For Sale
$1,795,000

18750 Crenshaw BlvdTorrance, CA 90504

High-visibility Crenshaw Blvd. retail/office.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Torrance, CA commercial property, located at 18750 Crenshaw Boulevard, presents a compelling investment opportunity. The single-story, 2,275 square foot building sits on a 5,069 square foot lot and features three suites, one currently vacant, and a storage area, all within a Class B building renovated in 2022. Two of the suites are occupied under month-to-month leases, offering potential for SBA financing. The property boasts high visibility due to its corner lot location on Crenshaw Boulevard, near 190th Street, and benefits from proximity to the 405 Freeway and a newly constructed Starbucks. The vacant suite offers approximately 1,180 square feet of flexible space with a private bathroom and ample natural light. Seven parking spaces are available. The property is zoned for General Commercial use and is offered for sale at $1,795,000. This is a multi-tenant, gross lease property with a total of two tenants. The property is a one-building, owner-user investment opportunity, suitable for a 1031 exchange. The property is not subject to a ground lease. The Los Angeles County Assessor's Parcel Number (APN) is 4090-020-009. This prime location offers excellent accessibility and high visibility, making it ideal for a variety of retail and office uses.

Highlights

  • $1,795,000 asking price for a multi-tenant office and retail building.
  • 2,275 square feet on a 5,069 square foot lot in Torrance, CA.
  • Three units in a single-story, Class B building, renovated in 2022.
  • Seven parking spaces and located on a high-visibility corner lot on Crenshaw Boulevard.
  • Two of three units are currently tenant-occupied on month-to-month leases, offering potential for SBA financing.
  • General Commercial zoning, APN 4090-020-009, and suitable for a 1031 exchange.

Property Details for 18750 Crenshaw Blvd

Property type
Retail properties, Office properties
Square Feet
2,275 SF
Class
B
Year Renovated
2022
Buildings
1
Stories
1
Units
3

Location Insight

City
Torrance
County
Los Angeles
State
California
Latitude
33.8598395
Longitude
-118.3266979
18750 Crenshaw Blvd, Torrance, California

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18750 Crenshaw Blvd
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