20821 Hawthorne BlvdTorrance, CA 90503

Property Details for 20821 Hawthorne Blvd

Year built

1973

Construction

TILT-UP CONCRETE

Lot size

1.48 AC

Property size (Sq ft)

18,924 SF

Zone code

TOHC-GEN

Property type

Investment properties

Property subtype

Retail residential properties

APN

7524-015-082

APU

7524015082

Description

This exceptional 19,300 square foot retail property, situated on a 1.49-acre lot at 20821 Hawthorne Blvd, Torrance, CA 90503, presents a unique investment opportunity. The single-story, Class B building, constructed in 1973, features two suites, with one suite totaling 8,500 square feet currently vacant. The property is zoned H-PR and boasts ample parking with 89 spaces. Located in the highly desirable South Bay submarket, specifically the Hawthorne Boulevard cluster, this location benefits from exceptional visibility and accessibility. The property's proximity to major shopping destinations like the Del Amo Fashion Center and South Bay Galleria, along with the vibrant "Auto Row," ensures high foot traffic and strong consumer demographics. The average annual household income within a 3-mile radius is $136,000, indicating a robust and affluent market. The cross street is Emerald St, and the APN is 7524-015-082. This property is ideal for a variety of medical retail uses, offering significant potential for growth and return on investment. The building has no elevators. The maximum contiguous square footage available is 8,500 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $6,972,090

  6.5%

  $6,435,776

  7%

  $5,976,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,076,686

  Geo Method

  $7,076,686

• Alternative Use

  Use

  Valuation

  Residential

  $6,435,776

  Hospitality

  $5,895,136

  Educational

  $4,904,684

  Medical

  $5,073,364

  Retail

  $7,629,508

Location Insight

City

Torrance

County

Los Angeles

State

California

Latitude

33.8408

Longitude

-118.354

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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