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24248 Crenshaw Blvd 10,911 SF 92% Leased Office Building Torrance, CA 90505 $3,950,000 ($362.02/SF) 5.56% Cap Rate
Executive Summary
• 43.9% of tenants already meet or exceed target rents
• Diverse tenant base: musicians, therapists, content creators, e-commerce
• Unit sizes: 100–650 SF
• Low turnover, long-term user appeal from various industries
• SBA 504 eligible – potential 90% financing for owner-users
• Music production studios
• Executive creative office suites with privacy features
• Retail components for lifestyle or specialty use
• Headquarters for creative companies
• Creative office space for e-commerce, digital agencies, and remote teams
• Podcasting and content creation rooms
• Wellness offices: therapy, massage, sound healing
• Independent fashion, design, and product studios
• Diverse tenant base: musicians, therapists, content creators, e-commerce
• Unit sizes: 100–650 SF
• Low turnover, long-term user appeal from various industries
• SBA 504 eligible – potential 90% financing for owner-users
• Music production studios
• Executive creative office suites with privacy features
• Retail components for lifestyle or specialty use
• Headquarters for creative companies
• Creative office space for e-commerce, digital agencies, and remote teams
• Podcasting and content creation rooms
• Wellness offices: therapy, massage, sound healing
• Independent fashion, design, and product studios
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,911 SF
Building Class
B
Year Built
1962
Price
$3,950,000
Price Per SF
$362.02
Cap Rate
5.56%
NOI
$219,464
Percent Leased
92%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,456 SF
Slab To Slab
10’
Building FAR
0.63
Lot Size
0.40 AC
Zoning
LOMC* - M-C zoning (Light Manufacturing & Commercial). This zoning allows a broad range of light industrial, commercial and retail uses.
Parking
14 Spaces (1.28 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Courtyard
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
$675-$975 Monthly, Full Service.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 175-900 SF | Office | Partial Build-Out | Now |
1st Floor
| Size |
| 175-900 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Floor
| Size | 175-900 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
$675-$975 Monthly, Full Service.
1 1
Walk Score®
Very Walkable (82)
Property Taxes
| Parcel Number | 7376-001-021 | Improvements Assessment | $832,320 |
| Land Assessment | $1,560,600 | Total Assessment | $2,392,920 |
Property Taxes
Parcel Number
7376-001-021
Land Assessment
$1,560,600
Improvements Assessment
$832,320
Total Assessment
$2,392,920
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24248 Crenshaw Blvd
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