For Sale
$2,400,000

2321 Torrance BlvdTorrance, CA 90501

Vacant Office, High Cap Rate, Torrance

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 6,175 square-foot, two-story office building in Torrance, CA, presents a compelling opportunity for owner-users and investors. Located at 2321 Torrance Blvd., this vacant property boasts a versatile layout, including two large conference rooms, multiple private offices, and collaborative workspaces. Floor-to-ceiling glass panels maximize natural light. A spacious executive suite features an ensuite bathroom, while a kitchenette with microwave and lounge area adds convenience. Five shared restrooms are strategically located (two on the first floor, three on the second). The second floor, accessible via front and rear stairwells, offers potential for subdivision into two separate units. Nine on-site parking spaces supplement ample street parking. The building, constructed in 1985 and renovated in 2004, sits on a 6,301 square-foot lot and offers approximately 45 feet of frontage on Torrance Blvd. The property's Class C designation, 5.62% cap rate, and $388.66 price per square foot, along with a Net Operating Income (NOI) of $134,811, make it a highly attractive investment. The permitted zoning is TOCC-GEN. The building features high ceilings and exposed ducting, creating a modern aesthetic. Immediate occupancy or leasing is possible.

Highlights

  • 6,175 SF two-story office building in Torrance, CA, offering a versatile layout with multiple private offices, conference rooms, and collaborative workspaces.
  • Two first-floor and three second-floor restrooms.
  • Second floor easily subdividable into two units via front and rear stairwells.
  • Kitchenette with microwave and lounge area.
  • Nine on-site parking spaces plus ample street parking.

Property Details for 2321 Torrance Blvd

Property type
Office properties, Office space
Square Feet
6,175 SF
Class
C
Year Built/Renovated
1985/2004
Buildings
1
Stories
2

Location Insight

City
Torrance
County
Los Angeles
State
California
Latitude
33.836447380966
Longitude
-118.32455615763
2321 Torrance Blvd, Torrance, California

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2321 Torrance Blvd
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