Add Listing
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

    23715 Crenshaw Blvd Torrance, CA 90505-5206

    • Retail space
    • 6,000 SF
    • 0.55 lot acres
    OFF-MARKET
    Last Sale
    Jul 09, 2024
    Value Estimations
    $1,380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9555365
    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

    • Plaza Golf / Golf Course / (Bike/Boat/Book/etc) Store
    • THE ART OF PUTTERS / Golf Course / (Bike/Boat/Book/etc) Store

    Property Details for 23715 Crenshaw Blvd

    Year built
    1998
    Construction
    TILT-UP CONCRETE
    Lot size
    0.55 lot acres
    Property size
    6,000 SF
    Zone code
    TOMI-LT
    Property type
    Retail space
    APN
    7377-003-099
    APU
    7377003099

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,050,000
      Current use
      COMMERCIAL (GENERAL)
      $1,880,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.328
    Latitude
    33.8087
    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
    $25,389
    $1,428,000
    $714,000
    $2,142,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,170,000
      14,968 SF

      4142 Pacific Coast Hwy

      RETAIL STORES (PERSONAL SERVICES) • 14,968 SF
      4142 Pacific Coast Hwy, Torrance, CA 90505-5714
      View Details
    • Value Estimation
      $665,000
      3,378 SF

      25920 Rolling Hls Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,378 SF
      25920 Rolling Hls Rd, Torrance, CA 90505-7208
      View Details
    • Value Estimation
      $1,810,000
      9,975 SF

      23126 Hawthorne Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,975 SF
      23126 Hawthorne Blvd, Torrance, CA 90505-3705
      View Details
    • Value Estimation
      $3,605,000
      17,958 SF

      22844 Hawthorne Blvd

      RETAIL STORES (PERSONAL SERVICES) • 17,958 SF
      22844 Hawthorne Blvd, Torrance, CA 90505-3616
      View Details
    • Value Estimation by Request
      1,810 SF

      24411 Hawthorne Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,810 SF
      24411 Hawthorne Blvd, Torrance, CA 90505-6506
      View Details
    • Value Estimation
      $1,870,000
      8,658 SF

      23900 Crenshaw Blvd

      RETAIL STORES (PERSONAL SERVICES) • 8,658 SF
      23900 Crenshaw Blvd, Torrance, CA 90505-5211
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      34,453 SF

      Retail Redevelopment Opportunity

      Retail space available for redevelopment with 34,453 square feet.
      3961 Pacific Coast Hwy, Torrance, CA 90505
      View Details
    • $8,250,000

      Torrance Retail Investment Opportunity

      Freestanding retail building in prime Torrance location.
      2700 Sepulveda Blvd, Torrance, CA 90505
      View Details
    • $5,400,000

      Starbucks Anchored Retail Center

      100% occupied retail center with drive-thru.
      4437 Sepulveda Blvd, Torrance, CA 90505
      View Details
    • $15,000,000
      786,994.00 Acres

      Torrance Land with Harbor Views

      20-acre Torrance land with harbor and city views.
      Via Valmonte, Torrance, CA 90505
      View Details
    • $3,000,000
      6,000 SF

      Torrance Industrial Warehouse Opportunity

      6,000 SF industrial warehouse for sale in Torrance, CA.
      2423 Moreton St, Torrance, CA 90505
      View Details
    • $7,950,000

      Two Freestanding Flex/Industrial Buildings

      Two flex/industrial buildings for sale on Madison St/Skypark Dr.
      23840-23870 Madison St, Torrance, CA 90505
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr

      Torrance Retail/Medical End Cap Suite

      Retail or medical space with ample parking and natural light.
      23827-29 Hawthorne Blvd, Torrance, CA 90505
      View Details
    • Contact for pricing

      Retail Space on Pacific Coast

      Retail space with high visibility and private parking.
      3803 Pacific Coast Hwy, Torrance, CA 90505
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease with lease term remaining.
      25360 Crenshaw Blvd, Torrance, CA 90505
      View Details
    • Contact for pricing

      Remodeled Retail Unit For Lease

      Newly remodeled retail unit available for lease in Torrance.
      Swc Sepulveda Blvd & Maple Ave, Torrance, CA 90505
      View Details
    • Contact for pricing

      Torrance Retail Space Available

      Second-generation food-oriented retail space in a high-traffic location.
      24427-24451 Crenshaw Blvd, Torrance, CA 90505
      View Details
    • $2 SF/Yr
      4,165 SF

      Retail Space on Sepulveda Blvd

      Retail space available for lease on Sepulveda Boulevard.
      2814-2828 Sepulveda Blvd, Torrance, CA 90505
      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.
    23715 Crenshaw Blvd
    Torrance, CA 90505-5206
    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.
    Sign Up Successful!
    You now have access to more from Realmo!