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    24400 Hawthorne Blvd Torrance, CA 90505
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    Property profile & analytics

    24400 Hawthorne Blvd, Torrance, CA 90505

    View on Map
    • Retail space
    • 8,882 SF
    • 0.59 lot acres
    Off-Market
    Last Sale May 9, 2023
    Property ID
    US09-6299692
    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
    $2,270,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walteria Center / Shopping Center & Mall

    Property Details for 24400 Hawthorne Blvd

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    0.59 lot acres
    Zone code
    TOHC-GEN
    Property type
    Retail space
    APN
    7534-019-021
    APU
    7534019021

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 23, 2025 — Jung Myung Property LLC Kang Family Trust Deed · related —
    Aug 9, 2024 — Bong Koo Kang — Deed · related $4.9M · Pcb Bank
    May 9, 2023 — Paul Allen Ginsburg Paul A Ginsburg Intrafamily Transfer · related —
    Sep 11, 2020 — Bong Koo Kang — Deed · related $3M · Pacific City Bank
    Nov 8, 2017 — Kang Family Trust Mo,kang Albert M & Kenny J Quit Claim Deed · related —
    Oct 13, 2017 — Kang Family Trust Mo,kang Albert M & Kenny J Quit Claim Deed · related —
    Sep 27, 2017 — Kang,bong K & Sung J Family Trust Mo,kang Kenny J & Albert M Quit Claim Deed · related —
    Jun 10, 2016 — Kenny J M Kang Kang,bong K & Sun J Quit Claim Deed · related —
    Oct 15, 2015 — Kenny J M Kang Kang,kenny J M Quit Claim Deed · related —
    Apr 17, 2015 — Bong K Kang Kang Bong K Quit Claim Deed · related —
    Oct 3, 2014 — Kang Family Trust Kang Family Trust Quit Claim Deed · related —
    Aug 24, 2007 — Kang Family Trust Kang,bong K & Sun J Quit Claim Deed · related —
    May 16, 2007 — Bong K Kang Kang,sun J Quit Claim Deed · related $3.3M · East West Bank
    Dec 31, 2003 — Bong K Kang Labarba,tr Grant Deed · related $1.8M · Pacific City Bank
    Apr 14, 1989 — Labarba Tr Labar Quit Claim Deed · related —
    — — Labarba Trust — Deed Of Trust · related $1.1M · Malaga Bank
    — — Kang Family Trust — Loan Modification · related —
    — — Bong K Kang — Deed Of Trust · related $450k · Pacific Union Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,030,000
      Current use
      WAREHOUSE, STORAGE
      $3,565,000
      Change: +18% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,780,000
      Change: -8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Torrance
    County
    Los Angeles
    State
    California
    Longitude
    -118.351
    Latitude
    33.8014
    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
    $49,105
    $2,864,114
    $1,146,897
    $4,011,011
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $2,915,000
      17,511 SF

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      RETAIL STORES (PERSONAL SERVICES)
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      View Details
    • Value Estimation
      $920,000
      3,355 SF

      2722 Sepulveda Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2722 Sepulveda Blvd, Torrance, CA 90505-2952
      View Details
    • Value Estimation
      $815,000
      2,905 SF

      2724 Sepulveda Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2724 Sepulveda Blvd, Torrance, CA 90505-2952
      View Details
    • Value Estimation
      $2,125,000
      9,768 SF

      3902 Pacific Coast Hwy

      RETAIL STORES (PERSONAL SERVICES)
      3902 Pacific Coast Hwy, Torrance, CA 90505-5762
      View Details
    • Value Estimation by Request
      44,723 SF

      2863 Pacific Coast Hwy

      Restaurants
      2863 Pacific Coast Hwy, Torrance, CA 90505
      View Details
    • Value Estimation
      $5,725,000
      23,530 SF

      22740 Hawthorne Blvd

      RETAIL STORES (PERSONAL SERVICES)
      22740 Hawthorne Blvd, Torrance, CA 90505-3614
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

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      View Details
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      34,453 SF

      Retail Redevelopment Opportunity

      Retail space available for redevelopment with 34,453 square feet.
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      Torrance Retail Investment Opportunity

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    • $5,400,000

      Starbucks Anchored Retail Center

      100% occupied retail center with drive-thru.
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      Turnkey Duplex with Attached ADU

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    Similar Nearby for Lease

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      Torrance Retail & Medical Center

      Retail and medical suites available in Torrance, California.
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      Retail Space on Pacific Coast

      Retail space with high visibility and private parking.
      3803 Pacific Coast Hwy, Torrance, CA 90505
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      Retail Space Available For Lease

      Retail space available for lease with lease term remaining.
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      Torrance Retail Space Available

      Second-generation food-oriented retail space in a high-traffic location.
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    • Contact for pricing
      4,165 SF

      Retail Space on Sepulveda Blvd

      Retail space available for lease on Sepulveda Boulevard.
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      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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