22939 Hawthorne BlvdTorrance, CA 90505
- Office properties
- 29,090 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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