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    2390 Crenshaw Blvd Torrance, CA 90501-3300
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    Property profile & analytics

    2390 Crenshaw Blvd Torrance, CA 90501-3300

    View on Map
    • Community centers
    • 23,854 SF
    • 1.92 lot acres
    Off-Market
    Last Sale Aug 17, 2022
    $16,900,000
    Property ID
    US09-6905874
    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.
    Value Estimations
    $13,800,000
    Show details
    Cap Rate Potential
    4.4%
    Community centers
    Location Intelligence

    Current Use by Public Records

    • TFL HealthCare Group Inc / Association Or Organization
    • Bargain Porta Potty Rental Torrance / Building Supply
    • The Hinds Law Group, A Professional Law Corporation / Law Firm
    • Disaster Surveyor Systems, Inc. / (Bike/Boat/Book/etc) Store / Corporate Office
    • South Bay Telecom / Electronics & Wireless Store

    Property Details for 2390 Crenshaw Blvd

    Year built
    1992
    Construction
    WOOD
    Lot size
    1.92 lot acres
    Property size
    23,854 SF
    Zone code
    TOCC-GEN
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    7359-025-076
    APU
    7359025076

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $14,755,000
      ML approach
      $10,510,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,765,000
      6.5%
      $9,940,000
      7%
      $9,230,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $14,520,000
      Current use
      RESTAURANT
      $15,535,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.328
    Latitude
    33.8224
    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
    $207,652
    $8,843,400
    $8,739,360
    $17,582,760
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      1431 Knox St

      MINI-MALL • 51,219 SF
      1431 Knox St, Torrance, CA 90501-1358
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    • Value Estimation
      $40,890,000
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      19503 Normandie Ave

      MINI-MALL • 153,291 SF
      19503 Normandie Ave, Torrance, CA 90501-1361
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    • Value Estimation
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      23,083 SF

      1730 Sepulveda Blvd

      MINI-MALL • 23,083 SF
      1730 Sepulveda Blvd, Torrance, CA 90501-5645
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    • Value Estimation
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      54,832 SF

      1725 Carson St

      MINI-MALL • 54,832 SF
      1725 Carson St, Torrance, CA 90501-2824
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    • Value Estimation
      $4,185,000
      12,730 SF

      20501 Western Ave

      MINI-MALL • 12,730 SF
      20501 Western Ave, Torrance, CA 90501
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      37,578 SF

      Leased Retail Complex For Sale

      Fully leased shopping center anchored by Dollar Tree.
      1820-1842 S Western Ave, Torrance, CA 90501
      View Details
    • $4,200,000

      Torrance Car Wash with Redevelopment

      Established car wash with redevelopment potential in downtown Torrance.
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      Retail Property in Harbor Gateway

      Three-unit retail property with flexible layout and high traffic.
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    • $1,250,000
      2,800 SF

      Torrance Commercial Space For Sale

      Prime downtown Torrance location ideal for retail or office.
      1276 Sartori Ave, Torrance, CA 90501
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    • $69,000
      17,872 SF

      Established Upholstery Business Opportunity

      Upholstery business established since 1999 with repeat customers.
      22702 S Western Ave, Torrance, CA 90501
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Torrance Center

      Retail space available in a highly visible Torrance shopping center.
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    • $2 SF/Yr
      5,175 SF

      Torrance Retail/Office Space Available

      Retail or office space available for lease in Torrance.
      1431 W Knox St, Torrance, CA 90501
      View Details
    • Contact for pricing
      1,984 SF

      Retail Space on Sepulveda Boulevard

      Retail space available for lease on Sepulveda Boulevard.
      1585 Sepulveda Blvd, Torrance, CA 90501
      View Details
    • Contact for pricing

      Flexible Event Space in Torrance

      2528 SF space suitable for retail, events, medical.
      1321 Sartori Ave, Torrance, CA 90501
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    • Contact for pricing
      93,654 SF

      Freeway Adjacent Commercial Parking Lot

      2.15 acre commercial parking lot available for rent.
      18715 S Western Ave, Torrance, CA 90501
      View Details
    • Contact for pricing
      4,960 SF

      Retail Space on Sepulveda Blvd

      Retail space available for lease on Sepulveda Boulevard.
      1555 Sepulveda Blvd, Torrance, CA 90501
      View Details

    Property Visit Statistics

    • Visits by month
      13.4k
    • Visitors by month
      12.6k
    • Avg Time on site
      19 min
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    Torrance, CA 90501-3300
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    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.

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