2008 Carson StTorrance, CA 90501
- Mixed-use properties
- 6,988 SF
Property Details for 2008 Carson St
- Year built
- 1960
- Construction
- WOOD
- Lot size
- 0.29 AC
- Property size (Sq ft)
- 6,988 SF
- Zone code
- TODC-CTR
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 7357-001-005
- APU
- 7357001005
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,221,122
- 6.5%
- $2,050,266
- 7%
- $1,903,819
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,685,925
- Geo Method
- $1,685,925
-
Alternative Use
- Use
- Valuation
- Residential
- $2,542,330
- Hospitality
- $2,328,761
- Educational
- $1,937,502
- Medical
- $2,004,135
- Retail
- $3,013,892
Location Insight
- City
- Torrance
- County
- Los Angeles
- State
- California
- Latitude
- 33.8311
- Longitude
- -118.317
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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