2008 Carson StTorrance, CA 90501

This stabilized, multi-tenant office building in Torrance, CA presents a compelling investment opportunity. Located at 2008 W Carson St, this 6,988 square foot property sits on a 0.41-acre corner lot in Los Angeles County (zip code 90501) and boasts a 100% occupancy rate with 17 tenants. The building, constructed with a Class C designation, features two stories and 30 parking spaces, recently resurfaced. The property underwent renovations in 2023, including remodeled ADA-compliant bathrooms. The building is currently leased under a gross lease agreement with rent bumps included. The property's Net Operating Income (NOI) is $126,126, yielding a 3.60% cap rate at an asking price of $3,199,888 ($457.91 per square foot). The permitted zoning is C1, offering redevelopment potential, including the possibility of conversion to multi-family housing. The property benefits from heavy daytime traffic and excellent visibility due to its corner lot location. APN numbers are 7357-007-005 and 7357-001-004. This is a land development investment opportunity with significant upside potential. The property is not subject to a ground lease.