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Property profile & analytics
OFF-MARKET
Estimated value
$8,105,000
Warehouses
23510 Telo Ave, Torrance, CA 90505-4032
Individually Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7539501
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
TILT-UP CONCRETE
Total area
53,380 SF
Lot
2.95 ac (128,480 SF)
Zoning code
TOMI-LT
APN
7377-002-035
UPID
US09-7539501
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
-
Torrance Training Lab - CrossFit Gym & Personal Training Gym & Fitness Center
-
NCID Industrial Manufacturer
-
South Bay Casino Rentals Party Supply Store Rental Equipment Company
-
South Bay Pinball Factory Industrial Manufacturer
-
South Bay Pool & Spa Supply (Bike/Boat/Book/etc) Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.11M
Owner & transaction history
Habib Rawjee · 26 yrs held
Habib Rawjee
since 2000
6 recorded transactions
Zoning & alternative use
TOMI-LT · Torrance, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$152 / 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
$78,499
Tax year 2024
Assessed value
$6,027,400
Assessed 2024
Previous assessed
$6,027,400
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$3,315,073
Assessed improvement
$2,712,327
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Buildings
2
Stories
1
Total area
53,380 SF
Lot
2.95 ac (128,480 SF)
Zoning code
TOMI-LT
APN
7377-002-035
UPID
US09-7539501
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
TOMI-LT · Torrance, CA
Zoning TOMI-LT · permitted uses
TOMI-LT · 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.
Building & site characteristics
From public records
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Buildings
2
Lot
2.95 ac
Current owner
From public records · entity-resolved
Habib Rawjee
Individual
Mailing address
401 W ARTESIA BLVD, COMPTON, CA 90220-5518
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2025
—
Telo Industrial Owner LLC
—
Deed
related
$5,300,000 · Bank Of America NA
Jan 3, 2019
—
Telo Industrial Center LLC
—
Deed
related
$5,300,000 · Mufg Union Bank NA
Apr 28, 2000
—
Habib Rawjee
Rawjee,s
Quit Claim Deed
related
—
Dec 16, 1999
$3,139,090
Cal Portfolio Partnes Ph Voit
Sierra Pacific Ca
Grant Deed
$71,971,154 · Wells Fargo Bank
Nov 25, 1996
$3,100,000
Sierra Pacific California LP
Fujita Corp USA
Grant Deed
—
—
—
Telo Industrial Center LLC
—
Deed Of Trust
related
$2,275,000 · Wells Fargo Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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