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

    24234 Crenshaw Blvd Torrance, CA 90505

    • Office buildings
    • 10,911 SF
    • 0.40 lot acres
    OFF-MARKET
    Last Sale
    Dec 05, 2022
    $2,300,023
    Value Estimations
    $2,265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6359443
    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

    • Office buildings

    Property Details for 24234 Crenshaw Blvd

    Year built
    1962
    Construction
    WOOD
    Lot size
    0.40 lot acres
    Property size
    10,911 SF
    Zone code
    LOMC*
    Property type
    Office buildings
    APN
    7376-001-021
    APU
    7376001021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,315,000
      ML approach
      $2,350,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,119,000
      Market price range: $766k - $6.89M

    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
    33.8045
    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
    $31,440
    $1,530,000
    $816,000
    $2,346,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $385,000
      370 SF

      25550 Hawthorne Blvd, Unit 113

      OFFICE BUILDING • 370 SF
      25550 Hawthorne Blvd, Torrance, CA 90505-6825
      View Details
    • Value Estimation
      $370,000
      6,520 SF

      3620 Pacific Coast Hwy

      OFFICE BUILDING (MULTI-STORY) • 6,520 SF
      3620 Pacific Coast Hwy, Torrance, CA 90505-6018
      View Details
    • Value Estimation
      $585,000
      7,632 SF

      23415 Crenshaw Blvd

      PROFESSIONAL BUILDING • 7,632 SF
      23415 Crenshaw Blvd, Torrance, CA 90505-3152
      View Details
    • Value Estimation
      $350,000
      3,660 SF

      24416 Crenshaw Blvd

      OFFICE BUILDING • 3,660 SF
      24416 Crenshaw Blvd, Torrance, CA 90505-5370
      View Details
    • Value Estimation
      $350,000
      220 SF

      25550 Hawthorne Blvd Ste, Unit 312

      OFFICE BUILDING • 220 SF
      25550 Hawthorne Blvd Ste, Torrance, CA 90505-6832
      View Details
    • Value Estimation
      $465,000
      11,250 SF

      2430 Amsler St

      OFFICE BUILDING • 11,250 SF
      2430 Amsler St, Torrance, CA 90505-5302
      View Details

    Similar Nearby for Sale

    • $2,200,000

      Corner Office Building on Crenshaw

      Well-maintained, remodeled office building on high-traffic Crenshaw Boulevard.
      23150 Crenshaw Blvd, Torrance, CA 90505
      View Details
    • Contact for pricing
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      Torrance Office Suites: Prime Location

      Modern, renovated office spaces available.
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    • $21,500,000
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      Torrance Industrial Property For Sale

      Industrial property with offices, dock positions, and warehouse clearance.
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    • Contact for pricing
      24,813 SF

      Torrance Flex Industrial Space

      Flex industrial (office/warehouse) space in Atrium Business Center.
      23840-23848 Hawthorne Blvd, Torrance, CA 90505
      View Details
    • $648,000
      1,117 SF

      Spacious Condo in 55+ Community

      Resort-style living with two garages in a vibrant 55+ community.
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    • $1,499,000

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      Income property in South Torrance with upgraded units.
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      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      3,550 SF

      Medical Office Space Available

      Second floor medical office space for rent.
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      View Details
    • $2 SF/Yr
      1,995 SF

      Torrance Office Space Available

      Office space for rent in Torrance, California.
      24520-24596 Hawthorne Blvd, Torrance, CA 90505
      View Details
    • $735 /Mo

      Torrance Office Space For Rent

      Functional office space in Torrance, ideal for small business.
      2780 Sepulveda Blvd, Torrance, CA 90505
      View Details
    • $750 /Mo
      26,776 SF

      Torrance Office Suites For Lease

      Flexible office suites available for lease in Torrance, California.
      23505 Crenshaw Blvd, Torrance, CA 90505
      View Details
    • $9 SF/Yr
      6,033 SF

      HQ Skypark Atrium: Torrance Office Space

      Flexible Office Suites in Torrance, CA
      2790 Skypark Dr, Torrance, CA 90505
      View Details
    • $2 SF/Yr
      1,772 SF

      Torrance Office/Medical Space Available

      Second floor office/medical space available for rent in Torrance.
      22330-22410 Hawthorne Blvd, Torrance, CA 90505
      View Details
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    Torrance, CA 90505
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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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