2321 Torrance BlvdTorrance, CA 90501

Property Details for 2321 Torrance Blvd

Year built

1985

Construction

TILT-UP CONCRETE

Lot size

0.14 AC

Property size (Sq ft)

6,175 SF

Zone code

TOCC-GEN

Property type

Office properties

Property subtype

Office buildings

APN

7354-014-014

APU

7354014014

Description

This exceptional two-story office building, encompassing 6,175 square feet, presents a remarkable investment or owner-user opportunity in the vibrant heart of Torrance, California. Situated on a 0.14-acre lot with approximately 45 feet of frontage on Torrance Boulevard, this property benefits from its proximity to public transit, exempting it from density and parking requirements under AB2097. The building's versatile layout includes two spacious conference rooms, numerous private offices, and collaborative work areas, all enhanced by floor-to-ceiling glass panels that maximize natural light. A highlight is the expansive executive suite, complete with a private full bathroom, a convenient kitchenette featuring a sink and built-in microwave, and a comfortable lounge area. Ample storage is also provided. The building offers five shared restrooms—two on the ground floor and three on the second floor—and nine on-site parking spaces, supplemented by readily available street parking. The second floor, accessible via both front and rear stairwells, presents a unique opportunity for potential subdivision into two separate units, increasing flexibility and rental income. Priced at $2,400,000, this property offers immediate occupancy potential or a strong foundation for leasing. Its prime location and advantageous zoning make it an attractive proposition for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,962,712

  6.5%

  $1,811,734

  7%

  $1,682,324

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,489,780

  Geo Method

  $1,489,780

• Alternative Use

  Use

  Valuation

  Residential

  $2,246,550

  Hospitality

  $2,057,828

  Educational

  $1,712,088

  Medical

  $1,770,970

  Retail

  $2,663,248

Location Insight

City

Torrance

County

Los Angeles

State

California

Latitude

33.8367

Longitude

-118.325

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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