22593 Western AveTorrance, CA 90501

Property Details for 22593 Western Ave

Year built

1953

Construction

TILT-UP CONCRETE

Lot size

0.27 AC

Property size (Sq ft)

4,653 SF

Zone code

TOMI-BP

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

7357-030-004

APU

7357030004

Description

This exceptional 4,653 square foot industrial property, situated on a 0.27-acre lot at 22593 Western Avenue Unit 1, Torrance, CA, presents a compelling investment opportunity. The building features bow truss construction and is currently utilized as a light industrial manufacturing facility. A significant advantage is the long-term tenancy, with the current business occupying the space for over 30 years and having 7 years remaining on a 10-year lease. This lease includes annual rent increases tied to the local Consumer Price Index (CPI), providing inflation protection. The property boasts a prime location on a major commercial corridor, offering convenient access to the 110, 105, and 405 freeway systems. Recent upgrades include a new roof (2023), a new electrical box, and a bathroom currently under construction. The current gross monthly rental income is $3,894, with the next CPI-adjusted increase scheduled for September 25th. This single-tenant investment is priced below market value for comparable properties in the Torrance industrial market, presenting a tremendous value-add opportunity upon lease expiration. The low cost per square foot further enhances its attractiveness. This property offers a strong combination of stable income, long-term tenancy, and significant future upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $1,692,825

  Hospitality

  $1,550,619

  Educational

  $1,290,097

  Medical

  $1,334,465

  Retail

  $2,006,817

Location Insight

City

Torrance

County

Los Angeles

State

California

Latitude

33.8216

Longitude

-118.309

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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