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Property profile & analytics
OFF-MARKET
Estimated value
$13,210,000
Office buildings
24310 Garnier St Torrance, CA 90505-5327
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-0073247
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Construction
TILT-UP CONCRETE
Total area
32,780 SF
Lot
1.61 ac (70,038 SF)
Zoning code
TOMI-LT
APN
7377-008-021
UPID
US10-0073247
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
-
MX4D Cinema Theater & Performing Art Venue
-
Advanced LGS General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.59M
CAP Approach
CAP
$12.35M
Comparable Approach
Comparable
$12.21M
Blend (final)
Blend
$13.21M
Owner & transaction history
Hori USA INC · 2 yrs held
Hori USA INC
since 2023
Last sale
$13.5M
7 recorded transactions
Zoning & alternative use
TOMI-LT · Torrance, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$14,450,000
ML approach
$9,585,000
CAP Approach
CAP Return
Estimation
6%
$13,375,000
6.5%
$12,345,000
7%
$11,465,000
Blend value · Realmo final
$13.21M
Range $11.89M – $14.53M · ±10% · vs last sale $13.52M (Dec 22 2023)
Last sale anchor
$13.52M
Dec 22 2023
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
$403 / 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
$155,604
Tax year 2024
Assessed value
$13,517,000
Assessed 2024
Previous assessed
$13,517,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$8,500,000
Assessed improvement
$5,017,000
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
Status
Off-Market
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
32,780 SF
Lot
1.61 ac (70,038 SF)
Zoning code
TOMI-LT
APN
7377-008-021
UPID
US10-0073247
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
TOMI-LT · Torrance, CA
Zoning TOMI-LT · permitted uses
TOMI-LT · 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.
Building & site characteristics
From public records
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.61 ac
Current owner
From public records · entity-resolved
Hori USA INC
Entity
Mailing address
24330 GARNIER ST, TORRANCE, CA 90505-5327
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2023
$13,517,500
Hori USA INC
Aquatic Adventures LLC
Grant Deed
—
Apr 30, 2021
$9,311,000
Aquatic Adventures LLC
Duncan Corp
Grant Deed
—
Dec 3, 2015
—
Duncan Corp
M S Inserts & Fasteners Corp
Quit Claim Deed
related
—
Dec 9, 1997
—
Inserts
Hughes,network Systems
Quit Claim Deed
related
—
Oct 15, 1997
—
Network Systems Hughes
Hughes,telecommunications & Spac
Quit Claim Deed
related
—
Feb 10, 1997
—
Telecommunications Hughes
Hughes,aircraft
Quit Claim Deed
related
—
—
—
Ms Inserts & Fasteners Corp
—
Deed Of Trust
related
$920,000 · City National Bank
—
—
Ms Inserts & Fasteners Corp
—
Deed Of Trust
related
$500,000 · City National Bank
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.
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