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24248 Crenshaw Blvd 10,911 SF 100% Leased Office Building Torrance, CA 90505 $5,298,986 CAD ($485.66 CAD/SF) 5.78% Cap Rate
Executive Summary
• 43.9% of tenants already meet or exceed target rents
• Diverse tenant base: musicians, therapists, content creators, e-commerce
• Unit sizes: 100–650 SF
• Low turnover, long-term user appeal from various industries
• SBA 504 eligible – potential 90% financing for owner-users
• Music production studios
• Executive creative office suites with privacy features
• Retail components for lifestyle or specialty use
• Headquarters for creative companies
• Creative office space for e-commerce, digital agencies, and remote teams
• Podcasting and content creation rooms
• Wellness offices: therapy, massage, sound healing
• Independent fashion, design, and product studios
• Diverse tenant base: musicians, therapists, content creators, e-commerce
• Unit sizes: 100–650 SF
• Low turnover, long-term user appeal from various industries
• SBA 504 eligible – potential 90% financing for owner-users
• Music production studios
• Executive creative office suites with privacy features
• Retail components for lifestyle or specialty use
• Headquarters for creative companies
• Creative office space for e-commerce, digital agencies, and remote teams
• Podcasting and content creation rooms
• Wellness offices: therapy, massage, sound healing
• Independent fashion, design, and product studios
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,911 SF
Building Class
B
Year Built
1962
Price
$5,298,986 CAD
Price Per SF
$485.66 CAD
Cap Rate
5.78%
NOI
$306,036 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,456 SF
Slab To Slab
10’
Building FAR
0.63
Lot Size
0.40 AC
Zoning
LOMC* - M-C zoning (Light Manufacturing & Commercial). This zoning allows a broad range of light industrial, commercial and retail uses.
Parking
14 Spaces (1.28 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Courtyard
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7376-001-021 | Improvements Assessment | $1,152,372 CAD |
| Land Assessment | $2,160,697 CAD | Total Assessment | $3,313,069 CAD |
Property Taxes
Parcel Number
7376-001-021
Land Assessment
$2,160,697 CAD
Improvements Assessment
$1,152,372 CAD
Total Assessment
$3,313,069 CAD
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24248 Crenshaw Blvd
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