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For SaleLuxury

$1,600,000

5,070 sqft$316/sqft196 days on market

18750 Crenshaw Blvd

Torrance, CA 90504

· 8% down, 7% APR, 30yr fixed

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Beds

—

Baths

5,070

Square feet

1962

Built

Listing narrative

Description

Located in the heart of Torrance, 18750 Crenshaw Blvd. offers a compelling opportunity to acquire a stabilized, income-producing retail/office asset with clear upside potential. This freestanding, newly refreshed building encompasses approximately 2,275 sq. ft. and sits on a high-exposure corner lot near Crenshaw Blvd. and 190th St., benefiting from strong traffic counts and excellent visibility. The property features 3 suites, plus an additional storage unit, creating a diversified income stream. Existing long-term tenants provide in-place cash flow, supporting a strong cap rate (buyer to verify based on current income and pricing). The storage unit is currently leased, further enhancing yield. A key value-add component is the owner-occupied smoke shop, which can be delivered vacant at close of escrow. This presents an opportunity to either occupy the space or lease at market rents, allowing investors to increase NOI and capture a higher pro forma cap rate. With strategic lease-up and potential rent adjustments to market levels, investors can realize meaningful upside in overall returns. Surrounded by strong national and local retailers, including a newly built Starbucks, the property benefits from consistent consumer traffic and a desirable tenant base. Immediate access to the 405 freeway further enhances accessibility and long-term tenant demand. With ample parking, modern exterior upgrades, and a prime corner location, this asset is well-suited for investors seeking stable in-place income with the ability to drive NOI growth and improve cap rate performance over time.

Listing agent (MLS): Randall Porizek · Listing brokerage (MLS): Century 21 Coastal Properties

Property Details

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Price

$1,600,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Retail

Home Size

5,070 sqft

Baths

Baths n/a

Lot Size

0.12 acres

Year

1962

Status

For Sale

Days on Market

196

$ / Sqft

$316

· 8% down, 7% APR, 30yr fixed
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Courtesy of Century 21 Coastal Properties