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2264 Torrance Boulevard, Torrance, CA 90501

Commercial property · 2 recorded sales since 2024

2264 Torrance Boulevard, Torrance, CA 90501 Sold October 2024 CRMLS
$1,072,000Sold October 2024

Listing Agent: John Fields (DRE #00993786) · Listing Office: Bonanza Realty · Contact: 310-617-5850 · Bought with: Enrique Esparza Martinez · Realty One Group Homelink · MLS #SB24059696 · Source: CRMLS

1,948
Building Sq Ft
21
Units
$16,178
NOI
4,782 sqft
Lot Size
1930
Year Built
Commercial property
Type

About this commercial property

Subject to Cancellation of Existing Escrow. Mixed use property on a knoll above high traffic Torrance Bl. in nice area of Old Torrance. Property still shows as a triplex in the tax rolls. City of Torrance permits from early 1980's show front duplex turned into four office spaces with bathroom and kitchenette. Three of the four offices rented at below market rents and the owner is using suite #2. Above the three car garage in the rear is a two bedroom apartment. Separate patio and yard area for this unit. There are also three side by side parking spaces for the front offices on the side alley. Property has been well kept. Rents are low. Could turn the front four offices back into two 1 bedroom, 1 bath units each with a garage and one extra parking space would easily rent for at least $2,200 per month each. Front structure is also 1,248 sqare feet so it could also be turned into one house. No State or City Rent Control on office property. Large front yard. Great potential and great upside.

Listing description from the October 2024 sale, as reported to CRMLS.

Sale history

$1,072,000
Sold October 2024 · listed $1,100,000, orig. $1,150,000, on market March 2024 · MLS #SB24059696 · Source: CRMLS
Listing Agent: John Fields · Listing Office: Bonanza Realty · Contact: 310-617-5850 · Bought with: Enrique Esparza Martinez · Realty One Group Homelink
$1,072,000
Sold October 2024 · listed $1,100,000, orig. $1,150,000, on market June 2024 · MLS #SB24117045 · Source: CRMLS
Listing Agent: John Fields · Listing Office: Bonanza Realty · Contact: 310-617-5850 · Bought with: Enrique Esparza Martinez · Realty One Group Homelink
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