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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2406 Torrance Blvd Torrance, CA 90501-2401

    • Office buildings
    • 3,314 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $955,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0275621
    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

    • 1st Stop Urgent Care & Family Practice / Urgent Care Center
    • Raphel A. Argueta, M.D. / Family Practice Physician / Doctor
    • Coastal Medical Corporation / Family Practice Physician / Medical Clinic
    • Coastal Medical Corporation: Ostriker Jeffrey MD / Family Practice Physician

    Property Details for 2406 Torrance Blvd

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    3,314 SF
    Zone code
    TOCC-GEN
    Property type
    Office buildings
    APN
    7355-002-006
    APU
    7355002006

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,350,000
      6.5%
      $1,250,000
      7%
      $1,160,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $623,000
      Market price range: $188k - $945k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,385,000
      Current use
      AUTO REPAIR, GARAGE
      $1,535,000
      Change: +11% Conversion: Difficult
      MEDICAL BUILDING
      $1,505,000
      Change: +9% Conversion: Easy
      RETAIL STORES
      $1,245,000
      Change: -10% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.326
    Latitude
    33.836
    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
    $10,971
    $636,600
    $247,555
    $884,155
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $13,385,000
      53,218 SF

      21171 Western Ave

      OFFICE BUILDING • 53,218 SF
      21171 Western Ave, Torrance, CA 90501-1728
      View Details
    • Value Estimation
      $11,915,000
      399,000 SF

      19001 Western Ave

      OFFICE BUILDING • 399,000 SF
      19001 Western Ave, Torrance, CA 90501-1106
      View Details
    • Value Estimation
      $5,495,000
      31,400 SF

      Torrance, CA 90501

      OFFICE BUILDING • 31,400 SF
      Torrance, CA 90501
      View Details
    • Value Estimation
      $645,000
      2,436 SF

      2367 Torrance Blvd

      OFFICE BUILDING • 2,436 SF
      2367 Torrance Blvd, Torrance, CA 90501-2541
      View Details
    • Value Estimation
      $1,235,000
      3,687 SF

      1319 Crenshaw Blvd

      PROFESSIONAL BUILDING • 3,687 SF
      1319 Crenshaw Blvd, Torrance, CA 90501-2488
      View Details
    • Value Estimation
      $4,125,000
      15,106 SF

      1010 Crenshaw Blvd

      OFFICE BUILDING • 15,106 SF
      1010 Crenshaw Blvd, Torrance, CA 90501-2056
      View Details

    Similar Nearby for Sale

    • $3,950,000
      10,911 SF

      Creative Commercial Investment Opportunity

      Creative commercial space available for investment in Torrance, California.
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    • $399,900
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      Torrance Office Condo - Great Location

      Spacious Office Condo, Ample Parking, High ROI Potential
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      Torrance Office Building: Prime Location

      6,175 sq ft Office, Excellent Potential
      2321 Torrance Blvd, Torrance, CA 90501
      View Details
    • $2,400,000
      6,175 SF

      Torrance Office Building - $2.4M

      Vacant Office, High Cap Rate, Torrance
      2321 Torrance Blvd, Torrance, CA 90501
      View Details
    • New
      $839,000
      1,536 SF

      Torrance Income Property with Development Potential

      Two houses on a large lot, ideal for development or investment.
      21726 Halldale Ave, Torrance, CA 90501
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    • $949,000

      Torrance Triplex with Garage Parking

      Spacious three-unit property with garages and updated interiors.
      1636 W 205Th St, Torrance, CA 90501
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    Similar Nearby for Lease

    • Contact for pricing

      Office Building Fully Leased

      Office building in Torrance, CA, currently 100% leased.
      21041 S Western Ave, Torrance, CA 90501
      View Details
    • $1.20 SF/Yr
      15,230 SF

      Torrance Area Industrial Space

      Industrial space with rooftop parking in Torrance, California.
      22930-22934 Lockness Ave, Torrance, CA 90501
      View Details
    • Contact for pricing
      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

      Prime Torrance Location on Western

      Modern office spaces with customizable floor plans and ample parking.
      S Western Ave, Torrance, CA 90501
      View Details
    • $39 SF/Yr
      948 SF

      Torrance Executive Office Suite

      New 2022 Construction, 948 SF
      1978 Carson St, Torrance, CA 90501
      View Details
    • $1.35 SF/Yr
      2,938 SF

      Torrance Office Space For Rent

      Office space featuring private offices, conference room, and open space.
      370 Amapola Ave, Torrance, CA 90501
      View Details
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    2406 Torrance Blvd
    Torrance, CA 90501-2401
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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.

    More about this property
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