Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$38,950,000
Office buildings
2377 Crenshaw Blvd Torrance, CA 90501-3347
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9150664
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1985
Construction
STEEL FRAME
Total area
105,346 SF
Lot
1.06 ac (46,207 SF)
Zoning code
TOPC-GEN
APN
7359-028-020
UPID
US09-9150664
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
-
Continental Resources Inc (Bike/Boat/Book/etc) Store Corporate Office
-
High Ground Insurance Services Insurance Agency
-
Metro Cafe Restaurant
-
Lansford & Carbonara, P.C. Law Firm
-
Law Offices of R. Christine Brown Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$39.68M
Comparable Approach
Comparable
$38.12M
Blend (final)
Blend
$38.95M
Owner & transaction history
Omninet Park Del Amo LLC · 6 yrs held
Omninet Park Del Amo LLC
since 2020
Last sale
$39.0M
6 recorded transactions
Zoning & alternative use
TOPC-GEN · Torrance, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$64.1M
+45.7%
Auto repair, garage
$48.7M
+10.7%
Medical building
$47.9M
+8.8%
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
$44,900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$42,980,000
6.5%
$39,675,000
7%
$36,840,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$44,015,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$64,115,000
Change: +46% · Conversion: Difficult
AUTO REPAIR, GARAGE
$48,725,000
Change: +11% · Conversion: Difficult
MEDICAL BUILDING
$47,890,000
Change: +9% · Conversion: Easy
RETAIL STORES
$39,545,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$38.95M
Range $35.06M – $42.85M · ±10% · vs last sale $39.00M (Jun 25 2020)
Last sale anchor
$39.00M
Jun 25 2020
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
$370 / 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
$254,715
Tax year 2024
Assessed value
$20,907,939
Assessed 2024
Previous assessed
$20,907,939
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$9,113,717
Assessed improvement
$11,794,222
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
NONE
Stories
3
Total area
105,346 SF
Lot
1.06 ac (46,207 SF)
Zoning code
TOPC-GEN
APN
7359-028-020
UPID
US09-9150664
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
TOPC-GEN · Torrance, CA
Zoning TOPC-GEN · permitted uses
TOPC-GEN · 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
OFFICE BUILDING Current
Est. value
$44.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$64.1M
AUTO REPAIR, GARAGE
Est. value
$48.7M
MEDICAL BUILDING
Est. value
$47.9M
RETAIL STORES
Est. value
$39.5M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1985
Construction
STEEL FRAME
Heating
NONE
Stories
3
Lot
1.06 ac
Current owner
From public records · entity-resolved
Omninet Park Del Amo LLC
Entity
Mailing address
9420 WILSHIRE BLVD4THFL, BEVERLY HILLS, CA 90212-1500
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Mar 2, 2021
—
Omninet Park Del Amo LLC
—
Deed
related
$28,140,000 · Bank Of America NA
Jun 25, 2020
—
Omninet Park Del Amo LLC
Omninet Newport LP
Intrafamily Transfer
related
$21,500,000 · Cit Bank NA
May 6, 2020
$39,000,000
Omninet Newport LP
Realty Associates Fund X LP
Grant Deed
$17,650,000 · Omninet Cap LLC
Nov 26, 2014
—
Realty Associates Fund X LP
—
Grant Deed
related
$120,000,000 · Miscellaneous Ins Co
Jul 17, 2013
$34,125,000
Realty Associates Fund X LP
Torrance Investment Co
Grant Deed
—
Oct 16, 2009
—
Torrance Investment Co
—
Deed Of Trust
related
$10,500,000 · Aetna Health & Life Ins Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2377 Crenshaw Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
