20715 Hawthorne BlvdTorrance, CA 90503

Property Details for 20715 Hawthorne Blvd

Year built

1969

Lot size

0.23 AC

Property size (Sq ft)

1,050 SF

Zone code

TOHC-GEN

Property type

Retail properties

Property subtype

Turn key restaurants

APN

7524-020-053

APU

7524020053

Description

This exceptional investment opportunity presents a 11,524 square foot multi-tenant medical office building situated on a 0.925-acre lot in the desirable South Bay submarket of Torrance, Los Angeles County. The property, located at 20723 Hawthorne Blvd, boasts a prime corner location at a signalized intersection with high traffic counts averaging approximately 70,000 cars per day. Built in 1973 and renovated in 2003, this Class B building features two structures, each one story, offering a total of three suites. Currently, 5,230 square feet of space is available, with a minimum divisible space of 5,230 square feet and a maximum contiguous space of 5,230 square feet. The property benefits from ample parking with 60 spaces available. The building has a Floor Area Ratio (FAR) of 0.28 and is zoned TO-C (Hawthorne Boulevard Corridor Specific Plan). The property's location near Providence Little Company of Mary Hospital makes it ideal for medical use. The surrounding area features numerous national retailers and boasts strong demographics, with an average household income of $126,931 within a three-mile radius and an estimated 2020 population of 232,070 within the same radius. Property taxes are approximately $5.34 per square foot. NNN expenses for 2024 are estimated at $0.65 per square foot per month. APN: 7524-020-054 & 053.

• CAP approach

  CAP return

  Valuation

  6%

  $458,601

  6.5%

  $423,324

  7%

  $393,087

• Comparable approach

  Method

  Valuation

  Relative Method

  $638,374

  Geo Method

  $638,374

• Alternative Use

  Use

  Valuation

  Residential

  $357,090

  Hospitality

  $327,092

  Educational

  $272,137

  Medical

  $281,496

  Retail

  $423,324

Location Insight

City

Torrance

County

Los Angeles

State

California

Latitude

33.8418

Longitude

-118.354

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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