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Palm View Building 2008 W Carson St 6,988 SF 95% Leased Office Building Torrance, CA 90501 $3,729,238 CAD ($533.66 CAD/SF) 4.72% Cap Rate



Investment Highlights
- Heavy Daytime Traffic
- Low Historical Vacancy
- Connected Parking Lot
- Two Story Office Building
Executive Summary
Thompson Team Real Estate is proud to exclusively offer this well positioned property in the heart of Old Town Torrance, this exceptional two-story office building offers a rare opportunity to acquire a highly stabilized asset in one of the South Bay’s most desirable business corridors. Situated on a prominent corner lot with over 30,000 vehicles passing daily, the property benefits from outstanding visibility and accessibility for both tenants and clientele. The building spans approximately 6,988 square feet on a generous 17,860 square foot lot and is currently 95% occupied by a strong roster of long-term tenants, providing immediate and reliable income. With a potential configuration of up to 22 units, the property offers flexibility for future leasing strategies while maintaining historically low vacancy and minimal tenant turnover. Meticulously maintained, the asset reflects pride of ownership throughout. Recent capital improvements include a freshly resurfaced parking lot, exterior repainting, and a well-maintained roof with no known leaks, contributing to its low-maintenance profile. Ample on-site parking ensures convenience for both tenants and visitors—an increasingly valuable amenity in this high-demand area. In addition to its in-place income, the property presents compelling long-term upside. Located adjacent to a newly constructed apartment development, the site may offer future redevelopment potential for a higher-density residential project (buyer to verify), making it attractive for investors seeking both cash flow and value-add or development opportunities. Surrounded by a vibrant mix of retail, dining, and professional services, and anchored in the charm and walkability of Old Town Torrance, this is a rare chance to secure a premier investment property in a supply-constrained market. ALL INFORMATION TO BE VERIFIED BY BUYER OR BUYERS AGENT
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$238,174
|
$34.08
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$238,174
|
$34.08
|
| Taxes |
$41,298
|
$5.91
|
| Operating Expenses |
$20,718
|
$2.96
|
| Total Expenses |
$62,016
|
$8.87
|
| Net Operating Income |
$176,158
|
$25.21
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $238,174 |
| Annual Per SF | $34.08 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $238,174 |
| Annual Per SF | $34.08 |
| Taxes (CAD) | |
|---|---|
| Annual | $41,298 |
| Annual Per SF | $5.91 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $20,718 |
| Annual Per SF | $2.96 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $62,016 |
| Annual Per SF | $8.87 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $176,158 |
| Annual Per SF | $25.21 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
6,988 SF
Building Class
C
Year Built/Renovated
1960/2023
Price
$3,729,238 CAD
Price Per SF
$533.66 CAD
Cap Rate
4.72%
NOI
$176,158 CAD
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,494 SF
Slab To Slab
11’
Building FAR
0.39
Lot Size
0.41 AC
Zoning
C1, Torrance - Property has potential for high density redevelopment.
Parking
43 Spaces (6.15 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Courtyard
- Signage
- Natural Light
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- 2007 Carson Street LLC
- Public Administration
- -
- -
- -
- Ambrose Realty
- Real Estate
- -
- -
- -
- Baksseville Llc
- -
- -
- -
- -
- Comprehensive Housing Services
- Real Estate
- -
- -
- -
- Jdman Tax Accountant & Bookkeeper
- Professional, Scientific, and Technical Services
- -
- -
- -
- Modern Woodman of America
- Finance and Insurance
- -
- -
- -
- Perkins Paralegal Services
- Professional, Scientific, and Technical Services
- -
- -
- -
-
- Real Estate
- -
- -
- -
- Triumph Realty & Financial
- Real Estate
- -
- -
- -
- United Evangelists Assn
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| 2007 Carson Street LLC | Public Administration | - | - | - | ||
| Ambrose Realty | Real Estate | - | - | - | ||
| Baksseville Llc | - | - | - | - | ||
| Comprehensive Housing Services | Real Estate | - | - | - | ||
| Jdman Tax Accountant & Bookkeeper | Professional, Scientific, and Technical Services | - | - | - | ||
| Modern Woodman of America | Finance and Insurance | - | - | - | ||
| Perkins Paralegal Services | Professional, Scientific, and Technical Services | - | - | - | ||
|
Real Estate | - | - | - | ||
| Triumph Realty & Financial | Real Estate | - | - | - | ||
| United Evangelists Assn | Services | - | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $2,616,074 CAD | |
| Land Assessment | $1,798,556 CAD | Annual Taxes | $41,298 CAD ($5.91 CAD/SF) |
| Improvements Assessment | $817,518 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$1,798,556 CAD
Improvements Assessment
$817,518 CAD
Total Assessment
$2,616,074 CAD
Annual Taxes
$41,298 CAD ($5.91 CAD/SF)
Tax Year
2025
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Palm View Building | 2008 W Carson St
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