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Property profile & analytics
OFF-MARKET
Estimated value
$10,040,000
Warehouses
615 Hawaii Ave Torrance, CA 90503-5141
Entity Owned
Absentee Owner
Free & Clear
Property ID
US10-0072556
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1963
Construction
TILT-UP CONCRETE
Total area
35,956 SF
Lot
1.5 ac (65,182 SF)
Zoning code
TOMI-LT
APN
7352-010-003
UPID
US10-0072556
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
-
SHLA GROUP INC Plumbing Service Building Supply
-
Parallel Technology Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.35M
Comparable Approach
Comparable
$11.86M
Blend (final)
Blend
$10.04M
Owner & transaction history
Five III Ca2 LP
Five III Ca2 LP
since 2025
Last sale
$10.0M
6 recorded transactions
Zoning & alternative use
TOMI-LT · Torrance, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$16.6M
+15.3%
Medical building
$16.3M
+13.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,040,000
6.5%
$8,345,000
7%
$7,750,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$14,425,000
Current use
AUTO REPAIR, GARAGE
$16,630,000
Change: +15% · Conversion: Easy
MEDICAL BUILDING
$16,345,000
Change: +13% · Conversion: Difficult
RETAIL STORES
$12,270,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$10.04M
Range $9.04M – $11.04M · ±10% · vs last sale $9.98M (Dec 7 2024)
Last sale anchor
$9.98M
Dec 7 2024
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
$279 / 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
$57,727
Tax year 2024
Assessed value
$4,680,791
Assessed 2024
Previous assessed
$4,680,791
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,209,916
Assessed improvement
$2,470,875
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
35,956 SF
Lot
1.5 ac (65,182 SF)
Zoning code
TOMI-LT
APN
7352-010-003
UPID
US10-0072556
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$14.4M
AUTO REPAIR, GARAGE
Est. value
$16.6M
MEDICAL BUILDING
Est. value
$16.3M
RETAIL STORES
Est. value
$12.3M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Five III Ca2 LP
Entity
Free & Clear · 0 yrs held
Mailing address
1611 S PACIFIC COAST HWY STE #301, REDONDO BEACH, CA 90277-5614
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2025
—
Five III Ca2 LP
Five III Ca1 LP
Deed
related
—
Mar 7, 2025
$9,975,000
Fivf III Ca1 LP
James W Sullivan
Grant Deed
—
Sep 6, 2018
—
Remainder Boughton C Trust
Boughton,robert L JR
Affidavit Of Death
related
—
Apr 24, 2017
$2,250,000
Marvin Charitable Remainder Trust
Boughton Charitable Re Trust
Grant Deed
—
Apr 24, 2017
—
Sally A Boughton
Marvin,howard K
Affidavit Of Death
related
—
Jun 1, 1993
—
Robert L Al Trs Boughton JR.
—
Deed Of Trust
related
—
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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