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26691830
26691831

24234-24248 Crenshaw Blvd, Torrance, CA 90505

NA
CA CA 01263417
Lee & Associates - Long Beach
SF
CA 01745123
Listed by Lee & Associates - Long Beach
$3,800,000
287 days on market
Updated 69 days ago

24234-24248 Crenshaw Blvd.

Details
APN 7376-001-021
Property Type Office, Retail (+1)
Sub Type Creative Office, Executive Office
Square Footage 10,911
Units 40
Cap Rate 5.78%
NOI $219,464
Occupancy 100%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 6.55%
Pro-Forma NOI $248,864
Price per SqFt $348
Broker Co-Op Yes
Class C
Year Built 1962
Year Renovated 2022
Buildings 2
Stories 2
Lot Size (SqFt) 17,424
Zoning RC
Parking Spaces 23 spaces
Parking Per SqFt 2.11
Investment Type Stabilized
Ownership Fee Simple

RARE CREATIVE INVESTMENT OPPORTUNITY: CREATIVE | MUSIC | MEDIA | E-COMMERCE | EXECUTIVE SUITES

Marketing description

Lee & Associates – Los Angeles/Long Beach, Inc. as exclusive advisors welcome you to 24234–24248 Crenshaw Blvd, a rare creative commercial real estate investment opportunity in Torrance, California, part of the vibrant South Bay region of Los Angeles County. This fully leased, income-producing Torrance investment property is anchored by the reputable Lockout Music Studios + Creative Office and located adjacent to the high-performing Torrance Crossroads Shopping Center. The property offers unmatched versatility, allowing for readaptation into private executive creative office suites unlike typical creative office setups—delivering enhanced privacy and exclusivity to potential tenants. The building also supports retail components, possible headquarters, music studios, and media production suites.

Investment highlights

WHY THIS PROPERTY DELIVERS

• 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

WHY LOCKOUT MUSIC STUDIOS OUTPERFORMS OTHER SOUTH BAY SPACES

• Flexible Month-to-month and long-term options

• Full privacy – no hourly or shared spaces

• Sound-resistant, private rooms with their own separate entrances

• Highly secure with natural light in select studios

• Affordable and secure for local artists, producers, and professionals

• Established reputation in the creative community

• 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

Listing Contacts

NA
CA CA 01263417
Lee & Associates - Long Beach
SF
CA 01745123
Listed by Lee & Associates - Long Beach

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$219,464.00
$18,288.67/mo

Valuation Metrics

0
DSCR
5.78%
Cap Rate
5.78%
ROI

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Additional Information

Name
Noël Aguirre
License
CA 01263417
Brokerage Address
5000 East Spring Street
Name
Sean Fang
License
01745123
Brokerage
Lee & Associates Commercial Real Estate Services Inc - South Bay
Brokerage Phone
3107688800
Brokerage Address
21250 Hawthorne Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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