18750 Crenshaw Blvd

2,275 SF 100% Leased Retail Building Torrance, CA 90504 $1,795,000 ($789/SF)

INVESTMENT HIGHLIGHTS

  • High visibility corner lot with frontage on Crenshaw Blvd.
  • Well maintained building with business signage.
  • Zoned C2 which allows for multiple usage types.
  • Great South Bay Location with quick access to beach cities (Manhattan, Redondo, Hermosa) with exposure to +/- 20,000 cars per day.
  • Possible SBA opportunity with tenants on M2M leases.

EXECUTIVE SUMMARY

Welcome to 18750 Crenshaw Blvd. in Torrance, CA—a newly refreshed retail/office building offering a total of 2,480 sq. ft. of versatile space perfect for your business needs. This free standing building is located on a high traffic corner lot (near Crenshaw Blvd. and 190th St) and is well-maintained, boasting modern and updated exterior finishes. There are 3 suites and a storage area. All 3 suites are tenant occupied with leases on a month-to-month basis allowing for the possibility of SBA financing if a buyer wants to occupy at least 51% of the area. The storage is also currently rented by the pool supply tenant for additional income. Situated in a prime location, this building is conveniently close to a brand new Starbucks, ideal for client meetings or a quick coffee break. Additionally, its proximity to the 405 Freeway ensures excellent accessibility and high visibility, making it an attractive option for both retail and office uses. Whether you need a spacious showroom, an inviting office environment, or an income generating investment, this spot is perfect. Each suite has a private bathroom. There is ample parking and high traffic visibility, making this property the perfect setting for businesses looking to establish a strong presence in the Torrance area, or to add to a strong investment portfolio.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
2,275 SF
Building Class
C
Year Built
1962
Price
$1,795,000
Price Per SF
$789
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.12 AC
Zoning
C2 - Zoned C2
Parking
7 Spaces (3.08 Spaces per 1,000 SF Leased)
Frontage
50 FT on Crenshaw Blvd.

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Additional Storage
  • Transportation and Warehousing
  • 300 SF
  • $1.67
  • Negotiable
  • -
  • Del Real Pool Supply and Service
  • Services
  • 775 SF
  • $3.35
  • Negotiable
  • -
  • Food Court
  • Arts, Entertainment, and Recreation
  • 850 SF
  • $2.00
  • Negotiable
  • -
  • Sharif Smoke Shop #5
  • Retailer
  • 350 SF
  • $8.57
  • Negotiable
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Additional Storage Transportation and Warehousing 300 SF $1.67 Negotiable -
Del Real Pool Supply and Service Services 775 SF $3.35 Negotiable -
Food Court Arts, Entertainment, and Recreation 850 SF $2.00 Negotiable -
Sharif Smoke Shop #5 Retailer 350 SF $8.57 Negotiable -

NEARBY MAJOR RETAILERS

The Coffee Bean & Tea Leaf
Nijiya Market
Bank of America
Smart & Final
7 Leaves Cafe
Citi
Starbucks

PROPERTY TAXES

  • Listing ID: 33211320

  • Date on Market: 9/17/2024

  • Last Updated:

  • Address: 18750 Crenshaw Blvd, Torrance, CA 90504