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
$585 / 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
$31,626
Tax year 2024
Assessed value
$2,535,928
Assessed 2024
Previous assessed
$2,535,928
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$651,863
Assessed improvement
$1,884,065
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1978
Construction
WOOD
Heating
NONE
Cooling
OTHER
Stories
1
Total area
9,400 SF
Lot
1.15 ac (50,231 SF)
Zoning code
TOHHM
APN
7377-005-057
UPID
US09-7146970
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
TOHHM · Torrance, CA
Zoning TOHHM · permitted uses
TOHHM · 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
MEDICAL BUILDING Current
Est. value
$4.3M
RESTAURANT
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$3.8M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1978
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Cedars Sinai Medical Center
Individual
Mailing address
6500 WILSHIRE BLVD, LOS ANGELES, CA 90048-4920
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
$5,500,000
Cedars Sinai Medical Center
Palo Alto G Wg
Grant Deed
—
Sep 20, 1999
—
Alto G-wg Palo
Deciutiis,p P
Quit Claim Deed
related
—
Aug 18, 1999
$164,500
Alto G Palo
—
Grant Deed
related
—
—
—
Palo Alto G-wg LP
—
Deed Of Trust
related
$710,000 · Money Back Investment Corp
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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