22939 Hawthorne BlvdTorrance, CA 90505

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 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.

• 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

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