The median home value in Torrance, CA is $960,000.
This is
higher than
the county median home value of $790,000.
The national median home value is $308,980.
The average price of homes sold in Torrance, CA is $960,000.
Approximately 54% of Torrance homes are owned,
compared to 41% rented, while
5% are vacant.
Torrance real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Torrance real estate agent to arrange a tour today!
Learn more about Torrance.
Situated along a major retail thoroughfare in the heart of Torrance, 3015 Artesia Boulevard introduces investors to the ultimate value-add acquisition opportunity. The vacant retail asset is currently in shell condition and ready for a fully customized build-out, currently comprises of 3015, 3017, 3019, and 3021 Artesia Boulevard block addresses. 3015 Artesia Boulevard features large storefront glass windows, building sign optionality for tenants, and a highly adaptable floor plan. The building can also easily be converted into four storefront units with private entrances for multi-tenant functionality. Strong market fundamentals depict a Gross Lease asking rent of $1.50-1.75 per square foot, which will yield a gross monthly rent of $6,300 7,350 (proforma CAP rate of 5%). Businesses will benefit from eight (+ more if stacked) private, off-street parking spaces at the rear of the building, providing convenience for employees and visitors. The property has an approved ready-to-issue permit (RTI) for updated 600amp electrical panel. City of Torrance Commercial Rehabilitation Rebate Programs may provide grants and incentives for property improvements (https://www.torranceca.gov/Home/Components/News/News/4607/). 3015 Artesia Boulevard is a distinctly versatile asset offering endless upside potential for new ownership. An investor can immediately add value by securing one or multiple credit-worthy tenants in a competitive submarket. At the same time, an owner-user will undoubtedly profit from occupying part of the building and generating additional income through leasing the other potential spaces. 3015 Artesia Boulevard is an ideal location for an array of industries, including retailers, creative offices, studios, service-based businesses, entrepreneurs, and more. Location provides unrivaled visibility to over 46,000 vehicles traveling through the high-profile intersection of Artesia and Crenshaw Boulevard.
PRIME LOCATION OFFICE BUILDING ON A HIGH TRAFFIC CORNER (between Artesia Blvd & Redondo Beach Blvd). This free-standing building lot size over 1 acre with 90+ parking spaces, gated and major updates via insurance company due to fire from outside of building in 2018.Great signage opportunity, easy freeway access, high ceilings upto 13ft, huge open space can handle up to 200 people on first floor, multiple offices various sizes on second floors, lots of windows for natural lights.Current use by church and seminary schools. No showings or visitors allowed until approved by seller representative.
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