23220 Hawthorne BlvdTorrance, CA 90505

Property Details for 23220 Hawthorne Blvd

Year built

2013

Construction

TILT-UP CONCRETE

Lot size

0.13 AC

Property size (Sq ft)

4,309 SF

Zone code

TOHC-GEN

Property type

Retail properties

Property subtype

Banks

APN

7378-014-031

APU

7378014031

Description

This exceptional 4,450 square foot executive office space, located at 23220 Hawthorne Blvd in Torrance, California, presents a unique investment opportunity. Situated on a generous 1.07-acre lot, this single-tenant property offers unparalleled visibility and accessibility. Previously occupied by a Chase Bank, the building boasts a substantial footprint, ideal for a variety of executive office uses. The entire 4,450 square feet is currently vacant and ready for immediate occupancy. The property's location in Los Angeles County, within the vibrant city of Torrance (zip code 90505), ensures convenient access to major transportation arteries and a thriving business community. The building's prior use as a bank suggests a robust infrastructure, including secure features and potentially adaptable layouts. This property is classified as both retail and office space, offering flexibility for a diverse range of businesses. The single-tenancy aspect provides a streamlined and efficient operational environment. With its prime location, ample square footage, and vacant status, this property represents a compelling opportunity for businesses seeking a high-profile presence in the Torrance market. The property's size and location make it suitable for a variety of uses, from a corporate headquarters to a specialized professional practice. Serious inquiries are encouraged to explore the potential of this exceptional commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $2,013,322

  6.5%

  $1,858,452

  7%

  $1,725,705

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,619,765

  Geo Method

  $2,619,765

• Alternative Use

  Use

  Valuation

  Residential

  $1,567,673

  Hospitality

  $1,435,980

  Educational

  $1,194,719

  Medical

  $1,235,807

  Retail

  $1,858,452

Location Insight

City

Torrance

County

Los Angeles

State

California

Latitude

33.8154

Longitude

-118.351

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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