22939 Hawthorne BlvdTorrance, CA 90505

  • Office properties
  • 29,090 SF
For Lease
$24/SF/YR View listing

Property Details for 22939 Hawthorne Blvd

Year built
1978
Construction
WOOD
Lot size
1.06 AC
Property size (Sq ft)
29,090 SF
Zone code
TOHC-GEN
Property type
Office properties
Property subtype
Office buildings
APN
7368-022-024
APU
7368022024

Description

This exceptional Class A office and medical building, located at 22939 Hawthorne Blvd in Torrance, CA 90505, offers 27,000 square feet of versatile space across three stories. Built in 1989, the property boasts 37 suites, ranging from a minimum of 300 square feet to a maximum contiguous space of 700 square feet, making it ideal for a variety of businesses. The building features convenient amenities including 85 parking spaces, elevators, and readily available power. Enjoy complimentary access to a third-floor lounge, a second-floor break room, and a second-floor conference room. The property sits on one acre of land and is zoned for commercial use. Its prime location at the signalized corner of Hawthorne Boulevard and 230th Street provides excellent visibility and accessibility. The building is situated less than two miles from the Palos Verdes Peninsula and the beach cities of Manhattan Beach, Hermosa Beach, and Redondo Beach. This location offers proximity to major employers such as Toyota, Torrance Memorial Medical Center, and many others, ensuring a strong tenant pool. The building caters to diverse business needs, accommodating executive offices, coworking spaces, medical offices, creative offices, and traditional office setups. This landmark property presents a unique opportunity in the thriving South Bay market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,246,199
    6.5%
    $8,534,953
    7%
    $7,925,314
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,018,254
    Geo Method
    $7,018,254
  • Alternative Use

    Use
    Valuation
    Residential
    $10,583,342
    Hospitality
    $9,694,284
    Educational
    $8,065,530
    Medical
    $8,342,916
    Retail
    $12,546,381
22939 Hawthorne Blvd, Torrance, California

Location Insight

City
Torrance
County
Los Angeles
State
California
Latitude
33.8187
Longitude
-118.352
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$79,316
$1,649,595
$4,830,964
$6,480,559
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