24234 CRENSHAW BLVD Lomita CA 90505

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.​

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

The subject property is a commercial property located at 24234 – 24248 Crenshaw Boulevard in the City of Lomita on a 17,443 square foot lot with M-C zoning (Light Manufacturing & Commercial). This zoning allows a broad range of light industrial, commercial and retail uses. The parcel is situated at the traffic signal directly across from the entrance to Torrance Crossroads Shopping Center which boasts many national tenants such as Home Depot, Home Goods, IHOP, In-N-Out Burger, Vons Groceries, PetCo, Party City, Subway, Jersey Mike’s, La Salsa, Jamba Juice, Starbucks and many more restaurants. The traffic count is huge with 107,463 VPD (Vehicles Per Day).

The improvements consist of 10,911 square feet (per assessor’s records) between 2 buildings. The 2 story main building 24248 Crenshaw was built in 1955 (approximately 8,563 rentable square feet and it is currently rented to small retail/office/commercial tenants on a month to month basis. There are a total of 41 suites surrounding a courtyard with planters. There are restrooms on the 1st and 2nd floor. Out of the total, 11 suites rented, and the remaining 30 suites are vacant, and many would need to be made rent ready by a buyer prior to leasing. There is a detailed rent roll in the Offering Memorandum showing each suite and the approximate size. There are 22 parking spaces onsite and there is additional parking across the street with a dedicated crosswalk.

There is a second free standing single story building constructed in 1962 that is 1225 square feet. It was used by a restaurant many years ago and is currently being used for office flex-warehouse space. This investment offering provides an excellent opportunity for an investor seeking an asset for repositioning and leasing up the vacant units at market rents. There is also the potential for a new development opportunity on this site since the tenants are all month to month.

Executive office suites in courtyard style building in Torrance P.O. with Lomita zoning M-C light manufacturing + commercial

Prime location across from Crossroads Shopping Center with national tenants

High visibility property with high traffic count of 107,463 VPD (Vehicles Per Day)

Excellent investment to reposition through leasing vacant office suites and stabilizing the NOI

Potential for new development of retail / restaurant subject to C.U.P. (Conditional Use Permit)

PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY